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Non-Tech : FreightCar America - RAIL -

RAIL 8.495

-7.2%

1:44 PM EDT

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To: Carey Thompson who wrote (36)	2/21/2008 10:23:30 AM
From: richardred	Read Replies (1) of 64

Competition American Railcar net up; plans venture with India's Amtek By Robert Daniel Last update: 3:50 a.m. EST Feb. 21, 2008 TEL AVIV (MarketWAtch) -- American Railcar Industries Inc., (ARII ARII) the St. Charles, Mo., railcar producer, reported fourth-quarter earnings rose 28% on 2.1% lower revenue and said it agreed to cooperate with Amtek to produce and sell railcars in India and Southeast Asia. Earnings reached $7.9 million, or 37 cents a share, from $6.1 million, or 29 cents, in the year-earlier period. A survey of three analysts by FactSet Research produced a consensus estimate of 25 cents a share for the quarter. Revenue slipped to $161.9 million from $165.3 million. American Railcar said it would form one or more 50-50 joint ventures with Amtek, the New Delhi manufacturer of automotive parts and assemblies. The companies hope to begin building a production plant in the second half of 2008, with output in India beginning in 2009. End of Story marketwatch.com

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