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Rail News: Financials

Trinity Industries increases income, revenue in the second quarter


During the second quarter, Trinity Industries Inc. generated revenue of $731.3 million, a 33 percent increase compared with second-quarter 2004. The company’s quarterly net income of $21.8 million sextupled income from the same period last year and expenses dropped 12 percent to $7.7 million.

“All of our North American business segments were profitable during the second quarter, building on the momentum we established during the first quarter,” said Trinity Chairman, President and Chief Executive Officer Timothy Wallace in a prepared statement. “Productivity improvements implemented in our North American rail-car businesses are reflected in their increased earnings and our backlog increased slightly to approximately 17,500 units.”

During the year’s first half, Trinity’s revenue totaled $1.38 million, a 37 percent increase compared with the same 2004 period. The company reported net income of $27.8 million compared with a net loss of $7.2 million last year. In addition, quarterly expenses fell 15 percent to $16 million.

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More News from 8/5/2005