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TRN - Trinity Industries Inc News Story

$19.03 -1.1  -5.5%

Last Trade - 21/09/20

Sector
Industrials
Size
Mid Cap
Market Cap £1.85bn
Enterprise Value £5.67bn
Revenue £2.16bn
Position in Universe 1658th / 6392

BRIEF-Trinity Industries, Inc. Announces Second Quarter 2020 Results

Wed 22nd July, 2020 10:58pm
July 22 (Reuters) - Trinity Industries Inc  TRN.N :
    * TRINITY INDUSTRIES, INC. ANNOUNCES SECOND QUARTER 2020
RESULTS
    * Q2 ADJUSTED EARNINGS PER SHARE $0.02 EXCLUDING ITEMS
    * Q2 LOSS PER SHARE $1.76 FROM CONTINUING OPERATIONS
    * Q2 REVENUE $509 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$459.9
MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $0.10 -- REFINITIV IBES
DATA
    * TOTAL COMMITTED LIQUIDITY OF $709 MILLION AT END OF Q2
    * EXPECTS $303 MILLION IN FEDERAL INCOME TAX REFUNDS IN
2020, AND
AN ADDITIONAL $150 MILLION IN 2021
    * EXPECTS TO RECOGNIZE A PRE-TAX PENSION SETTLEMENT CHARGE
IN Q4
OF 2020 TOTALING BETWEEN $155 MILLION TO $185 MILLION
    * LIQUIDITY STAYED STRONG AT $709 MILLION AT QUARTER END
    * TRINITY INDUSTRIES - RECORDED PRE-TAX NON-CASH IMPAIRMENT
CHARGE
OF $369.4 MILLION, OR ABOUT $1.86 PER ADJUSTED DILUTED SHARE,
DURING Q2 ENDED JUNE 30

Source text for Eikon:  ID:nBw8DPY1Qa 
Further company coverage:  TRN.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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