American Railcar Industries (ARII) Tops Q2 EPS by 3c

American Railcar Industries (NASDAQ: ARII) reported Q2 EPS of $1.02, $0.03 better than the analyst estimate of $0.99. Revenue for the quarter came in at $150.5 million versus the consensus estimate of $147.37 million.

Jeff Hollister, President and CEO of ARI, commented, “We remain disciplined in executing our business strategy by maintaining our focus on efficiently manufacturing quality hopper and tank railcars, while supporting the growth of our railcar leasing and railcar services segments. We believe our Company is prepared to face the headwinds the industry is experiencing following record high demand for railcars over the last couple of years. Our experienced management team and employees are accustomed to the cyclical nature of the industry, and we remain close to our customers, adapting our business to meet their ever-evolving needs. Here at ARI, we continue to evaluate and act on opportunities to reduce costs and further enhance our business strategy, such as strategically adding railcars to our lease fleet and supporting capital projects that are expected to further increase the capabilities of our repair network, both of which are made possible by the strength of our balance sheet, strong earnings from operations, positive cash flow and availability under our revolving credit facility.”

For earnings history and earnings-related data on American Railcar Industries (ARII) click here.

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