Record Earnings Per Share Increase
Third quarter earnings per share of $1.65, a 6% increase year-over-year.
Coastal Marine Transportation Success
Coastal marine transportation fundamentals remained strong with barge utilization in the mid- to high 90% range and operating margins around 20%.
Power Generation Revenue Surge
Power generation revenues were up 56% year-over-year, driven by demand from data centers and prime power customers.
Distribution and Services Segment Growth
The segment achieved a 12% increase in revenue and a 40% increase in operating income year-over-year.
Strong Free Cash Flow
Free cash flow improved to $160 million for the quarter with expectations to generate significant free cash flow in the fourth quarter.