Recent Earnings

Trinity Reports Record Q3 Revenues; Sells Railcars to Element

Trinity Industries reported Q3/14 revenues increased 41% to a record $1.56 billion. The company also announced it sold $132.2 million of railcars to Element Financial under its strategic alliance. read more

PACCAR Financial Delivers Q3 Performance Record

PACCAR Financial reported its Q3/14 pretax income achieved a record $96.9 million compared to $88.2 million a year earlier. PFS profit increased due to higher asset balances and excellent portfolio performance. read more

CIT Q3 Earnings More Than Double on Tax Benefit

CIT Group reported Q3/14 net income of %515 million, up from $200 million for the year-ago quarter. The company said the increase included a $375 million income tax benefit associated with a reversal of a valuation allowance. read more

TCF Reports YTD Profit up 34.5%; ‘Industry-Leading’ 4.60% Margin

TCF Financial reported its Q3/YTD net income of $150.2% million, up 34.5% from $111.7 million a year earlier. TCF said it’s maintaining an “industry-leading net interest margin of 4.60%.” read more

GATX YTD North American Rail Segment Profit Up 52%

GATX reported Rail North American segment Q3/14 and YTD profit of $70.6 million and $237.3 million, respectively was up 21.9% and 51.7% compared to the same periods in 2013. read more

Cat Financial Q3/14 Profit Up 26%, Volume Down 1%

Cat Financial reported Q3/14 profit was $148 million, a 26% increase from Q3/13. Retail new business volume reached $3.13 billion, a decrease of 1% from Q3/13 related to lower volume in mining. read more

Caterpillar Reports Q3/14 Profit Higher, Outlook Steady

Caterpillar announced Q3/14 sales and revenues were $13.549 billion, up from $13.423 billion in Q3/13. The company expects 2014 sales and revenues to be about $55 billion, the middle of the previous outlook range of $54 to $56 billion. read more

Gulfstream YTD Deliveries Top 2013

General Dynamics reported year-to-date Gulfstream deliveries of 217 aircraft, up from 211 units in 2013. The Aerospace segment, which includes Gulfstream, reported backlog of $12.1 billion compared to $13.8 billion a year earlier. read more

U.S. Bancorp Q3/14 Earnings Hold Steady

U.S. Bancorp reported net income of $1,471 million for the third quarter of 2014 compared with $1,468 million in the third quarter of 2013. Full year 2014 net income was $4.36 billion, down 0.4% from a year earlier. read more

Rush Enterprises Q3 Class 8 Truck Sales Up 68%

Rush Enterprises announced its Q3/14 Class 8 truck sales accounted for a record 7.4% of the U.S. market and increased by 68% over the same time period in 2013. read more

Regions Financial Q3/14 Earnings Up 7% Y/Y

Regions Financial announced Q3/14 net income available to common shareholders of $305 million, up 7.0% over its Q3/13 earnings of $285 million. read more

Textron Q3 Earnings Soar on Results at Aviation Unit

Textron reported Q3/14 earnings of $159 million, up 61% from $99 million a year earlier. The company noted that revenues at Textron Aviation were up $487 million reflecting the impact of the Beechcraft acquisition and higher jet deliveries. read more

SunTrust Higher Q3 Earnings Aided by Tax Benefit

SunTrust Banks reported Q3/14 net income of $563 million, up from $179 million in Q3/13. The bank said during the quarter the company recognized a $130 million tax benefit. read more

GE Capital Q3 Earnings Off 22%

GE announced its GE Capital Q3/14 segment profit was $1.492 billion, down 22% from $1.903 billion a year earlier. GE noted that its CLL unit segment earnings of $617 million were up 29% from $479 million a year earlier. read more

Fifth Third Q3 Earnings Off; Yield, Margins Down

Fifth Third reported Q3/14 net income of $328 million was down from $421 million a year earlier. The bank noted its Q3 Y/Y net interest margin and average interest-earning asset yield were down 21 BPs and 19 BPs, respectively. read more

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