American Commercial Lines Announces Fourth Quarter Earnings Estimates; Company's Improved Earnings Reflect Return to Normal Operating Conditions.Business Editors JEFFERSONVILLE, Ind.--(BUSINESS WIRE)--Jan. 14, 2002 American Commercial Lines LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (ACL See access control list. 1. ACL - Access Control List. 2. ACL - Association for Computational Linguistics. 3. ACL - A Coroutine Language. A Pascal-based implementation of coroutines. ["Coroutines", C.D. ) today estimated earnings before interest, taxes, depreciation, and amortization Earnings before interest, taxes, depreciation, and amortization (EBITDA) A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. (EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become ) to be in a range of $46 to $50 million for the fourth quarter of 2001. During the same period in 2000, the Company's EBITDA was $31.7 million. Based on the expected range, ACL's fourth quarter EBITDA performance in 2001 represents more than a fifty-percent improvement compared with the same period in 2000. The Company's improved quarterly results over the same year ago period can largely be attributed to the return to normal river conditions, lower fuel prices, and the recovery of the U.S. grain market following last year's Stalink corn crisis. ACL expects to release its complete fourth quarter and fiscal year 2001 results during the third week of February. American Commercial Lines LLC is an integrated marine transportation and service company operating approximately 5,100 barges and 200 towboats on the inland waterways The list of waterways is a link page for any river, canal, estuary or firth. International waterways
Certain information in this press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions as to expectations, beliefs and plans involve known and unknown risks, uncertainties and other factors that may cause the actual results to materially differ from those considered by the forward-looking statements. Such factors are described in ACL's filings with the Securities and Exchange Commission. As a result, no assurances can be given as to future results, levels of activity and achievements. Any forward-looking statements speak only as of the date the statement was made. ACL undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. |
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