American Commercial Lines Inc. (ACL) announced results for the second quarter ended June 30, 2007. Revenues for the quarter were $261.2 million, a 22.9% increase compared with $212.6 million for the second quarter of 2006. Net income for the quarter was $5.9 million or $0.09 per diluted share, compared to net income of $17.7 million or $0.28 per diluted share for the second quarter of 2006. Results for the quarter ended June 30, 2007 included after tax debt retirement expenses of $1.4 million on the replacement of the Company's previous revolving credit facility which reduced earnings per share by $0.02.
For the six months ended June 30, 2007 revenues were $489.5 million, a 19.4% increase compared with $410.1 million for the first six months of 2006. Net income for the six months was $4.8 million or $0.08 per diluted share, compared to net income of $28.9 million or $0.46 per diluted share for the first six months of 2006. Results for the first six months of 2007 included after tax debt retirement expenses totaling $14.9 million on the retirement of the Company's 9.5% senior notes and the Company's previous revolving credit facility which reduced earnings per share by $0.24.