This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Trinity Industries, Inc. Reports Strong Second Quarter 2013 Results And Increases Full Year 2013 Earnings Guidance

Stocks in this article: TRN

Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the second quarter ended June 30, 2013, including the following significant highlights:

  • Second quarter earnings per share of $1.06, a 26% increase year-over-year
  • Anticipates full year 2013 earnings per common diluted share of between $4.20 and $4.40, compared to its previous full year 2013 earnings guidance of between $3.80 and $4.05
  • Rail Group receives orders for 5,000 new railcars during the second quarter, resulting in a backlog of 40,665 units with a value of $5.1 billion
  • Inland Barge Group receives orders with a value of $231 million, resulting in a backlog with a value of $564 million
  • Leasing Group forms new $1 billion railcar leasing joint venture, RIV 2013
  • Company repurchases approximately 1.3 million shares of its common stock during the quarter at a cost of $49.9 million
  • Available liquidity at the end of the second quarter in excess of $1.1 billion

Trinity Industries, Inc. reported net income attributable to Trinity stockholders of $84.0 million, or $1.06 per common diluted share, for the second quarter ended June 30, 2013. Net income for the same quarter of 2012 was $67.8 million, or $0.84 per common diluted share. Second quarter 2013 results benefitted from a lower effective tax rate of 34.6% compared to 37.1% last year due to tax benefits resulting from domestic production activities and the tax treatment of the Company's noncontrolling interests.

Revenues for the second quarter of 2013 increased 7% to $1.1 billion compared to revenues of $995.5 million for the same quarter of 2012. The Company reported an operating profit of $183.4 million in the second quarter of 2013, a 20% increase compared to an operating profit of $152.5 million for the same quarter last year.

1 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs