Responding to market conditions
TRINITY INDUSTRIES: 'Our companies are responding well as economic conditions change', said Trinity Industries Chairman, CEO & President Timothy R Wallace, when the 2011 last quarter and full-year results were presented on February 15.
‘We continue to see consistent demand for railcars that resulted in a US$2·1bn increase in order backlog during 2011 for our railcar manufacturing companies. Our Rail Group achieved operating leverage associated with higher shipment volumes during the fourth quarter, while our Railcar Leasing & Management Services Group was successful in selling railcars from its lease fleet due to strong secondary market demand.’
Full-year revenues for 2011 totalled $3·08bn, up from $2·16bn in 2010, while net income was $142·2m, up from $67·4m. As of December 31 the Rail Group had orders for around 29000 wagons worth $2·6bn.l