ACL Announces 4Q Results

Thursday, February 09, 2006
American Commercial Lines Inc. announced results for the fourth quarter and year ended December 31, 2005. Net sales for the quarter were $236.2 million, a 31 percent increase compared with $180.3 million for the fourth quarter of 2004. Net income for the quarter was $8.6 million or $0.28 per diluted share which included charges for the early retirement of debt of $7.3 million (net of tax) as a result of the Company’s initial public offering during the quarter, or $0.24 per diluted share, compared to net income of $78.3 million for the fourth quarter last year, which included an extraordinary gain on the discharge of debt of $155.4 million and bankruptcy related charges of $88.7 million. Net income for the fourth quarter of 2004 excluding these two items (a non-GAAP financial measure), would have been $11.6 million. ACL’s predecessor company was not a taxable entity in 2004.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Algeria in Talks to Export Crude to Venezuela

Algeria is in talks to export crude oil to fellow OPEC member Venezuela, Algerian Energy Minister Youcef Yousfi said on Tuesday, confirming a Reuters report. Last week,

New Shipping Agency Enters the Market

Newly formed shipping agency Wave Shipping aims to bring change to current industry practice with its differentiated value proposition Founded by Lars Rosenkrands,

Tankship-specific Version of FindaportCD Released

Harbour & terminal information providers, Shipping Guides Ltd, says its latest tanker-specific  addition enables customers to access the most comprehensive port

Finance

Norwegian to Buy Prestige Cruises in $3b Deal

Norwegian Cruise Line Holdings Ltd (NCLH.O) said it would buy Prestige Cruises International Inc from its owner Apollo Global Management LLC (APO.N) in a $3 billion

Master Fined After Wind Farm Collision

The master of a wind farm support vessel has today been made to pay £3,000 in fines and costs after pleading guilty to breaches of maritime collision regulations.

Statoil, DNV GL Drive Subsea Factory Interface Standardization

Statoil has entered into an agreement with DNV GL to establish an industrial cooperation to introduce an international industry standard for subsea process technology.

 
 
Maritime Contracts Navigation Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1053 sec (9 req/sec)