Fortress Transportation (FTAI) Reports Q1 EPS of $0.10

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Go back to Fortress Transportation (FTAI) Reports Q1 EPS of $0.10

Fortress Transportation and Infrastructure Investors LLC Announces First Quarter 2015 Results

June 3, 2015 4:03 PM EDT

NEW YORK, June 3, 2015 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) (the "Company") today reported financial results as of and for the first quarter ended March 31, 2015. The Company's financial statements are attached as an exhibit to this press release.

Initial Public Offering

On May 20, 2015, FTAI closed its initial public offering of 20,000,000 common shares. The total gross proceeds of the offering were approximately $340 million. Of the proceeds, approximately $21.25 million was used to pay underwriting discounts and commissions. The Company intends to use the net proceeds from the... More