Trinity Industries, Inc. Announces New $940 Million Wind Tower Order
May 25 2016 - 4:15PM
Business Wire
Today, Trinity Industries, Inc. (NYSE: TRN) announced that its
wholly-owned subsidiary, Trinity Structural Towers, Inc. (“TSTI”),
has received an order to manufacture $940 million of wind towers.
TSTI expects to deliver the wind towers over a three-year period
beginning in 2017.
“We are pleased to be awarded this long-term order that extends
the backlog for our wind towers business through 2019,” said
William A. McWhirter II, Trinity’s Senior Vice President and Group
President. “The talent and dedicated efforts of our business
leadership team was instrumental in obtaining this attractive
order.”
“TSTI’s employees exemplify the spirit of Trinity Craftmanship,
which is at the core of everything we do,” said Kerry S. Cole,
Trinity Structural Towers’ President. “We are extremely proud of
our industry-leading position and the superior products and
services our TSTI team delivers each and every day.”
Results for the Company’s wind towers business are reported in
the Energy Equipment Group. As of March 31, 2016, the backlog for
wind towers was $263.4 million.
Trinity Industries, Inc., headquartered in Dallas, Texas, is a
diversified industrial company that owns market-leading businesses,
which provide products and services to the energy, transportation,
chemical, and construction sectors. Trinity reports its financial
results in five principal business segments: the Rail Group, the
Railcar Leasing and Management Services Group, the Inland Barge
Group, the Construction Products Group, and the Energy Equipment
Group. For more information, visit: www.trin.net.
Some statements in this release, which are not historical facts,
are “forward-looking statements” as defined by the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements about Trinity's estimates,
expectations, beliefs, intentions or strategies for the future, and
the assumptions underlying these forward-looking statements.
Trinity uses the words “anticipates,” “believes,” “estimates,”
“expects,” “intends,” “forecasts,” “may,” “will,” “should,”
“guidance” and similar expressions to identify these
forward-looking statements. Forward-looking statements involve
risks and uncertainties that could cause actual results to differ
materially from historical experience or our present expectations.
For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see “Risk Factors” and “Forward-Looking
Statements” in the Company's Annual Report on Form 10-K for the
most recent fiscal year.
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version on businesswire.com: http://www.businesswire.com/news/home/20160525006400/en/
Trinity Industries, Inc.Investor Contact:Jessica L.
Greiner, 214-631-4420Director of Investor RelationsorMedia
Contact:Jack Todd, 214-589-8909 or 214-589-2567Vice President,
Public Affairs
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