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Trinity Industries Q3 earnings: First Look

Prices improved while railcar deliveries declined

(Photo: Trinity Rail)

Third-quarter revenue declined but operating profit improved for railcar builder Trinity Industries.

Revenues were $799 million for the third quarter ended Sept. 30, down from $821 million in the year-ago quarter. 

The Dallas-based company (NYSE: TRN) said in an earnings release that lower deliveries of 4,360 railcars was partially offset by favorable pricing and more outside repair work.

Trinity took in orders for 1,810 new railcars.


Operating profit totaled $122 million, up from $100 million on improved railcar lease rates and improved efficiencies in the Rail Products Group.  

Net income rose to $37 million from $25 million.

Adjusted earnings per share was $.43, compared with $.26 a year ago.

The company forecast full-year earnings of $1.70-1.80 per share.


Find more articles by Stuart Chirls here.

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Stuart Chirls

Stuart Chirls is a journalist who has covered the full breadth of railroads, intermodal, container shipping, ports, supply chain and logistics for Railway Age, the Journal of Commerce and IANA. He has also staffed at S&P, McGraw-Hill, United Business Media, Advance Media, Tribune Co., The New York Times Co., and worked in supply chain with BASF, the world's largest chemical producer. Reach him at stuartchirls@firecrown.com.