Trinity Industries reported its profit in the second quarter of 2013 was $88.2 million, improving from $67.5 million in the second quarter of 2012.
Quarterly revenue for the multi-industry company was $1.07 billion, up 7 percent from $995.5 million in the same quarter last year. The rail group reported quarterly revenue was $668.0 million, increasing 29 percent year-over-year, and revenue for the railcar leasing and management services group was $150.7 million, up from $132.0 million. The inland barge group recorded quarterly revenue of $150.0 million, down year-over-year from $173.9 million, and revenue from the energy equipment group was $152.5 million, increasing from $130.7 million. Furthermore, revenue from the construction products group was $154.5 million, compared with $123.9 million.
“As reflected by our consolidated results, Trinity maintained its positive momentum during the second quarter, and we expect this trend to continue throughout the year,” said Timothy R. Wallace, Trinity's chairman, CEO and president, in a written statement.
From January to June, Dallas-based Trinity Industries’ profit rose from $119.8 million in 2012 to $167.0 million in 2013. Revenue was $2.00 billion in the first half of 2013, versus $1.89 billion in the first six months of 2012.