Genesee & Wyoming Inc. (NYSE:GWR) Files An 8-K Regulation FD Disclosure

Genesee & Wyoming Inc. (NYSE:GWR) Files An 8-K Regulation FD Disclosure
ITEM 7.01 Regulation FD Disclosure.

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Genesee & Wyoming Inc. (the “Company”) is in the process of completing its initial analysis of the Tax Cuts and Jobs Act (the “Act”). Based on preliminary calculations, the Company currently estimates its financial results for 2017 will include a non-cash reduction in income tax expense of around $400 million resulting primarily from the remeasurement of the Company's deferred tax liabilities to reflect the recently enacted 21% United States federal corporate tax rate. The Company’s financial results for 2017 are also expected to include an addition to income tax expense of approximately $15 – $30 million as a result of the Act’s effects on the deemed repatriation of earnings of the Company’s foreign subsidiaries, which will be paid in cash over 8 years. Forward-looking to 2018, the Company estimates its consolidated effective income tax rate will be approximately 27%.

Given the significant complexity of the Act, anticipated guidance from the Internal Revenue Service about implementing the Act, the potential for additional guidance from the Securities and Exchange Commission or the Financial Accounting Standards Board related to the Act, and the Company’s ongoing analysis thereof, these estimates may be adjusted when the Company announces its financial results for 2017 and/or in future periods during 2018.

Cautionary Statement Regarding Forward-Looking Statements

This filing contains forward-looking statements. Statements that are not historical facts, including statements about beliefs or expectations, are forward-looking statements. These statements are based on plans, estimates and projections at the time the Company makes the statements and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as “may,” “will,” “should, “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and the Company cautions readers that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statement. Readers are cautioned not to place undue reliance on the forward-looking statements included in this filing, which speak only as of the date hereof. The Company does not undertake to update any of these statements in light of new information or future events.


About Genesee & Wyoming Inc. (NYSE:GWR)

Genesee & Wyoming Inc. owns and operates over 120 freight railroads across the world, which are organized in approximately 10 regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations. In the United States, the Company has over eight regions, such as Central, Coastal (which includes industrial switching and port operations), Midwest, Mountain West (which includes industrial switching operations), Northeast, Ohio Valley, Pacific and Southern. Outside the United States, the Company has approximately three regions, such as Canada (which includes a contiguous railroad located in the United States), Australia, and U.K./Europe (which consists of operations in Belgium, Germany, the Netherlands, Poland and the United Kingdom). The Company provides rail services at over 40 ports in North America, Australia and Europe and perform contract coal loading and railcar switching for industrial customers.

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