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Stock Market & Financial Investment News

News Breaks
February 20, 2014
05:19 EDTARIIAmerican Railcar reports Q4 EPS ex-items $1.32, consensus $1.00
Reports Q4 revenue $197.2M, consensus $196.23M.
News For ARII From The Last 14 Days
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May 1, 2015
10:49 EDTARIIDOT reports rule to strengthen safe transportation of flammable liquids by rail
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April 30, 2015
15:35 EDTARIIAmerican Railcar upgraded to Buy from Hold at Standpoint Research
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10:31 EDTARIIAmerican Railcar says energy related lease rates have softened
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10:27 EDTARIIAmerican Railcar says lease fleet to exceed 10,000 railcars by 2015-end
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April 29, 2015
19:50 EDTARIIAmerican Railcar enters service agreement with Icahn's ACF Industries
In a regulatory filing, American Railcar (ARII) reports that on April 27, the company entered into a repair services and support agreement with ACF Industries, a company controlled by Carl Icahn, ARI's principal beneficial stockholder through Icahn Enterprises (IEP). ARI will provide sales, administrative, and technical services; materials and purchasing support; and engineering services to ACF to provide repair and retrofit services. Additionally, ARI will provide a non-exclusive license of certain intellectual property related to the railcar services. ARI will receive 30% of the net profits of the services related to all railcars not owned by ARL or its subsidiaries and 20% of the net profits related to those railcars that are owned by ARL, but will not absorb any losses incurred by ACF. ARI has the exclusive right to sales opportunities related to the services, except for any sales opportunity presented to ACF by American Railcar Leasing, a company controlled by Icahn, with respect to ARL-owned railcars. ARI also has the right to assign any sales opportunities related to the services to ACF, but ACF is not obligated to accept. The agreement terminates on December 31, 2020. Also on April 27, ARI entered into a parts purchasing and sale agreement with ACF. ARI and ACF may purchase from and sell to each other certain parts for railcars. ARI also will provide a non-exclusive license of certain intellectual property related to the manufacture and sale of parts to ARI.
19:09 EDTARIIOn The Fly: After Hours Movers
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16:55 EDTARIIAmerican Railcar reports Q1 EPS $1.64, consensus $1.29
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