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4-Traders Homepage  >  Equities  >  Nyse  >  Trinity Industries Inc    TRN

TRINITY INDUSTRIES INC (TRN)
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Trinity Industries : Announces Fifth Circuit Denies Petition for Rehearing En Banc in False Claims Act Case

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11/15/2017 | 09:21am CET

DALLAS - Trinity Industries, Inc. (NYSE:TRN) announces that earlier today the United States Court of Appeals for the Fifth Circuit, in a per curiam order, denied the Relator's Petition for Rehearing En Banc in Joshua Harman, on behalf of the United States of America, Plaintiff/Relator v. Trinity Industries, Inc. and Trinity Highway Products, LLC, Defendants.

The Company will continue to monitor any pursuit by the Relator of further appellate recourse in this matter.

Please refer to the Company's Note 18 to the financial statements in Trinity's Form 10-Q for the period ended September 30, 2017 for additional information about Joshua Harman, on behalf of the United States of America, Plaintiff/Relator v. Trinity Industries, Inc. and Trinity Highway Products, LLC, Defendants and the Company's other litigation.

Information from the FHWA pertaining to the ET Plus System may be found at:

http://www.fhwa.dot.gov/guardrailsafety/.

Additional facts and product information related to the ET Plus System may be found at:

www.etplusfacts.com.

COMPANY DESCRIPTION

Trinity Industries, Inc., headquartered in Dallas, Texas, is a diversified industrial company that owns complementary market-leading businesses providing products and services to the energy, chemical, agriculture, transportation, and construction sectors, among others. 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.

Trinity Highway Products, LLC is a subsidiary of Trinity Industries, Inc. 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.

Investor Contact:

Preston Bass

Director, Investor Relations

Trinity Industries, Inc.

214/631-4420

Media Contact:

Jack Todd

Vice President, Public Affairs

Trinity Industries, Inc.

214/589-8909

(C) 2017 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2017 3 788 M
EBIT 2017 547 M
Net income 2017 222 M
Debt 2017 2 219 M
Yield 2017 1,34%
P/E ratio 2017 26,04
P/E ratio 2018 29,33
EV / Sales 2017 2,05x
EV / Sales 2018 2,01x
Capitalization 5 564 M
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Trinity Industries Inc Technical Analysis Chart | TRN | US8965221091 | 4-Traders
Technical analysis trends TRINITY INDUSTRIES INC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 38,1 $
Spread / Average Target 4,0%
EPS Revisions
Managers
NameTitle
Timothy R. Wallace Chairman, President & Chief Executive Officer
James E. Perry Chief Financial Officer
Stephen W. Smith Chief Technical Officer & Vice President
David Wayne Biegler Independent Director
Ronald J. Gafford Independent Director
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