Arch Coal on Track for Record Profits in 2008, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — On October 27, Arch Coal Incorporated (NYSE:ACI) (St. Louis, Missouri) reported its profits for the third quarter of 2008. Because of a large number of acquisitions made in 2007, the company’s net income more than tripled year over year, from $27.3 million in 3Q07 to $97.8 million in 3Q08. “All operating regions contributed to this success,” said Chairman and CEO Steven Leer, “particularly central Appalachia, whose per-ton operating margin expanded nearly ninefold from the year-ago quarter.”
For details, view the entire article by subscribing to Industrial Info’s Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=140593, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to email@example.com or visit us at www.industrialinfo.com.
Related News Articles
Nucor Year-To-Date Profits Reach a Record $1.73 Billion on Rising Steel Prices and Smart Acquisitions
Steel Dynamics’ Profit Soars 92% Despite Steep Drop in Ferrous Scrap Prices
Pacific Northwest Region Schedules $92 Billion in Industrial Project Spending
Contact: Joe Govreau 713-783-5147
SOURCE: Industrial Info Resources