ARI

ARI reports second quarter results

American Railcar Industries, Inc. (ARI) reported in the second quarter 2016, decreased revenues in the manufacturing segment were partially offset by increased revenues in the railcar leasing and railcar services segments. Total consolidated revenues were $150.5 million for the second quarter of 2016, a decrease of 22% when compared to $192.0 million for the same period in 2015.

Greenbrier plus ARI: Let the games begin

The Greenbrier Companies, one of only a handful of remaining domestic railcar manufacturing companies, late yesterday said that Carl Icahn’s current attempt to have American Railcar Industries (ARI), of which he is majority shareholder, acquire Greenbrier (in which he also has a stake) “grossly undervalues the company and is not in the best interests of Greenbrier stockholders.”