Ftai Infrastructure Inc
NASDAQ:FIP
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Ftai Infrastructure Inc
Ftai Infrastructure Inc is a US-based company operating in Road & Rail industry. The company is headquartered in New York City, New York and currently employs 600 full-time employees. The company went IPO on 2022-07-20. FTAI Infrastructure Inc. acquires, develops, and operates assets and businesses that represent critical infrastructure. The firm offers its services to customers in the transportation and energy industries. The firm targets assets that, on a combined basis, generate stable cash flows with the potential for earnings growth and asset appreciation. The firm is managed by Fortress Investment Group LLC, a diversified global investment firm.
Ftai Infrastructure Inc is a US-based company operating in Road & Rail industry. The company is headquartered in New York City, New York and currently employs 600 full-time employees. The company went IPO on 2022-07-20. FTAI Infrastructure Inc. acquires, develops, and operates assets and businesses that represent critical infrastructure. The firm offers its services to customers in the transportation and energy industries. The firm targets assets that, on a combined basis, generate stable cash flows with the potential for earnings growth and asset appreciation. The firm is managed by Fortress Investment Group LLC, a diversified global investment firm.
Strong Quarter: FTAI Infrastructure posted adjusted EBITDA of $70.9 million, up 55% from last quarter and nearly double year-over-year.
Transformative Rail Acquisition: Closed on Wheeling & Lake Erie Railway, with early results exceeding expectations and further growth expected once full control is obtained.
Robust Guidance: Company targets over $450 million annual adjusted EBITDA, with potential upside from ongoing projects and new business.
Segment Momentum: Rail and Long Ridge segments delivered strong growth, and upcoming contracts at Jefferson and Repauno are set to boost results.
Debt Refinance Plans: Management plans to refinance parent-level debt via a new bond issuance before year-end, aiming for a strong long-term balance sheet.
M&A and Cost Synergies: Management sees further M&A opportunities in rail and expects at least $20 million in annual cost savings from combining Wheeling and Transtar.