Trinity reports strong tower orders

US President Barack Obama during a Trinity Industries plant visit.

President Obama during a Trinity Industries plant visit.

Trinity Industries in the second quarter received structural tower orders for utility-scale wind turbines totaling $213m, extending “production visibility” into 2016.

The company on 30 June had a $611.3m backlog for structural wind towers compared with $476.7m on 31 March.

The tower business is part of Trinity’s Energy Equipment Group that reported record $227.6m revenue in the second quarter versus $152.5m a year earlier.

Senior Vice President William McWhirter on a conference call says that wind tower shipments were higher during the second quarter and the segment had improved financial performance. He did not provide numbers.

He expects that the Energy Equipment Group this year to have an operating margin of 11.5% to 12.5%.

Trinity, based in Dallas, reported $164.2m, or $1.01 per share, net income in the second quarter, versus $84m, or 52 cents per share a year earlier.

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