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Michael P Ryan News

26 Jun 2020

Partners Aim to Build Zero-emissions Ferries in Belfast

(Image: Artemis Technologies)

A Belfast Maritime Consortium led by Artemis Technologies has won a £33 million ($41 million) U.K. government innovation grant to develop zero emissions ferries in Northern Ireland’s capital. With further investment from consortium partners, the total project investment will reach close to £60 million ($74.6 million) over the next four years, creating an initial 125 research and development jobs, and leading to more than 1,000 in the region over the next 10 years.The 13 partner syndicate—which is a mix of established and young companies…

10 Feb 2010

ACL 2009 Q4 Results

American Commercial Lines Inc. (NASDAQ: ACLI) announced results for the fourth quarter and year ended December 31, 2009. Revenues for the quarter were $226.9 million, a 16.4% decrease compared with $271.6 million for the fourth quarter of 2008. The decrease in revenue in 2009 was primarily due to changes in the mix of commodities shipped by our transportation customers, decreased towing revenue, lower grain freight rates and lower fuel prices (which are generally passed through to our customers). Total ton-mile volume declined by 1.4% compared to the fourth quarter 2008. Income from continuing operations for the quarter was $14.2 million or $1.09 per diluted share, compared to $22.9 million or $1.81 per diluted share for the fourth quarter of 2008.

03 Nov 2009

ACL Reports Q3 Results

American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced results for the quarter and nine months ended September 30, 2009. Revenues for the quarter ended September 30, 2009 were $216.0 million, a 31.1% decrease compared with $313.7 million for the quarter ended September 30, 2008. The decrease in revenue was primarily due to changes in the mix of commodities shipped by our customers in the respective quarters into lower revenue commodities and to lower volume in the current year. The impact of lower fuel prices which contractually is passed through to our customers in the current year quarter also contributed to the decline in revenue and was partially offset by the increase in manufacturing segment's revenues in the quarter.

29 Apr 2009

ACL 1Q 2009 Results

American Commercial Lines Inc. (Nasdaq: ACLI) announced results for the first quarter ended March 31, 2009. Revenues for the quarter were $196.8 million, a 27.2% decrease compared with $270.5 million for the first quarter of 2008, as transportation revenue declined by 24.1% and manufacturing revenue fell 45% on fewer units sold. For the first quarter 2009, the company's net loss was $5.5 million or $0.11 per share compared to net income of $2.3 million or $0.05 per diluted share for the first quarter of 2008. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) for the first quarter of 2009 was $13.1 million with an EBITDA margin of 6.7% compared to $23 million for the first quarter of 2008 with an EBITDA margin of 8.5%.

05 Mar 2009

ACL 2008 4Q and Annual Results

American Commercial Lines Inc. (Nasdaq: ACLI) announced results for the fourth quarter and year ended December 31, 2008. Revenues for the quarter were $289.9m, a 4.2% decrease compared with $302.5m for the fourth quarter of 2007. Income from continuing operations for the quarter was $23.5m or $0.47 per diluted share, compared to $23.6m or $0.46 per diluted share for the fourth quarter of 2007. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) from continuing operations for the fourth quarter of 2008 was $56m with an EBITDA margin of 19.3% compared to $54.5m for the fourth quarter of 2007 with an EBITDA margin of 18.0%. The attachment to this press release reconciles net income to EBITDA.

07 Nov 2008

ACL 3Q Results

American Commercial Lines Inc. (Nasdaq: ACLI) ("ACL" or the "Company") announced results for the three and nine months ended September 30, 2008. Revenues for the quarter were $313.7 million, a 21% increase compared with $258.4 million for the third quarter of 2007. Income from continuing operations for the quarter was $18.4 million or $0.36 per diluted share, compared to $15.9 million or $0.30 per diluted share for the third quarter of 2007. Michael P. Ryan, President and Chief Executive Officer, stated, "The third quarter presented us with both challenges and opportunities. We again had multiple significant weather events, including two hurricanes, which limited our operating capabilities throughout the quarter.

17 Jun 2008

Interview: Michael P. Ryan, CEO, ACL

Michael P. Ryan, President and CEO, American Commercial Lines Inc.

Michael P. Ryan, President and CEO, American Commercial Lines Inc., shares with readers of MarineLink.com his insights on key market drivers for the coming year. What legislative/political issue do you count as the most important for the marine industry in the next few years? MR: Investment in transportation infrastructure presents an enormous opportunity for the marine industry and our nation. Thoughtful policy makers are embracing efforts to modernize the entire U.S. transportation infrastructure — including air, highways, rail and waterways.

13 Mar 2008

ACL to Present at Conference

American Commercial Lines Inc. (ACL ) announced that it will be a presenter at JP Morgan Aviation & Transportation Conference in on March 19, 2008. Michael P. Ryan, President and Chief Executive Officer will speak to the investment community at 3:30 pm EDT. The live audio webcast from the conference may be accessed on the JP Morgan Event Center website within 24 hours of the presentation. The presentation will be archived through June 17, 2008.

17 Nov 2005

ACL Announces New VP

American Commercial Lines Inc. announced the appointment of Michael P. Ryan as Senior Vice President Sales and Marketing. Mr. Ryan brings more than 24 years of combined experience in logistics sales, marketing and customer service. He spent approximately 20 years in sales and marketing positions of increasing responsibility while at Canadian National Railway Company and CSX Corporation, Inc. and was most recently Senior Vice President and General Manager of McCollister’s Transportation Systems. He has a Bachelor of Arts degree from State University of New York. Mr. Ryan replaces Mr. Martin Pepper who left to pursue other interests.