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Rail News: Financials

Trinity Industries increases third-quarter revenue by one-third


Trinity Industries Inc. recently reported third-quarter revenue of $724.2 million, a 31 percent increase compared with third-quarter 2004. Net income soared to $33.1 million compared with $900,000 during the same 2004 period and quarterly rail-car deliveries totaled 5,685 units.

"I am pleased our North American rail-car earnings continue to improve as a result of the cost saving measures we have in place and the efficiencies associated with long production runs," said Trinity Chairman, President and Chief Executive Officer Timothy Wallace in a prepared statement. "Our rail-car and barge businesses continued to book a steady level of orders."

During 2005’s first nine months, Trinity’s revenue totaled $2.1 billion, a 35 percent increase compared with the same 2004 period. The company earned net income of $60.9 million compared with a $6.3 million net loss during 2004’s first nine months.

Trinity’s nine-month results include pre-tax charges of $37.5 million for steel and related raw material cost increases associated with the rail and inland barge groups’ fixed-price contracts.

Contact Progressive Railroading editorial staff.

More News from 11/4/2005