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Revenues for the quarter were $289.9 million, a 4.2% decrease compared with $302.5 million for the fourth quarter of 2007. Income from continuing operations for the quarter was $23.5 million or $0.47 per diluted share, compared to $23.6 million or $0.46 per diluted share for the fourth quarter of 2007. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) from continuing operations for the fourth quarter of 2008 was $56.0 million with an EBITDA margin of 19.3% compared to $54.5 million for the fourth quarter of 2007 with an EBITDA margin of 18.0%. The attachment to this press release reconciles net income to EBITDA.
Revenues for the year ended December 31, 2008 were $1,196.8 million, a 13.9% increase compared with $1,050.4 million for 2007 due primarily to higher transportation and manufacturing revenue. The increase is also due to revenues from companies acquired in late 2007 and early 2008. Income from continuing operations for the year ended December 31, 2008 was $47.5 million or $0.93 per diluted share, compared to $44.4 million or $0.77 per diluted share for 2007. For the year ended December 31, 2008, EBITDA from continuing operations was $155.8 million compared to $159.9 million for the year ended December 31, 2007.
The following information was filed by American Commercial Lines Inc. on Wednesday, March 4, 2009 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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