EX-99.1
2
ex99-1_031510.txt

                                                                    Exhibit 99.1

For Immediate Release
Monday, March 15, 2010

For further information contact
Richard J. Jarosinski
President and Chief Executive Officer
Portec Rail Products, Inc.
(412) 782-6000, ext. 4230

Press Release

Portec Rail  Products,  Inc.  Reports 2009 Fourth  Quarter and Annual  Operating
Results (unaudited)

PITTSBURGH,  PA - Monday,  March 15, 2010 - Portec Rail Products,  Inc.  (NASDAQ
Global Market  -"PRPX")  today  announced  unaudited net income of $1,443,000 or
$0.15 per share for the fourth  quarter ended  December 31, 2009,  and unaudited
net  income of  $6,805,000  or $0.71 per share for the year ended  December  31,
2009.  These amounts  compare to unaudited net income of $1,515,000 or $0.16 per
share for the fourth quarter ended December 31, 2008 and unaudited net income of
$7,779,000  or $0.81 per share for the year ended  December 31, 2008.  Per share
values are shown as average basic and diluted shares  outstanding of 9.6 million
for all periods.  Net sales during the fourth  quarter 2009 were $19.2  million,
compared to $24.3 million during the fourth quarter 2008. Net sales for the year
ended  December  31,  2009 were $92.2  million  compared  to net sales of $109.0
million for the year ended December 31, 2008.

Richard J. Jarosinski,  President and Chief Executive Officer, said, "We believe
that our  financial  results  for the  fourth  quarter  and full  year  2009 are
respectable,  considering  that we  continued  to operate in a very  challenging
economy.  During 2009, we succeeded in significantly  reducing  inventory levels
and generated good  operational  cash flow.  During the fourth quarter,  we also
recognized  income tax  benefits  of $0.02 per share  related  primarily  to the
recapture of research and development credits from prior years, and we continued
to benefit from a lower interest rate environment. We also developed new product
and service features for further  expansion of our friction  management  product
group and positioned the company in new markets like China."

Portec  Rail  Products,   Inc.,   headquartered  in  Pittsburgh,   Pennsylvania,
manufactures,  supplies  and  distributes  a broad range of  railroad  products,
including  rail joints,  rail anchors and spikes,  railway  friction  management
products,  railway wayside data collection and data management  systems and load
securement systems. The Company's largest business unit, the Railway Maintenance
Products  Division,  operates a manufacturing  and assembly plant in Huntington,
West Virginia,  an engineering  and assembly  facility in Dublin,  Ohio (Salient
Systems),  and is also  headquartered in Pittsburgh,  Pennsylvania.  The Company
also has two Canadian subsidiaries,  one of which is headquartered near Montreal
with a manufacturing  operation in St. Jean, Quebec and the other  headquartered
in Vancouver,  British Columbia that is a technology and manufacturing  facility
(Kelsan Technologies). In addition, the Company sells load securement systems to





the railroad  freight car market through its Shipping  Systems  Division located
near Chicago,  Illinois.  The Company manufactures railway products and material
handling  equipment in the United Kingdom with operations in Leicester,  England
and  Sheffield,  England.  Portec  Rail  Products,  Inc.'s  web site  address is
www.portecrail.com.

The  foregoing  information  contains  forward-looking  statements.  The Company
cautions  that such  statements  are subject to a number of  uncertainties.  The
Company  identifies  below  important  factors that could  affect the  Company's
financial  performance  and could cause the Company's  actual results for future
periods to differ  materially  from any opinions or  statements  expressed  with
respect  to  future  periods  in any  current  statements.  In  particular,  the
Company's  future  results  could be affected  by a variety of factors,  such as
customer demand for our products; competitive dynamics in the North American and
worldwide  railroad and railway supply industries;  capital  expenditures by the
railway  industry in North America and worldwide;  the development and retention
of  sales  representation  and  distribution   agreements  with  third  parties;
fluctuations  in the  cost  and  availability  of raw  materials  and  supplies;
currency  rate  fluctuations;  and exposure to pension  liabilities.  Additional
cautions regarding forward-looking statements are provided in the Company's Form
10-K for the year ended  December  31,  2008 and Form 10-Q for the period  ended
September  30,  2009  under  the  heading  "Cautionary   Statement  Relevant  to
Forward-looking  Statements."  Unaudited  information  at and for the year ended
December 31, 2009 is subject to  adjustment  as a result of the year-end  audit.
The Company does not undertake,  and specifically  disclaims,  any obligation to
update or revise any  forward-looking  statement,  whether written or oral, that
may be made from time to time by or on behalf of the Company.





         Portec Rail Products, Inc.
         Consolidated Statements of Income
         (In thousands, except share and per share data)

Three Months Ended Twelve Months Ended December 31, December 31, -------------------------------------------------------------- 2009 2008 2009 2008 -------------------------------------------------------------- (Unaudited) (Unaudited) (Audited) Net sales $ 19,242 $ 24,336 $ 92,221 $ 109,017 Cost of sales 12,197 16,305 60,871 73,445 -------------------------------------------------------------- Gross profit 7,045 8,031 31,350 35,572 Selling, general and administrative 5,355 5,368 21,626 22,635 Amortization expense 310 308 1,116 1,199 -------------------------------------------------------------- Operating income 1,380 2,355 8,608 11,738 Interest expense 81 165 298 805 Other (income) expense, net (108) (10) (191) (87) -------------------------------------------------------------- Income before income taxes 1,407 2,200 8,501 11,020 Provision (benefit) for income taxes (36) 685 1,696 3,241 -------------------------------------------------------------- Net income $ 1,443 $ 1,515 $ 6,805 $ 7,779 ============================================================== Earnings per share Basic and diluted $ 0.15 $ 0.16 $ 0.71 $ 0.81 Average basic and diluted shares outstanding 9,602,029 9,602,029 9,602,029 9,601,928 Consolidated Condensed Balance Sheets (In thousands) December 31, December 31, 2009 2008 -------------------- ------------------- (Unaudited) (Audited) Assets Current assets $ 48,267 $ 44,638 Property, plant and equipment, net 10,260 10,203 Goodwill and other intangibles, net 42,970 41,145 Other assets 1,045 837 -------------------- ------------------- Total assets $ 102,542 $ 96,823 ==================== =================== Liabilities and Shareholders' Equity Current liabilities $ 19,157 $ 20,832 Other liabilities and long-term debt obligations 17,637 17,815 Shareholders' equity 65,748 58,176 -------------------- ------------------- Total liabilities and shareholders' equity $ 102,542 $ 96,823 ==================== ===================

The following information was filed by Portec Rail Products Inc on Monday, March 15, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Portec Rail Products Inc's financial trajectory

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