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FreightCar America Inc. Message Board

  • chiantichrist13 chiantichrist13 Mar 29, 2012 9:15 PM Flag

    All Aboard! :-)

    RAIL was in trouble with the SEC for being late on its Annual Report.

    Well, it's out and the results are spectacular! Profits are up 10x!

    http://biz.yahoo.com/e/120329/rail10-k.html

    "Revenues

    Our consolidated revenues for the year ended December 31, 2011 were $487.0 million compared to $142.9 million for the year ended December 31, 2010. Manufacturing segment revenues for the year ended December 31, 2011 were $453.1 million compared to $126.0 million for the year ended December 31, 2010. The increase in Manufacturing segment revenues for 2011 compared to 2010 reflects a higher number of railcars delivered and higher average revenue per railcar. Our Manufacturing segment delivered 6,188 units (5,824 sold and 364 leased) for the year ended December 31, 2011, compared to deliveries of 2,229 units (2,079 sold and 150 leased) for the year ended December 31, 2010. Services segment revenues for the year ended December 31, 2011 were $33.9 million compared to $16.9 million for the year ended December 31, 2010. The increase in Services segment revenues for 2011 compared to 2010 reflects the inclusion of FCRS revenues for the full year of 2011 compared to 2010, which included FCRS revenues for two months, partially offset by lower parts sales.

    Gross Profit

    Our consolidated gross profit for the year ended December 31, 2011 was $31.9 million compared to $2.7 million for the year ended December 31, 2010, representing an increase of $29.2 million. The increase in our consolidated gross profit for 2011 compared to 2010 reflects an increase in gross profit from our Manufacturing segment of $29.6 million and a decrease in Corporate costs of $0.8 million, which were partially offset by a decrease in gross profit from our Services segment of $1.2 million. The increase in gross profit for our Manufacturing segment for 2011 compared to 2010 levels is due to a higher number of railcars delivered, higher average revenue per railcar and improved utilization of our manufacturing capacity during 2011. The decrease in gross profit for our Services segment for 2011 compared to 2010 levels reflects lower parts sales and parts sales mix differences. Our consolidated gross margin rate was 6.6% for the year ended December 31, 2011 compared to 1.9% for the year ended December 31, 2010. "

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29.01-0.40(-1.36%)Mar 27 4:00 PMEDT