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Rail News: Financials

Trinity increases revenue, boosts rail-car backlog in third quarter


During the third quarter, Trinity Industries Inc.’s rail-car backlog reached a record 32,200 units, up 2,800 units from the backlog on June 30 and 15,200 units from the backlog on Sept. 30, 2005.

The company also increased its lease fleet to 29,200 cars compared with 23,300 cars on Sept. 30, 2005, and received orders for 9,364 cars and delivered 6,546 cars.

Trinity reported gains in two financial categories, too. Third-quarter revenue rose 17 percent to $810.1 million and total earnings increased more than 50 percent to $50.8 million compared with similar 2005 data. During 2006’s first nine months, revenue jumped 20 percent to $2.4 billion and total earnings nearly tripled to $173.6 million.

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More News from 11/2/2006