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Rail News: Financials

Trinity sets freight-car backlog record in fourth quarter


During the fourth quarter, Trinity Industries Inc.’s rail-car orders and lease fleet continued to expand. So did the company’s car backlog — to a record 35,930 units as of Dec. 31.

Trinity’s backlog increased by 3,700 cars compared with the backlog as of Sept. 30, 2006, and by 17,100 cars compared with the backlog at 2005’s end.

During the quarter, the company received orders for 10,093 cars and delivered 6,300 cars. Trinity’s lease fleet grew to 30,550 cars as of Dec. 31 compared with 24,900 cars a year earlier and 20,300 cars as of Dec. 31, 2004.

The company’s finances swelled in the quarter, too. Trinity’s revenue increased 15 percent to $835 million, net income more than doubled to $56.5 million and earnings from continuing operations rose more than 40 percent to $57.8 million compared with fourth-quarter 2005. For the year, revenue increased 19 percent to $3.2 billion and net income nearly tripled to $230.1 million.

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More News from 2/23/2007