Trinity Industries, Inc. announced financial and operating results for second-quarter 2020, and, like many in the industry, it navigated “significant headwinds related to the COVID-19 pandemic and economic fallout”—to the tune of a $206.9 million loss. Quarterly total company revenues of $509 million and quarterly loss from continuing operations per common diluted share (EPS) of $1.76 and quarterly adjusted EPS of $0.02.
Trinity Industries announced first-quarter 2020 total company revenues of $615.2 million; quarterly earnings from continuing operations per common diluted share (EPS) of $1.33, an increase of $1.09 year-over-year; and quarterly adjusted EPS of $0.11 and excludes $0.04 per share related to restructuring activities, $0.03 per share related to the early redemption of high coupon debt, and $1.29 per share related to the effects of the Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act).
Trinity Industries, Inc. announced earnings results for the first quarter ended March 31, 2020, which includes total revenues of $615.2 million and earnings from continuing operations per common diluted share (EPS) of $1.33, an increase of $1.09 year-over-year.
Trinity Industries, Inc. realigned responsibilities for some of its most senior executives, effective April 1, 2020. Specifically, Eric R. Marchetto has been appointed Chief Financial Officer, and W. Relle Howard, currently Vice President and Chief Administrative Officer, will return to his previous role as Chief Information Officer.
Trinity Industries, Inc. released its 4Q19 and full-year 2019 earnings, which show it saw quarterly total company revenues of $850.7 million, reflecting growth of 15.7% year-over-year, but also quarterly earnings from continuing operations per common diluted share (EPS) of $.18, a yearly decrease of 5%.
Cowen and Company recently released its Railcar Industry Forecast, which predicts 21% and 9% declines in deliveries and orders, respectively, this year.
Trinity Industries, Inc. recently named Gregg B. Mitchell the Chief Commercial Officer of TrinityRail.
Trinity Industries, Inc. recently announced earnings results for the third quarter ended September 30, 2019, which include “significantly improved” year-over-year growth in revenue, operating profit and earnings per share.
After 44 years at the company, Trinity Industries, Inc. President and CEO Timothy R. Wallace has announced his retirement. Wallace has agreed to continue in his current roles “for as long as necessary to facilitate a smooth transition,” the company said. “The Trinity Board is initiating a search to identify Mr. Wallace’s successor and will consider both internal and external candidates.”
Trinity Industries, Inc. recently announced that its subsidiary, TrinityRail Maintenance Services, Inc. (TRMS), has agreed to purchase land for the construction of a new maintenance facility in Shell Rock, Iowa.
