Foundation Coal Holdings / FCL

About Foundation Coal Holdings

999 Corporate Blvd., Suite 300, Linthicum Heights, Md. 21090
www.foundationcoal.com | 410-689-7500 | Founded: 2004

Industry: Energy | Category: Public Companies

The company produced more than 69 million tons of coal last year. Demand from developing economies boosted coal prices in recent years, but the recession led to a 37 percent drop in the fourth quarter. Foundation idled three West Virginia mines. The company said in March that James F. Roberts, who helped lead Foundation through its initial public offering in 2004, is stepping down as chief executive in July and will be replaced by President Kurt D. Kost.

2008 Financial Data

Revenues: $1,690,130,000 | Net Income: $11,553,000
Asssets: $1,968,108,000 | Earnings Per Share: $0.25
Stockholder Equity: $224,360,000 | Annual Dividend: $0.20
Total employees: 3,083 | Local employees: 100