Trinity Industries reported its earnings results for the fourth quarter and full year of 2018, including net income from continuing operations attributable to Trinity stockholders of $27.6 million for Q4.
Net income from continuing operations attributable to Trinity stockholders for the fourth quarter of 2017 was $530.4 million, or $3.37 per common diluted share, which included a one-time $3.03 per share benefit related to the Tax Act. Revenues for the fourth quarter of 2018 increased to $735.0 million compared with revenues of $615.4 million for the same quarter of 2017.
For the year ended December 31, 2018, the company reported net income from continuing operations attributable to Trinity stockholders of $105.2 million, or $0.70 per common diluted share. In 2017, the Company reported net income of $599.1 million, or $3.85 per common diluted share, which included a one-time $3.06 per share benefit related to the Tax Act. Revenues for the year ended December 31, 2018 were $2.5 billion compared to revenues of $2.4 billion in 2017.
The company also experienced the following highlights:
In the fourth quarter of 2018:
For the full year 2018:
“The year 2018 was an exciting and transformative year for Trinity Industries on a number of fronts, and our enthusiasm for long-term growth opportunities continues into 2019,” said Timothy R. Wallace, Trinity’s president, chairman and CEO. “The successful separation of Trinity into two public companies positions us to focus our resources on serving the railcar industry through the TrinityRail integrated platform of products and services.”
Headquartered in Dallas, Trinity Industries owns businesses that provide rail transportation products and services in North America and reports its financial results in three principal business segments: the Railcar Leasing and Management Services Group, the Rail Products Group and the All Other Group.
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