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Trinity Industries (TRN) Tops Q3 EPS by 5c; Guides In-Line

October 28, 2014 4:11 PM

Trinity Industries (NYSE: TRN) reported Q3 EPS of $0.90, $0.05 better than the analyst estimate of $0.85. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.5 billion.

Trinity Industries sees FY2014 EPS of $4.08-$4.16, versus the consensus of $4.15.

“During the third quarter, Trinity generated record revenues and its 17th consecutive quarter of year-over-year growth in net earnings," said Timothy R. Wallace, Trinity’s Chairman, CEO and President. "Our major businesses reported a record combined backlog valued at more than $7.1 billion at the end of the third quarter, representing 15% growth year-over-year. I continue to be impressed with our team of people and the amount of operating leverage they are obtaining. Their capabilities and hard work have enabled us to realign our manufacturing capacity to meet strong demand for our products and services that support the North American energy renaissance.”

Mr. Wallace added, “In addition to reporting strong financial results during the quarter, we made continued progress toward achieving our vision of being a premier, diversified industrial company. This progress is demonstrated by the more than $700 million we have committed to acquisitions in our Energy Equipment Group thus far in 2014. The integration of Meyer Steel Structures, which closed in August, is progressing smoothly."

For earnings history and earnings-related data on Trinity Industries (TRN) click here.

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Earnings Guidance Management Comments