Last $44.34 USD
Change Today +0.21 / 0.48%
Volume 1.3M
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

trinity industries inc (TRN) Key Developments

Trinity Industries Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-29-2014 01:05 PM

Trinity Industries Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-29-2014 01:05 PM. Venue: InterContinental Hotel, Boston, Massachusetts, United States.

Trinity Industries Inc. Declares Increase in its Quarterly Dividend, Payable July 31, 2014

Trinity Industries Inc. declared a 33% increase in its quarterly dividend. On a stock-split adjusted basis, the Company increased its quarterly dividend to 10 cents per share on its $1.00 par value common stock compared to the current, split-adjusted level of 7.5 cents per share. The quarterly cash dividend, representing Trinity's 201st consecutively paid dividend, is payable July 31, 2014 to stockholders of record on July 15, 2014.

Trinity Industries Inc. Declares Quarterly Dividend, Payable on July 31, 2014

Trinity Industries Inc. declared a 33% increase in its quarterly dividend. On a stock-split adjusted basis, the Company increased its quarterly dividend to 10 cents per share on its $1.00 par value common stock compared to the current, split-adjusted level of 7.5 cents per share. The quarterly cash dividend is payable July 31, 2014 to stockholders of record on July 15, 2014, and will be made on the new shares after the 2-for-1 stock split.

Trinity Industries Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter March 31, 2014; Provides Earnings Guidance for Fiscal 2014

Trinity Industries Inc. reported unaudited consolidated earnings results for the first quarter March 31, 2014. The company reported net income attributable to Trinity stockholders of $226.4 million, or $2.85 per common diluted share, for the first quarter ended March 31, 2014. Net income for the same quarter of 2013 was $79.1 million, or $0.99 per common diluted share, including $6.6 million, or $0.08 per common diluted share, from discontinued operations. Revenues for the first quarter of 2014 increased 57% to $1.5 billion compared to revenues of $932.9 million for the same quarter of 2013. First quarter 2014 results benefitted from a lower effective tax rate of 32.5% primarily due to certain domestic manufacturing tax deductions, lower state taxes, and the partnership tax status of the company's non-controlling interests. Operating profit from operations increased for the three months ended March 31, 2014 compared to the same period last year due to lease fleet growth, higher rental rates, and increased utilization. Net cash provided by operating activities was $205.3 million against $101.8 million a year ago. Capital expenditures – manufacturing and other was $49.1 million against $25.8 million a year ago. Income before income taxes was $345.8 million against $113.4 million a year ago. Revenues and profits increased primarily due to higher shipments of storage containers, serving the energy sector, coupled with improved performance on its wind tower business. The company anticipates earnings for the full year of 2014 of between $7.00 and $7.50 per common diluted share compared to its previous 2014 earnings guidance of between $6.30 and $7.00 per share. This compares to full year earnings per common diluted share of $4.75 in 2013. The company's guidance includes a tax rate of 34.0% for the remainder of the year.

Trinity Industries Inc. to Report Q1, 2014 Results on Apr 29, 2014

Trinity Industries Inc. announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on Apr 29, 2014

 

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Valuation TRN Industry Range
Price/Earnings 13.4x
Price/Sales 1.4x
Price/Book 2.6x
Price/Cash Flow 13.1x
TEV/Sales 0.6x
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