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Rail News: Mechanical
Last week, Trinity Industries Inc. reported fourth-quarter revenue of $781.3 million, a 25 percent increase compared with fourth-quarter 2004 and quarterly record. The company also registered quarterly earnings of $25.4 million compared with a $3 million net loss in fourth-quarter 2004.
During the full year, Trinity increased revenue 32 percent to $2.9 billion and posted earnings of $86.3 million compared with a net loss of $9.3 million in 2004.
Rail-car deliveries totaled 5,918 units in the fourth quarter and 22,934 units in 2005 — the company’s highest annual total since 1999.
“Our revenues have more than doubled during the last two years and our margins have recovered,” said Trinity Chairman, President and Chief Executive Officer Timothy Wallace in a prepared statement. “In addition, Trinity [added] more than 5,250 new rail cars to its lease fleet, bringing the total number of cars to over 24,875 at year end.”
3/6/2006
Rail News: Mechanical
Trinity Industries sets quarterly revenue, full-year rail-car delivery records
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Last week, Trinity Industries Inc. reported fourth-quarter revenue of $781.3 million, a 25 percent increase compared with fourth-quarter 2004 and quarterly record. The company also registered quarterly earnings of $25.4 million compared with a $3 million net loss in fourth-quarter 2004.
During the full year, Trinity increased revenue 32 percent to $2.9 billion and posted earnings of $86.3 million compared with a net loss of $9.3 million in 2004.
Rail-car deliveries totaled 5,918 units in the fourth quarter and 22,934 units in 2005 — the company’s highest annual total since 1999.
“Our revenues have more than doubled during the last two years and our margins have recovered,” said Trinity Chairman, President and Chief Executive Officer Timothy Wallace in a prepared statement. “In addition, Trinity [added] more than 5,250 new rail cars to its lease fleet, bringing the total number of cars to over 24,875 at year end.”
