Trinity quarterly results decline on weaker car deliveries
Car builder Trinity Industries on Tuesday said revenue and profits declined on “significantly lower” railcar deliveries in the first quarter of 2017 compared to the year-ago quarter.
Trinity Industries
Trinity Industries reports good 4Q, 2014
Trinity Industries, Inc. released its fourth-quarter earnings late Wednesday, Feb. 18, 2015, which one Wall Street analyst defined as “solid” results.
Analysis: OPEC move tugs at railcar expectations
KeyBanc Capital Markets Inc. issued best- and worst-case scenarios for the freight railcar production market Thursday, Dec. 4, 2014, “[g]iven the dramatic share price volatility in the railcar space following OPEC’s decision last week.”
Railcar builder stocks tumble following PHMSA NPRM comment period
Shares of The Greenbrier Companies and Trinity Industries fell 10.2% and 7.7%, respectively, in afternoon trading on Wednesday, Oct. 1, 2014, one day after the deadline for final comments on the U.S. DOT Pipeline and Hazardous Materials Administration’s Notice of Proposed Rulemaking on tank cars carrying flammable liquids. Wall Street analysts attributed the stock plunge (which also affected American Railcar Industries, down 5.8%) to investor wariness over an “oil tank car rule fight.”
Trinity posts impressive 2Q 2014 financials
Riding high on a record backlog of freight car orders, Trinity Industries reported second-quarter earnings per common diluted share of $1.01—a 94% increase year-over-year—and quarterly revenue and net income of $1.5 billion and $164.2 million, respectively—year-over-year increases of 39% and 95%, respectively.
Analysts, legal and financial experts weigh in on DOT’s HHFT NPRM
The Notice of Proposed Rulemaking issued by the U.S. DOT for HHFTs (High-Hazard Flammable Trains) hauling crude oil and other commodities the DOT deems hazardous in tank cars has produced a flurry of commentary and analysis, with varied opinions.
Trinity Industries record 1Q beats Street
Trinity Industries on Tuesday, April 29, 2014, reported record net income of $226.4 million, or $2.85 per share, during its first quarter, up substantially from $79.1 million, or 99 cents per share, in the comparable quarter of 2013.
Trinity Industries 4Q beats Street
Dallas-based Trinity Industries late Wednesday, Feb. 19, 2014, reported fourth-quarter net income of $112.8 million, or $1.44 per share, up from $71.3 million, or 90 cents a share, in the comparable quarter of 2012. That beat Wall Street analyst consensus estimates of $1.41 per share by three cents.
Re-inventing the DOT 111
Railcar suppliers gear up to meet demand for safety-first tank cars.
Trinity Industries closes railcar sale
Dallas-based Trinity Industries, Inc. on Tuesday, Jan. 28, 2014 said it had closed the sale of the second tranche of leased railcars to Element Financial Corp., under the newly formed strategic railcar alliance announced last month.