Here is the 3q2006 earnings announcement for RAIL. Quarterly earnings increased to $36.8 million, or $2.88 per share, from $17 million, or $1.35 last year.
Also, near the bottom of the announcement is word of a contract RAIL signed with TXU to supply the utility with 7,650 aluminum coal cars. Very good news.
FreightCar 3Q Profit Leaps on Sales Gain
Thursday October 26, 9:33 am ET
FreightCar America 3rd-Quarter Earnings More Than Double As Sales Grow by About Half
CHICAGO (AP) -- Railroad car manufacturer FreightCar America Inc. on Thursday said its third-quarter earnings more than doubled as sales grew by about half.
Quarterly earnings attributable to common shareholders increased to $36.8 million, or $2.88 per share, from $17 million, or $1.35 per share during the same period last year.
Analysts polled by Thomson Financial forecast a profit of $2.76 per share.
Revenue rose by half, to $395.8 million from $263.4 million during the same period a year ago. Analysts forecast revenue of $360.7 million.
The company attributed its earnings improvement to higher volume, increased productivity and the pass-through to customers of increases in material costs.
The company also said on Thursday that it signed a contract to supply up to 7,650 aluminum coal cars to TXU Generation Development Co. LLC, a Dallas energy company.
FreightCar plans to deliver the cars in the second half of 2008 and through 2009. |
