$TRN (Trinity Industries Inc.)

$TRN {{ '2016-04-22T14:00:18+0000' | timeago}} • Announcement

$TRN, focused on the industrial, energy, transportation & construction sectors, reported lower 1Q16 results, citing a deterioration in demand for a number of its products. The company reported earnings of $97.2MM, or $0.64 per share, for 1Q16, compared with earnings of $180.2MM, or $1.13 per share a year ago. Revenue fell 27% to $1.19Bil.

$TRN {{ '2017-12-12T16:52:24+0000' | timeago}} • Announcement

$TRN's BoD authorized a new $500MM share repurchase program, doubling the size of its existing authorization which expires on Dec. 31, 2017. The new program will be effective Jan. 1, 2018 through Dec. 31, 2019. Also, $TRN's BoD declared a quarterly dividend of 13 cents per share, payable on Jan. 31, 2018 to stockholders of record on Jan. 12.

$TRN {{ '2017-12-12T16:48:48+0000' | timeago}} • Announcement

$TRN's BoD unanimously approved a plan to pursue a spin-off of its infrastructure-related businesses to Trinity shareholders. The separation is planned as a tax-free spin-off transaction to its shareholders and is expected to be completed in 2H18. The transaction is expected to result in two separate public companies.

$TRN {{ '2017-10-02T16:20:32+0000' | timeago}} • Announcement

$TRN said that on Sept. 29, 2017, the United States Court of Appeals for the Fifth Circuit has ruled that Trinity Industries Inc. and Trinity Highway Products LLC did not commit fraud, reversing the District Court's $682.4MM False Claims Act judgment and rendering judgment for the company.

$TRN {{ '2017-05-01T21:49:49+0000' | timeago}} • Announcement

$TRN has declared an increase in its quarterly dividend to 13 cents per share on its $0.01 par value common stock. The new dividend reflects an increase of 18% compared to the most recent quarterly dividend of 11 cents per share. The dividend is payable July 31, 2017 to stockholders as on July 14, 2017.

$TRN {{ '2017-02-17T17:20:24+0000' | timeago}} • Webcast

$TRN said inquiries in the order levels are very weak currently as pricing pressure continues to impact the new railcar orders. The company said it is not seeing an improvement in new car orders, and at the moment, it is carefully focusing on its existing fleet of railcars.

$TRN {{ '2017-02-17T16:44:57+0000' | timeago}} • Webcast

For 2017, $TRN anticipates new railcar deliveries between 14,000 and 15,000 and an operating margin of 8% in the Rail Group. The company expects operating margin to decline in 2H17 due to the continued slowing of production and the mix and pricing of railcars in planned production schedule.

$TRN {{ '2017-02-17T16:33:25+0000' | timeago}} • Webcast

Railcar and barge maker $TRN added new leased railcars with a value of approx. $1Bil to its lease fleet in 2016. The company expects to add another $500-600MM of asset value in 2017. The company sold approx. $170MM of leased railcars to its railcar investment vehicle platform in 2016, and expects to sell another $300-400MM of assets in 2017.

$TRN {{ '2017-02-16T21:52:54+0000' | timeago}} • Announcement

For FY17, $TRN expects its diluted EPS to be between $1.00-1.35. The Rail Group expects FY17 deliveries of about 14,000-15,000 and sales of leased railcars is expected to be about $300-400MM.

$TRN {{ '2017-02-16T21:50:39+0000' | timeago}} • Announcement

During 4Q16, $TRN's Rail Group reported revenues of $816.4MM, compared to $1.13Bil during 4Q15. The decrease was mainly due to lower railcar deliveries and changes in product mix. Revenues of the Railcar Leasing and Management Services Group was $178.2MM, down from $372.7MM during 4Q15. The Inland Barge Group reported reduced revenues of $75MM.

$TRN {{ '2017-02-16T21:46:17+0000' | timeago}} • Announcement

Industrial services provider $TRN reported lower 4Q16 earnings, hurt due to no sales of leased railcars. The company's net income dropped to $67.6MM, or $0.44 per share, compared to $200MM, or $1.30 per share during 4Q15. Revenues during the quarter fell 27% YoY to $1.1Bil

$TRN {{ '2016-06-03T05:15:27+0000' | timeago}} • Announcement

Industrial services provider $TRN said it has appointed Relle Howard, previously VP of Information Technology at $FLS, as CIO and Brian Madison, previously EVP at KeyBank's Key Equipment Finance, as President of Trinity Industries Leasing Company. Also, Bryan Stevenson has been promoted to VP, Associate General Counsel and Secretary.

$TRN {{ '2016-05-26T11:00:16+0000' | timeago}} • Announcement

$TRN said its unit Trinity Structural Towers (TSTI) has received an order to manufacture $940MM of wind towers. TSTI expects to deliver the wind towers over a three-year period beginning in 2017. As of March 31, 2016, the backlog for wind towers was $263.4MM.

$TRN {{ '2016-04-22T18:52:34+0000' | timeago}} • Webcast

In 2016, $TRN expects to eliminate approx. $1.15Bil of revenues related to railcar sales to its leasing company and lease fleet maintenance. The company expects to defer approx. $215MM of operating profit. $TRN is maintaining its Energy Equipment guidance for 2016 revenues of approx. $1Bil with an operating margin of approx. 12%.

$TRN {{ '2016-04-22T18:48:31+0000' | timeago}} • Webcast

During 1Q16, $TRN's Rail Group received 1,620 new railcar orders, most of which are scheduled for shipment in 2016. The orders the company received represent a mix of tankers, hoppers, gondolas and flat cars. The company is focused on securing additional orders that extend production continuity and enable operating efficiencies.

$TRN {{ '2016-04-22T18:43:44+0000' | timeago}} • Webcast

$TRN said it expects its financial performance to decline from 2015 peak levels resulting from lower anticipated shipment levels, the shift in railcar product mix scheduled for delivery in 2016, and costs associated with the planned reduction in the production levels. The weak market fundamentals are also placing pressure on lease rates.

$TRN {{ '2016-04-22T18:33:20+0000' | timeago}} • Webcast

$TRN said that the Barge Group's 1Q16 performance reflects a continuation of weak demand market. Competitive market dynamics have resulted in reduced amount of operating profit vs. recent years. During 1Q16, the company closed of one of its four manufacturing facilities. The demand for dry cargo barges and liquid cargo barges remains weak.

$TRN {{ '2016-04-22T18:24:33+0000' | timeago}} • Webcast

$TRN's Energy Equipment group performed well during 1Q16 mainly due to the wind power business. The group's margin improved YoverY on slightly lower revenues. At the end of 1Q16, the wind tower backlog was $263MM providing good visibility of the company's planned production in 2016.

$TRN {{ '2016-04-22T18:21:54+0000' | timeago}} • Webcast

Diversified industrial company $TRN said that it focuses on cost containment, lean manufacturing and a variety of initiatives to enhance and grow the company. The company said that it intends to grow its own wholly-owned leased fleet of railcars this year. $TRN is flexible with respect to volume of railcars with leases it will sell to investors.

$TRN {{ '2016-04-22T14:07:10+0000' | timeago}} • Announcement

$TRN cut the upper end of its FY16 earnings outlook to between $2.00 and $2.30 per share from its prior guidance of between $2.00 and $2.40 per share as it expects revenue from its leased railcar business to fall to between $300MM and $400MM. The company had earlier projected a revenue of $500MM from the segment.

$TRN {{ '2016-04-22T14:00:18+0000' | timeago}} • Announcement

$TRN, focused on the industrial, energy, transportation & construction sectors, reported lower 1Q16 results, citing a deterioration in demand for a number of its products. The company reported earnings of $97.2MM, or $0.64 per share, for 1Q16, compared with earnings of $180.2MM, or $1.13 per share a year ago. Revenue fell 27% to $1.19Bil.

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