Company Information

  

Address: 333 WASHINGTON STREET
SUITE 201 
City: JERSEY CITY 
State: NJ 
Zip Code: 07302 
Telephone: 212-863-9427 

Description of Business

Primary SIC Code: 4400
(As filed with the SEC)  

Rand was incorporated in the State of Delaware in 2004 as a blank check company. In 2006, we acquired all of the outstanding shares of capital stock of Lower Lakes Towing with its subsidiary Lower Lakes Transportation and its affiliate, Grand River. Subsequent to our acquisition of Lower Lakes Towing, Lower Lakes Transportation and Grand River, we acquired eleven additional vessels and we retired three vessels. On December 27, 2012, Lower Lakes Ship Repair Company Ltd. ("Lower Lakes Ship Repair"), a wholly-owned subsidiary of Lower Lakes Towing, was incorporated under the laws of Canada. Lower Lakes Ship Repair provides ship repair services exclusively to the Company. On March 11, 2014, Lower Lakes Towing (17) Ltd. ("Lower Lakes (17)"), a wholly-owned subsidiary of Lower Lakes Towing was incorporated under the laws of Canada. Lower Lakes (17) owned the M. V. Manitoulin, a vessel placed in service in November 2015, as further explained below.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2017-1.22NAN/E
03/2017-1.08NAN/E
12/2016-0.90NAN/E
09/2016-1.06NAN/E
06/2016-0.61NAN/E
03/2016-0.31NAN/E
12/2015-0.65NAN/E
09/2015-0.25NAN/E

Key Financial Ratios and Statistics

FYE: 03/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.20Total Liab/Total Assets0.92
Net Inc/Total Assets-0.07Total Liab/Inv Cap-1.30
Net Inc/Inv Cap0.10Total Liab/Comm Equity2.51
Pretax Inc/Net Sales-0.17Interest Coverage Ratio-0.01
Net Inc/Net Sales-0.16Curr Debt/Equity10.40
Cash Flow/Net Sales0.04LTD/EquityNA
SG&A/NetSales0.13Total Debt/Equity10.40
Asset Utilization   Liquidity  
Net Receivables Turnover33.51Quick Ratio0.05
Inventory TurnoverNACurrent Ratio0.05
Inventory Day SalesNANet Rec/Curr Assets0.39
Net Sales/Work Cap-0.54Inv/Curr AssetsNA
Net Sales/PP&E0.54  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 32.34 4.60 37.80 39.24
Cost of Goods Sold 19.70 8.91 22.25 22.13
Selling & Admin Exps 4.70 3.96 3.80 3.86
Operating Income 2.69 -13.67 5.21 7.59
Interest Exp 8.01 6.12 5.45 4.28
Pretax Income -5.32 -19.78 -0.22 3.31
Other Income 1.08 0.83 -0.34 0.54
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -5.11 -18.45 -0.19 3.00

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 1.04 0.34 0.31 0.41
Receivables - Total 15.78 4.15 15.98 12.83
Inventories - Total NA NA NA NA
Total Current Assets 23.51 10.69 22.18 19.89
Net Property, Plant & Equipment 222.84 214.05 211.27 218.05
Total Assets 272.82 248.60 254.52 259.89
Liabilities        
Accounts Payable 25.06 24.29 18.80 21.35
Debt in Current Liabilities 229.39 200.28 NA NA
Total Current Liabilities 254.86 224.97 19.04 21.74
Long-Term Debt NA 0.00 192.05 193.07
Total Liabilities 259.15 229.34 216.55 220.45
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 14.67 14.67 14.67 14.67
Common Stock 0.00 0.00 0.00 0.00
Retained Earnings -81.99 -76.41 -57.52 -56.90
Treasury Stock NA NA NA NA
Total Stockholders' Equity 13.67 19.26 37.97 39.44
Total Liabilities and Stockholders' Equity 272.82 248.60 254.52 259.89

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities -12.30 -3.16 3.47 13.62
Net Cash Provided by Investing Activities -10.75 -2.73 -1.04 -3.87
Net Cash Provided by Financing Activities 23.73 5.94 -2.20 -10.38

Annual Summary Data (Millions)

Year Sales Net Income EPS
03/2013156.64-3.82-0.39
03/2014155.80-4.51-0.44
03/2015152.96-9.42-0.59
03/2016148.44-4.23-0.31
03/2017115.45-18.23-1.08
Growth Rates-7.34----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17345,79731.11




Report Date : 10/16/2017

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