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TRINITY INDUSTRIES REPORTS RESULTS

 DALLAS, Jan. 19 /PRNewswire/ -- Trinity Industries, Inc. (NYSE: TRN) today reported an increase in net income of 81 percent for the third quarter and an increase in net income of 52 percent for the first nine months of its 1993 fiscal year.
 In the three months ended Dec. 31, 1992, revenues totalled $392.6 million. Net income of $12.3 million, or $0.53 primary and $0.51 fully diluted earnings per share, was recorded. In the nine month period, revenues were $1,151.1 million, and the Company recorded net income of $30.3 million, or $1.30 primary and $1.27 fully diluted earnings per share. In the prior year's comparable quarter restated for the acquisition of Syro Steel Company, net income of $6.8 million, or $0.30 earnings per share, was recorded on revenues of $322.3 million. For the restated first nine months of the prior fiscal year, net income of $19.9 million, or $0.87 earnings per share, was recorded on revenues of $972.4 million.
 Trinity's President W. Ray Wallace, stated that overall business conditions are improving for the company. Strategic actions taken in he 1980's in anticipation of improved market conditions appear to be producing desired results. The growing intensity in customers inquiries as they plan capital expenditures is encouraging. Orders, production and deliveries in the Railcar segment increased during the quarter resulting in improved operating profit. Trinity's marine products segment continued to perform well and has been responding to increased inquiries and orders. Construction products segment continues to integrate employees and assets of the Syro acquisition into the segment and is optimistic about improved prospects, including the contribution to be made by Syro, in the coming quarters.
 "There are numerous conditions that are positive for Trinity. National needs and the new administration's stated intent to improve the infrastructure will be beneficial to several segments. The likelihood of an increased fuel tax should make transportation by rail and barge favorable to trucking. The increasing stability of international markets should lead to greater Trinity product demand domestically and internationally. An investment tax credit should stimulate additional demand. We are encouraged by the improvement to date and are optimistic about the many favorable options available to Trinity in the future," Wallace said.
 Trinity Industries, based in Dallas, manufactures and markets a wide variety of metal products, principally in six business segments: Railcars, Containers, Construction Products, Marine Products, Metal Components, and Leasing.
 TRINITY INDUSTRIES, INC.
 Condensed Consolidated Income Statement
 (In millions, except per share data - Unaudited)
 Nine months ended Dec. 31 1992 1991
 (Restated)
 Revenues $1,151.1 $972.4
 Income before income taxes $ 48.6 $ 32.4
 Provision for income taxes $ 18.3 $ 12.5
 Net income $ 30.3 $ 19.9
 Primary income per common
 and common equivalent share $ 1.30 $ 0.87
 Fully diluted income per common
 and common equivalent share $ 1.27 $ 0.87
 Average number of common and
 common equivalent shares
 outstanding:
 Primary 23.3 22.8
 Fully diluted 26.3 25.7
 Three months ended Dec. 31 1992 1991
 (Restated)
 Revenues $392.6 $322.3
 Income before income taxes $ 19.7 $ 10.7
 Provision for income taxes $ 7.4 $ 3.9
 Net income $ 12.3 $ 6.8
 Primary income per common
 and common equivalent share $ 0.53 $ 0.30
 Fully diluted income per common
 and common equivalent share $ 0.51 $ 0.30
 Average number of common and
 common equivalent shares
 outstanding:
 Primary 23.3 22.8
 Fully diluted 26.3 25.7
 TRINITY INDUSTRIES, INC.
 Condensed Segment Data
 (In millions - Unaudited)
 Periods ended Nine months Three months
 Dec. 31 1992 1991 1992 1991
 Revenues: (Restated) (Restated)
 Railcars $ 375.6 $ 350.6 $ 134.9 $ 95.9
 Marine Products 319.8 202.7 104.5 79.8
 Construction Products 217.6 188.0 69.5 65.1
 Metal Components 71.9 71.9 24.9 24.1
 Containers 106.2 103.9 37.1 37.8
 Leasing 59.2 54.9 21.4 19.5
 Eliminations and
 corporate items 0.8 0.4 0.3 0.1
 Consolidated total $1,151.1 $ 972.4 $ 392.6 $ 322.3
 Periods ended Nine months Three months
 Dec. 31 1992 1991 1992 1991
 Operating profit (loss): (Restated) (Restated)
 Railcars $ 14.6 $ 13.8 $ 8.5 $ 0.5
 Marine Products 23.1 1.8 7.8 1.4
 Construction Products 18.2 15.7 5.0 6.2
 Metal Components 10.1 11.8 3.5 3.8
 Containers 11.7 10.6 3.7 3.9
 Leasing 5.4 6.3 3.5 3.4
 Eliminations and
 corporate items (32.2) (24.4) (11.6) (8.9)
 Consolidated total $ 50.9 $ 35.6 $ 20.4 $ 10.3
 -0- 1/19/93
 /CONTACT: F. Dean Phelps, vice president of Trinity Industries, Inc., 214-631-4420/
 (TRN)


CO: Trinity Industries, Inc. ST: Texas IN: MNG SU: ERN

SM -- NY075 -- 6463 01/19/93 14:53 EST
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Date:Jan 19, 1993
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