RailAmerica, Inc. Reports Third Quarter 2012 Results

Mr. RSS Nov 5, 2012

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    Third Quarter HighlightsRevenue increased 11% versus third quarter 2011. Operating income down 31%; (up 25% excluding 45G benefit, asset sales, impairments and strategic alternatives expense[1]). Net income of $0.12 per share. Adjusted net income per share[1] of $0.40. On October 1, 2012, RailAmerica, Inc. (RailAmerica) was acquired by Genesee & Wyoming Inc. (GWI) (NYSE: GWR) and deregistered its common stock and delisted from the New York Stock Exchange. Immediately following the closing of the acquisition, control of RailAmerica was placed into a voting trust with R. Lawrence McCaffrey appointed as trustee. The trust will remain in effect until the U.S. Surface Transportati...

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