The Inland Barge Group received orders of approximately $203 million.
Trinity reported second-quarter revenue growth of 45% and net income growth of 126% over second-quarter 2011 The company said it anticipates full -year 2012 earnings per common diluted share of between $2.95 and $3.10, compared to its previous full-year 2012 guidance of between $2.55 and $2.70.
“I am pleased with our accomplishments during the second quarter and the overall rate of growth we are experiencing in our company, both in terms of growing top-line and bottom-line results,” said Trinity Chairman, CEO, and President Timothy R. Wallace. “During the second half of 2012, we are repositioning a portion of our production capacity to meet the growing demand for products serving the oil, gas, and chemicals industries. These products are well- aligned with our core competencies. The repositioning will include, among other things, the conversion of certain facilities from manufacturing wind towers to railcars. These initiatives will enhance our ability to meet market demand and achieve additional operating leverage in the future. As we shift a portion of our production capacity to pursue these opportunities, there are multiple variables that can influence the timing of events pertaining to quarterly financial results. As a result, the earnings guidance we are providing is for the second half of 2012, rather than quarterly guidance.”