Trinity Industries (TRN) Tops Q2 EPS by 11c, Miss on Revenues; Boosts FY18 EPS Outlook
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Trinity Industries, Inc. Announces Second Quarter 2018 Results
July 25, 2018 4:15 PM EDTDALLAS--(BUSINESS WIRE)-- Trinity Industries, Inc. (NYSE: TRN) today announced earnings results for the second quarter ended June 30, 2018, including the following highlights:
Earnings per common diluted share improved to $0.43 compared with $0.33 in 2017 Adjusted earnings per common diluted share of $0.48, excluding $10.4 million, or $0.05 per share, of transaction costs incurred related to the planned spin-off of Arcosa, Inc. to Trinity stockholders Lower effective tax rate of 23.9% compared with 40.9% in 2017 due primarily to the Tax Cut and Jobs Act, increasing earnings per common diluted share by $0.10 year-over-year... More