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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (10841)	8/16/2005 10:27:08 AM
From: Galirayo	Respond to of 23958

[RAIL] Ken .. beats me. RAIL 10Q is out too. (snips) In the three months ended June 30, 2005, we delivered 3,383 new railcars, compared to our delivery of 1,596 new railcars in the three months ended June 30, 2004. Our total backlog of firm orders for new railcars almost doubled, increasing from 8,419 railcars as of June 30, 2004 to 15,867 railcars as of June 30, 2005. The backlog as of June 30, 2004 represented estimated sales of $540 million, while the backlog as of June 30, 2005 represents estimated sales of $1,063 million. Approximately 98% of our backlog as of June 30, 2005 consisted of coal-carrying railcars. Sales Our sales for the three months ended June 30, 2005 were $230.7 million as compared to $94.9 million for the three months ended June 30, 2004, representing an increase of $135.8 million. This increase was primarily due to our delivery of an additional 1,787 railcars, a 112% increase, in the three months ended June 30, 2005, compared to the same period in 2004. The increased volume of railcar deliveries reflects increased demand for our coal-carrying railcars. Deliveries of our BethGon II and AutoFlood III coal-carrying railcars comprised 86% of our total railcar deliveries for the three months ended June 30, 2005. Gross Profit Gross profit for the three months ended June 30, 2005 was $24.2 million as compared to $1.9 million for the three months ended June 30, 2004, representing an increase of $22.3 million. The gross profit margin for the three months ended June 30, 2005 was 10.5%, as compared to 2.0% for the comparable period in 2004. This increase was primarily due to our increased sales volume, an improved market pricing environment, and the impact of the pass-through of increases in raw material costs to our customers with respect to a substantial majority of our railcar deliveries. During the three months ended June 30, 2004, our gross profit was adversely impacted by higher manufacturing costs of approximately $3.8 million associated with increased material, labor and other costs related to a contract with TTX Company for box cars. For the three months ended June 30, 2005, we were able to pass on biz.yahoo.com