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TRINITY INDUSTRIES REPORTS RESULTS

 TRINITY INDUSTRIES REPORTS RESULTS
 DALLAS, May 13 /PRNewswire/ -- Trinity Industries, Inc.


(NYSE: TRN) today reported fiscal year revenues of $1.19 billion, and net income of $22.1 million, or $1.04 earnings per share for the year ended March 31, 1992. In the prior fiscal year, revenues of $1.26 billion and net income of $30.1 million, or $1.42 earnings per share, were recorded. In the fourth quarter, revenues totalling $287.0 million and net income of $4.9 million, or $0.23 earnings per share, was recorded. In the fourth quarter of the prior fiscal year, revenues were $300.9 million and net income of $4.4 million, or $0.21 earnings per share, was recorded.
 Trinity president, W. Ray Wallace, said, "Business conditions have shown signs of improving for most of Trinity's segments. While competition remains intense, Trinity is the leading low cost producer in its metal manufacturing and fabrication markets and able to serve its customers' demands with quality products.
 The long-term strategy of Trinity has been to expand through internal growth and strategic acquisitions in the company's metal manufacturing and fabricating business segments. This strategy requires an opportunistic outlook and a willingness to prepare for improved conditions at a future date. Trinity's marine products segment is an example of the dedication of employees, prudent investment in plant and equipment, and early participation in markets as they emerge.
 Trinity will continue to take advantage of opportunities in core business segments as they occur, and we are optimistic about Trinity's future."
 Trinity Industries, with headquarters in Dallas, manufactures and markets a wide variety of metal products, principally in six business segments: railcars, marine products, structural products, metal components, containers and leasing.
 TRINITY INDUSTRIES, INC.
 Condensed Consolidated Income Statement
 (in millions, except per share amounts)
 Fiscal Year Ended March 31
 1992 1991
 Revenues $ 1,192.3 $1,262.6
 Income before income taxes $ 36.3 $ 48.3
 Provision for income taxes $ 14.2 $ 18.2
 Net income $ 22.1 $ 30.1
 Net income per common and
 common equivalent share $ 1.04 $ 1.42
 Weighted average number of common
 and common equivalent shares
 outstanding 21.2 21.2
 Three Months Ended March 31
 1992 1991
 Revenues $ 287.0 $ 300.9
 Income before income taxes $ 8.1 $ 7.1
 Provision for income taxes $ 3.2 $ 2.7
 Net income $ 4.9 $ 4.4
 Net income per common and
 common equivalent share $ 0.23 $ 0.21
 Weighted average number of common
 and common equivalent shares
 outstanding 21.2 21.2
 TRINITY INDUSTRIES, INC.
 Condensed Segment Data
 (in millions)
 Revenues:
 Year Ended March 31 Quarter Ended March 31
 1992 1991 1992 1991
 Railcars $ 440.6 $ 581.4 $ 90.0 $ 125.7
 Marine Products 276.1 213.3 73.4 60.0
 Structural Products 165.5 156.1 44.6 36.5
 Metal Components 97.2 96.8 25.3 26.3
 Containers 139.6 147.3 35.7 35.5
 Leasing 72.8 67.4 17.9 16.8
 Eliminations and
 corporate items 0.5 0.3 0.1 0.1
 Consolidated total $1,192.3 $1,262.6 $ 287.0 $ 300.9
 Operating profit (loss):
 Year Ended March 31 Quarter Ended March 31
 1992 1991 1992 1991
 Railcars $ 12.7 $ 31.6 $ (1.1) $ 5.4
 Marine Products 5.5 (0.5) 3.7 0.3
 Structural Products 16.0 14.2 4.3 1.3
 Metal Components 15.4 17.6 3.6 4.2
 Containers 15.3 21.1 4.7 3.3
 Leasing 6.8 0.4 0.5 0.6
 Eliminations and
 corporate items (31.5) (27.9) (7.1) (6.6)
 Consolidated total $ 40.2 $ 56.5 $ 8.6 $ 8.5
 -0- 5/13/92
 /CONTACT: F. Dean Phelps, vice president of Trinity Industries, 214-689-0592/
 (TRN) CO: Trinity Industries, Inc. ST: Texas IN: MNG SU: ERN SB -- NY076 -- 9770 05/13/92 14:25 EDT
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Date:May 13, 1992
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