Last $33.62 USD
Change Today -0.06 / -0.18%
Volume 2.3M
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As of 4:02 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

trinity industries inc (TRN) Key Developments

Trinity Industries Seeks Acquisitions

James Perry, Senior Vice President and Chief Financial Officer of Trinity Industries Inc. (NYSE:TRN) said that there is a pipeline of acquisitions that the company could pursue in the infrastructure space.

Trinity Industries Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Year 2015

Trinity Industries Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, revenues were $1,661.4 million against $1,256.0 million a year ago. Operating profit was $276.5 million against $224.4 million a year ago. Income before income taxes was $226.7 million against $179.8 million a year ago. Net income from continuing operations was $146.4 million or $0.86 diluted share against $118.9 million or $0.72 diluted share a year ago. Net income attributable to the company was $138.2 million or $0.86 diluted share against $112.8 million or $0.72 diluted share a year ago. Earnings from continuing operations before interest expense, income taxes, and depreciation and amortization expense was $351.8 million against $208.9 million a year ago. For the year, revenues were $6,170.0 million against $4,365.3 million a year ago. Operating profit was $1,251.0 million against $772.9 million a year ago. Income before income taxes was $1,064.1 million against $590.5 million a year ago. Net income from continuing operations was $709.3 million or $4.19 diluted share against $386.1 million or $2.34 diluted share a year ago. Net income attributable to the company was $678.2 million or $4.19 diluted share against $375.5 million or $2.38 diluted share a year ago. Net cash provided by operating activities was $819.2 million against $662.2 million a year ago. Capital expenditures - leasing, net of sold railcars was $245.3 million against $581.1 million a year ago. Capital expenditures - manufacturing and other was $219.3 million against $149.9 million a year ago. Earnings from continuing operations before interest expense, income taxes, and depreciation and amortization expense was $1,502.1 million against $989.3 million a year ago. For the full year of 2015, the company anticipates earnings per common diluted share of between $4.00 and $4.40 compared to full year earnings per common diluted share of $4.19 in 2014. The company expects the level of quarterly earnings per share in 2015 to be relatively consistent throughout the year. The company is assuming a tax rate of approximately 33.5%, though this rate could vary quarter to quarter. Net result of revenue guidance leads to an expectation of between $7.5 billion and $7.9 billion of gross revenues and $6.5 and $6.9 billion of net revenues for the year, representing net growth of between 5% and 10% as compared to 2014. As a reminder, first quarter 2014 results included $0.72 per common diluted share of earnings related to sales of new and existing leased railcars to Element. As a result, the company expects first quarter 2015 earnings per common diluted share to be below last year's level.

Trinity Industries Inc. to Report Q4, 2014 Results on Feb 18, 2015

Trinity Industries Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 18, 2015

Trinity Industries Inc., Q4 2014 Earnings Call, Feb 19, 2015

Trinity Industries Inc., Q4 2014 Earnings Call, Feb 19, 2015

Trinity Industries, Inc. Declares Quarterly Dividend Payable on January 30, 2015

Trinity Industries Inc. has declared a quarterly dividend of 10 cents per share on its $1.00 par value common stock. The quarterly cash dividend is payable January 30, 2015 to stockholders of record on January 15, 2015.

 

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TRN

Industry Average

Valuation TRN Industry Range
Price/Earnings 8.0x
Price/Sales 0.8x
Price/Book 1.7x
Price/Cash Flow 7.7x
TEV/Sales 0.0x
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