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COPYRIGHT 2005 PR Newswire Association LLC
JEFFERSONVILLE, Ind., Oct. 31 /PRNewswire-FirstCall/ -- American Commercial Lines Inc. ("Company" or "ACL") announced today results for the three and nine month periods ended September 30, 2005. The results are the first reported since the company completed its Initial Public Offering (IPO) earlier this month. Revenue for the quarter was $175.9 million compared to $158.7 million for the same period last year. Net income for the quarter was $3.5 million or $0.15 per diluted share, compared to a net loss of $(1.5) million for the third quarter last year. For the nine months ended September 30, 2005, revenue was $505.2 million compared to $452.0 million for the same period last year. Net income for the nine months year to date totaled $3.2 million or $0.14 per diluted share, compared to a net loss of $(73.9) million for the same period last year. The loss during the nine months ended September 30, 2004 included $(51.2) million of reorganization charges.
Earnings before interest, taxes and depreciation (EBITDA) for the third quarter was $26.1 million compared to $25.0 million during the third quarter last year and was $68.0 million for the nine months year to date compared to $46.5 million during...
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