Rail Group orders for 4,865 railcars during the quarter brought the backlog to 31,330 units valued at a record $3.3 billion. A total of 4,145 railcars were shipped during the third quarter. Trinity anticipates full-year 2012 shipments of between 19,150 and 19,650 railcars.
Railcar Leasing and Management Services Group reported third-quarter operating profit from sales of railcars from the lease fleet of $21.3 million compared with $6.5 million in the same period last year.
Trinity Industries, Inc. reported net income attributable to Trinity stockholders of $63.2 million, or 80 cents per common diluted share, for the third quarter ended September 30, 2012. Net income for the same quarter of 2011 was $31.9 million, or 40 cents per common diluted share.
"I am pleased with our third quarter 2012 results, which represent the company's eighth consecutive quarter of combined year-over-year revenue and earnings growth," said Trinity Chairman, CEO, and President Timothy R. Wallace. "During the quarter, our portfolio of businesses performed well, especially those serving the North American oil, gas, and chemical industries."