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Rail News Home Railroading Supplier Spotlight

11/8/2011



Rail News: Railroading Supplier Spotlight

Updates from Koppers, Alstom, Greenbrier and Deetrak Supply


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• Koppers Holdings Inc. reported third-quarter 2011 net income of $22.4 million, or $1.08 per diluted share, compared with net income of $15.6 million, or 75 cents per share, in third-quarter 2010, according to a Koppers press release. Consolidated sales jumped 19 percent to $401 million, while sales for Railroad and Utility Products (R&UP) rose 15 percent to $135.6 million compared with the same period a year ago. R&UP sales increased due to “higher volumes and prices for crossties and incremental sales of rail joint bar products,” company officials said.

• Alstom booked $14 billion in orders in the first half of fiscal-year 2012 (April 1-Sept. 30), up 45 percent compared with the same period a year ago. Sales for the period fell 10 percent to $12.9 billion, “reflecting the low level of orders taken during the last economic downturn,” Alstom officials said in a prepared statement. Income from operations decreased to $863.6 million compared with a year ago.  Net income for the period was $500 million.

• The Greenbrier Cos. reported fourth-quarter 2011 net earnings of $12.6 million, or 42 cents per diluted share, compared with net earnings of $7.7 million, or 33 cents per diluted share, in fourth-quarter 2010. For the full year, net earnings were $6.5 million, or 24 cents per diluted share, compared with $4.3 million, or 21 cents per diluted share, in fiscal-year 2010. Revenue in the fourth-quarter jumped to a record $442.7 million, up from $178.8 million in the same period a year earlier. For the full year, revenue rose 54 percent to $1.2 billion, compared with $756 million last year.  New rail-car orders for 5,300 units were received during the quarter; orders for 19,500 units were received during the full fiscal year. Greenbrier’s new rail-car manufacturing backlog was 15,400 units as of Aug. 31.

• Deetrak Supply Co. recently named Danielle Kachulis president. She founded the company, which provides railroad materials and supplies for construction projects, in September.