Article: Foundation Coal Announces First Quarter 2008 Results.(Financial report)

Initiates 2009 Adjusted EBITDA Guidance of $500-$600 Million

LINTHICUM HEIGHTS, Md. -- Foundation Coal Holdings, Inc. (NYSE:FCL) today reported first quarter 2008 net income of $6.1 million or $0.13 per diluted share, compared to record first quarter net income of $24.6 million or $0.53 per diluted share in 2007. Excluding special items, net income was $8.9 million or $0.19 per diluted share, compared to $25.3 million or $0.54 per diluted share in the first quarter last year. Compared to the first quarter of 2007, net income excluding special items during the first quarter of 2008 primarily reflects the ramp-up of the second longwall at the Emerald Mine and the ...

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