ACL Profit Grows
October 25, 2006
According to reports, American Commercial Lines Inc.'s third-quarter net income rose to $28.4 million, or 90 cents per share, from $3.5 million, or 15 cents per share, a year earlier.
Revenue rose to $266.6 million from $167.3 million.
Revenue from the transportation segment rose to $212 million from $145 million a year earlier, driven by increases in volume and pricing.
Revenue from the manufacturing segment rose to $54 million from $22 million on increased external builds and higher production levels.
For the first nine months of the year, net income rose to $57.3 million, or $1.83 per share, from $3.2 million, or 14 cents per share, during the same period last year.
Revenue for the period rose to $676.7 million from $489.4 million.
Source: Business First
Related News
Panama Canal in Talks with US LNG Producers to Increase Transit
US House Panel to Hold Hearing on Baltimore Bridge Collapse
Rule Change Aids US Mariners' Return to Sea
Authorities Identify Sixth Bridge Collapse Victim
Cambodia to Cut Shipping Through Vietnam by 70% With New China-funded Canal