-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R4fVRkr0cJB2ijnfTMJlcivC5nFyjfVWQfHeSzOStb56V7xrZEdyNhNq9/ssoFg7 5mAI8sJsidhSt/AKNhIhDA== 0000950134-01-504509.txt : 20010802 0000950134-01-504509.hdr.sgml : 20010802 ACCESSION NUMBER: 0000950134-01-504509 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010801 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRINITY INDUSTRIES INC CENTRAL INDEX KEY: 0000099780 STANDARD INDUSTRIAL CLASSIFICATION: RAILROAD EQUIPMENT [3743] IRS NUMBER: 750225040 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-06903 FILM NUMBER: 1694476 BUSINESS ADDRESS: STREET 1: 2525 STEMMONS FREEWAY CITY: DALLAS STATE: TX ZIP: 75207-2401 BUSINESS PHONE: 2146314420 FORMER COMPANY: FORMER CONFORMED NAME: TRINITY STEEL CO INC DATE OF NAME CHANGE: 19720407 8-K 1 d89424e8-k.txt FORM 8-K 1 - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities and Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): August 1, 2001 TRINITY INDUSTRIES, INC. (Exact name of Registrant as specified in its charter) Delaware 1-6903 75-0225040 (State of incorporation) (Commission File No.) (IRS Employer Identification No.) 2525 Stemmons Freeway, Dallas, Texas 75207-2401 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (214) 631-4420 - -------------------------------------------------------------------------------- 2 Item 5. Other Events On July 30, 2001, the Registrant issued a news release that reported its operating results for the first quarter ended June 30, 2001 and discussed the downturn in the current North American railcar market. Item 7. Exhibits (c) Exhibits Exhibit 99(1) - News release of Registrant dated July 30, 2001. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TRINITY INDUSTRIES, INC. Date: August 1, 2001 By: /s/ Michael G. Fortado ------------------------ Michael G. Fortado Vice President, General Counsel, and Secretary 4 EXHIBITS INDEX
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99(1) - News release of Registrant dated July 30, 2001.
EX-99.1 3 d89424ex99-1.txt PRESS RELEASE DATED JULY 30, 2001 1 EXHIBIT 99(1) NEWS RELEASE Contact: Neil Shoop Treasurer (214) 589-8561 FOR IMMEDIATE RELEASE TRINITY INDUSTRIES REPORTS OPERATING RESULTS FOR QUARTER ENDED JUNE 30, 2001 DALLAS July 30, 2001 - Trinity Industries, Inc., (NYSE:TRN) today reported financial results for the quarter ended June 30, 2001. For the first quarter ended June 30, 2001, the Company reported net income of $9.6 million, or 26 cents a diluted share, on revenues of $467.6 million. This compares with net income of $20.9 million, or 55 cents a diluted share, on revenues of $533.7 million in the first quarter of the prior fiscal year. The Company has elected to adopt Statement of Financial Accounting Standards No. 142 as of April 1, 2001 and, as a result, amortization of goodwill is not recorded in the financial statements for the quarter ended June 30, 2001. Amortization of goodwill included in the prior year quarter ended June 30, 2000 amounted to approximately $700 thousand before tax or approximately 1 cent per share. 2 "While the North American railcar market is still not showing signs of recovery, we are pleased our other businesses are seeing signs of improvement. We have good seasonal backlogs in our Construction Products Segment and our Inland Barge backlogs are continuing to improve," said Timothy R. Wallace, Trinity's Chairman, President and CEO. "We are continuing to reduce our overhead costs as our rail production decreases. The steps we have taken over the last several months allow us to stabilize our business as we continuously monitor the status of the industry's demand for railcars. We believe long-term this industry will return to more normal demand levels and we are positioned to respond quickly," Wallace said. Trinity Industries, Inc., with headquarters in Dallas, Texas, is one of the nation's leading diversified industrial companies. Trinity reports five principal business segments: the Railcar Segment, the Inland Barge Segment, the Parts & Services Segment, the Construction Products Segment, and the Industrial Products Segment. Trinity's web site may be accessed at http://www.trin.net. 3 This news release contains "forward looking statements" as defined by the Private Securities Litigation Reform Act of 1995 and includes statements as to expectations, intentions and predictions of future financial performance. Statements that are not historical facts are forward looking. Readers are directed to Trinity's Form 10-K and other SEC filings for a description of certain of the business issues and risks, a change in any of which could cause actual results or outcomes to differ materially from those expressed in the forward looking statements. Any forward looking statement speaks only as of the date on which such statement is made. Trinity undertakes no obligation to update any forward looking statement or statements to reflect events or circumstances after the date on which such statement is made. - TABLES TO FOLLOW - 4 Trinity Industries, Inc. Condensed Consolidated Income Statement (in millions, except per share amounts)
Three Months Ended June 30 ------------------------------ 2000 2001 ------------ ------------ Revenues $ 533.7 $ 467.6 Operating profit $ 37.5 $ 22.6 Other expense 4.9 6.9 ------------ ------------ Income before income taxes 32.6 15.7 Provision for income taxes 11.7 6.1 ------------ ------------ Net income $ 20.9 $ 9.6 ============ ============ Net income per common share: Basic $ 0.55 $ 0.26 ============ ============ Diluted $ 0.55 $ 0.26 ============ ============ Weighted average number of shares outstanding: Basic 38.1 37.0 Diluted 38.2 37.1
5 Trinity Industries, Inc. Condensed Segment Data (in millions) REVENUES:
Three Months Ended June 30 ------------------------------- 2000 2001 ------------ ------------ Railcar Segment $ 214.1 $ 169.2 Inland Barge Segment 51.6 49.6 Parts & Services Segment 87.5 70.9 Construction Products Segment 126.2 135.3 Industrial Products Segment 59.1 44.0 All Other 10.1 17.8 Less: Parts & Services Segment sales to other segments (14.9) (19.2) ------------ ------------ Total revenues $ 533.7 $ 467.6 ============ ============
OPERATING PROFIT (LOSS):
Three Months Ended June 30 ------------------------------- 2000 2001 ------------ ------------ Railcar Segment $ 12.2 $ 3.6 Inland Barge Segment 6.5 2.9 Parts & Services Segment 11.3 8.2 Construction Products Segment 15.9 15.7 Industrial Products Segment 1.7 0.4 All Other (3.8) (2.9) Eliminations & Corporate Items (6.3) (5.3) ------------ ------------ Consolidated $ 37.5 $ 22.6 ============ ============
6 Trinity Industries, Inc. Condensed Consolidated Balance Sheet (in millions)
End of End of Fiscal Year First Quarter March 31, 2001 June 30, 2001 -------------- ------------- Cash and equivalents $ 13.5 $ 11.2 Receivables and inventories 598.2 568.6 Property, plant and equipment, at cost 1,534.1 1,474.6 Less accumulated depreciation (541.7) (554.3) Other assets 221.8 226.2 ------------ ------------ $ 1,825.9 $ 1,726.3 ============ ============ Short-term debt and accounts payable and accrued liabilities $ 858.0 $ 746.3 Long-term debt 44.0 42.2 Deferred income taxes 7.1 20.1 Other liabilities 37.8 33.9 Stockholders' equity 879.0 883.8 ------------ ------------ $ 1,825.9 $ 1,726.3 ============ ============
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