This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Trinity Industries, Inc. Reports Third Quarter Results

Trinity Industries, Inc. (NYSE:TRN) today reported net income attributable to Trinity Industries’ stockholders of $31.9 million, or $0.40 per common diluted share for the third quarter ended September 30, 2011. Net income for the same quarter of 2010 was $29.7 million, or $0.37 per common diluted share. Revenues for the third quarter of 2011 were $796.8 million compared to revenues of $540.0 million for the same quarter of 2010. The Company reported an operating profit of $105.4 million in the third quarter of 2011 compared to an operating profit of $91.9 million for the same quarter last year. Included in the results for both periods are certain non-recurring items, which make year over year comparisons difficult.

“Our businesses are doing a good job of confronting a variety of scenarios. I am pleased with our accomplishments during the third quarter and our outlook is positive for the future in most of our businesses,” said Timothy R. Wallace, Trinity’s Chairman, CEO and President. “The order backlogs in both our North American railcar and barge businesses increased during the third quarter, providing a nice foundation for our 2012 planning activities. Our Rail Group is beginning to achieve increased operating leverage associated with strong revenue growth which should have a positive impact on earnings going forward. Our wind towers business is in the latter stages of transitioning production lines over to a larger wind tower, and we expect their performance will begin to show improvement.”

In the third quarter of 2011, the Rail Group reported revenues of $320.9 million and an operating profit of $18.2 million. This compares to revenues of $131.0 million and an operating profit of $3.3 million in the third quarter of 2010. The Rail Group shipped approximately 3,605 railcars and received orders for approximately 4,250 railcars during the third quarter. As of September 30, 2011, the Rail Group backlog grew to approximately $2.4 billion, representing approximately 27,885 railcars, compared to a backlog of approximately $2.2 billion as of June 30, 2011, representing approximately 27,240 railcars.

1 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs