trinity industries inc (TRN) Key Developments
Trinity Industries, Inc. Declares Quarterly Dividend Payable on January 30, 2015
Dec 11 14
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.
Trinity Industries Inc. Presents at Credit Suisse 2nd Annual Global Industrials Conference, Dec-03-2014
Nov 29 14
Trinity Industries Inc. Presents at Credit Suisse 2nd Annual Global Industrials Conference, Dec-03-2014 . Venue: Credit Suisse, One Madison Ave (between 23rd & 24th St.), New York, New York, United States. Speakers: Jessica L. Greiner, Director of Investor Relations.
GATX Corporation to Purchase Up to 8,950 Railcars from Trinity Industries, Inc
Nov 5 14
GATX Corporation has entered into an agreement with Trinity Industries Inc. to purchase up to 8,950 newly built railcars over a four-year period, beginning in March 2016. GATX may order both tank and freight cars, though the majority of the order will be for tank cars. The railcars will be manufactured by a subsidiary of Trinity Industries Inc. GATX's existing 12,500-car, five-year supply agreement with Trinity ends in mid-2016.
Trinity Industries Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014; Revises Earnings Guidance for 2014
Oct 28 14
Trinity Industries Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenues were $1,281.6 million against $904.7 million a year ago. Operating profit was $281.2 million against $205.6 million a year ago. Income before income taxes was $234.4 million against $160.9 million a year ago. Net income from continuing operations was $156.3 million or $0.90 diluted share against $105.8 million or $0.63 diluted share a year ago. Net income attributable to the company was $149.4 million or $0.90 diluted share against $99.6 million or $0.63 diluted share a year ago.
For the nine months, revenues were $4,508.6 million against $3,109.3 million a year ago. Operating profit was $974.5 million against $548.5 million a year ago. Income before income taxes was $837.4 million against $410.7 million a year ago. Net income from continuing operations was $562.9 million or $0.90 diluted share against $267.2 million or $0.63 diluted share a year ago. Net income attributable to the company was $540. million or $0.90 diluted share against $262.7 million or $0.63 diluted share a year ago. Net cash provided by operating activities was $332.6 million against $374.7 million a year ago. Capital expenditures - leasing, net of sold railcars was $170.4 million against $455.5 million a year ago. Capital expenditures - manufacturing and other was $170.0 million against $91.2 million a year ago.
For the fourth quarter of 2014, the company's earnings guidance is between $0.75 and $0.83 per common diluted share, which includes the impact from the Meyer acquisition.
For 2014, the company expects earnings guidance of between $4.08 and $4.16 per common diluted share compared to previous guidance of between $3.90 and $4.10 per share, which excluded any impact from Meyer. The company expects its cash flow generation to be strong. The company planning to invest $250 million to $300 million in manufacturing CapEx in 2014.
U.S. District Court for the Eastern District of Texas Returns a Verdict Against Trinity Industries in a False Claims Act Case
Oct 20 14
Earlier October 20, 2014 a jury in the U.S. District Court for the Eastern District of Texas returned a verdict against Trinity Industries Inc. in a False Claims Act case. The jury awarded $175 million in damages. The company respects the jury's decision. Trinity believes the decision cannot and will not withstand legal scrutiny. The Company strongly believes the courts will affirm its position.