American Railcar Industries expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

American Railcar Industries reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's revenues were $78.1 million and net earnings were $1.1 million or $0.05 per basic and diluted share. In comparison, for the three months ended September 30, 2008, revenues were $217.2 million and net earnings were $7.4 million or $0.35 per basic and diluted share. Revenues were lower than the same period of 2008 primarily due to lower railcar shipments due to decreased demand, partially offset by a change in product mix and an increase in revenues from the railcar services segment. EBITDA was $9.1 million compared to EBITDA of $20.3 million in the third quarter of 2008. The decrease in EBITDA and net earnings resulted primarily from decreased volume, as discussed above and an increase in joint venture losses, all partially offset by an increase in other income, and a decrease in selling, administrative and other costs. Earnings from operations were $2.3 million compared to $13.0 million a year ago. Loss before income tax expense was $0.13 million compared to earnings before income tax expense of $11.9 million a year ago. Adjusted EBITDA was $6.6 million compared to $18.7 million a year ago. For the nine months, the company's revenues were $345.0 million and net earnings were $5.0 million or $0.23 per share. In comparison, for the nine months ended September 30, 2008, revenues were $605.8 million and net earnings were $23.8 million or $1.12 per share. Revenues were lower in the nine months ended September 30, 2009 compared to the same period of 2008 primarily due to lower railcar shipments, partially offset by a change in product mix and an increase in revenues from the railcar services segment. EBITDA was $34.3 million compared to EBITDA of $61.9 million in the nine months ended September 30, 2008. The decrease in EBITDA and net earnings resulted primarily from decreased volume, as discussed above, an increase in joint venture losses and an increase in net interest expense, all partially offset by an increase in earnings from the railcar services segment and a decrease in selling, administrative and other costs. Earnings from operations were $18.8 million compared to $42.9 million a year ago. Earnings before income tax expense was $6.2 million compared to $38.2 million a year ago. Net cash provided by operating activities was $65.8 million compared to $14.6 million a year ago. Purchases of property, plant and equipment were $13.17 million compared to $31.16 million a year ago. Adjusted EBITDA was $32.1 million compared to $58.6 million a year ago.

American Railcar Industries, Q3 2009 Earnings Call, Nov-05 2009