Trinity Industries reported profit in the fourth quarter of 2012 was $70.8 million, a 24.4 percent increase from $56.9 million in the fourth quarter of 2011.
Quarterly revenue was $1.0 billion, increasing 10.8 percent from $914.3 million in the same quarter in the previous year.
Trinity’s Rail Group received orders for 5,620 new railcars during the fourth quarter, increasing the backlog to 31,990 units with a value of $3.7 billion.
For the full year of 2012, profit was $253.7 million, jumping 74.1 percent from $145.7 million in 2011. Annual revenue rose 29.7 percent from $2.9 billion in 2011 to $3.8 billion in 2012. The Rail Group shipped 4,960 railcars during the fourth quarter and 19,360 railcars during 2012.
“I am pleased with our strong financial results for the fourth quarter and our overall performance during 2012,” said Timothy R. Wallace, Trinity’s chairman, CEO and president, in a written statement.
“During 2013, we will continue to invest resources to position our company to pursue opportunities for infrastructure-related products that support the growing needs in the energy, chemical, transportation and construction industries,” he added.