American Commercial Lines (ACLI) Updates Certain Financial Results for Q2
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American Commercial Lines Inc. (Nasdaq: ACLI) announced certain expected financial results for the quarter ended June 30, 2009. EBITDA for the second quarter is expected to be in the range of $15.5 million to $18.5 million, compared to $27.7 million in the prior year quarter. EBITDA in the current quarter is expected to include the expense for non cash stock compensation of $1.9 million compared to $3.0 million in the prior year. ACL also expects total debt (exclusive of any proposed financing activities) to be in the range of $405 million to $415 million at June 30, 2009, compared to $446.5 million at June 30, 2008.
American Commercial Lines Inc. operates as a diversified inland marine transportation and service company in the United States. [SM]
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