American Railcar Industries, Inc. (ARII) Tops Q2 EPS by 31c

After the close, American Railcar Industries, Inc. (NASDAQ: ARII) reported Q2 EPS of $1.51, $0.31 better than the analyst estimate of $1.20. Revenue for the quarter came in at $237.5 million versus the consensus estimate of $206.77 million.

Record quarterly adjusted EBITDA of $60.2 million vs. prior year of $43.0 million - up 40%. 2,140 railcars shipped in Q2 2014

During the quarter the company received orders for 3,070 railcars, resulting in a backlog as of June 30, 2014 of approximately 9,530 railcars with an estimated value of $985.7 million. Of the total backlog, approximately 2,700, or 28%, were railcars subject to lease with an estimated market value of $322.5 million. Additionally, they have accepted orders for an additional 3,450 railcars during the month of July, consisting of both hopper and tank railcars.

"To further diversify our business, we remain committed to the growth of our lease fleet, and are evaluating opportunities within our repair network to increase capacity or expand to new locations to meet increasing demand for retrofits, tank certifications, and railcar maintenance. Our new Brookhaven, Mississippi repair plant is complete and will be operational during the third quarter of 2014, thus expanding our capacity for repair projects. Additionally, we are planning to begin expansion work on two of our existing repair plants later this year," Hollister added.

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

You May Also Be Interested In

• North American Construction (NOA) Tops Q2 EPS by 9c; Offers Guidance
• FGI Industries Ltd (FGI) Tops Q2 EPS by 59c
• SeaStar Medical (ICU) Misses Q1 EPS by 4c