Progressive Railroading

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


View Current Digital Issue »


RAIL EMPLOYMENT



Rail News Home Financials

11/4/2005



Rail News: Financials

Trinity Industries increases third-quarter revenue by one-third


advertisement

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