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Stock Market & Financial Investment News

News Breaks
February 10, 2014
13:46 EDTTRNTrinity Industries acquires Platinum Energy Services
Trinity Industries announced that it has acquired the assets of Platinum Energy Services through a newly formed subsidiary. Platinum, based in Alberta, Canada, manufactures and resells oil and gas process and storage equipment, including various types of containers, separators, and treaters used at the well-site and in midstream locations. The company operates out of two leased facilities in Calgary and one owned facility in Redcliff, Alberta. Initial annual revenues are expected to be in the range of approximately $40M-$45M. The assets and results of operations for the Platinum acquisition will be reflected in the Energy Equipment Group for financial reporting purposes.
News For TRN From The Last 14 Days
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July 30, 2014
11:16 EDTTRNTrinity Industries sees demand increasing due to new regulations
Comment made on Q2 results conference call.
July 29, 2014
18:35 EDTTRNOn The Fly: After Hours Movers
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16:32 EDTTRNTrinity Industries raises 2014 EPS outlook to $3.90-$4.10 from $3.50-$3.75
Consensus $3.76.
16:31 EDTTRNTrinity Industries reports Q2 EPS $1.01, consensus 77c
Reports Q2 revenue $1.5BM, consensus $1.35B. The company said, "Consolidated revenues increased 39% year-over-year and net earnings nearly doubled, outpacing revenue growth by a wide margin. The amount of operating leverage we obtained and the record $6.5 billion backlog in our major businesses at the end of the second quarter were impressive."
July 23, 2014
11:18 EDTTRNDoT proposes phase out of older DOT 111 tank cars for certain flammable liquids
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