DALLAS--(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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Trinity Industries, Inc.
Investor Contact:
Jessica L.
Greiner, 214-631-4420
Director of Investor Relations
or
Media
Contact:
Jack Todd, 214-589-8909 or 214-589-2567
Vice
President, Public Affairs
Source: Trinity Industries, Inc.