American Railcar Industries (ARII) Q4 Revenue Tops Views

American Railcar Industries (NASDAQ: ARII) reported Q4 EPS of $5.86, does not compare to the analyst estimate of $0.49. Revenue for the quarter came in at $132.4 million versus the consensus estimate of $121.54 million.

• This increase was driven primarily by the impact of the new Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act"), partially offset by decreased consolidated earnings from operations

Backlog

ARI’s backlog as of December 31, 2017 was 1,940 railcars, with an estimated market value of $172.6 million. Of the total backlog, we currently expect 389 railcars, or 20%, having an estimated market value of $39.8 million, will be placed into the Company's lease fleet. Subsequent to December 31, 2017, the Company received orders for approximately 2,000 railcars, primarily for direct sale for both tank and hopper railcars, which significantly increased the backlog from December 31, 2017. While inquiry levels have moderately improved recently, we expect 2018 industry shipments to be in line with 2017, consistent with industry forecasts. These orders received in early 2018 were for customers' delivery needs both in 2018 and 2019.

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

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