Trinity Industries

Trinity Industries spun off its "blue water" shipyards in 1997 as Halter Marine Group.  It retained its "brown water" shipyards as its Marine Products Division.  This group of yards has since been pared down to just four operations and is now described as its Inland Barge Group.  Trinity's fiscal year ended on March 31 until 2001, when it was changed to December 31.  In the table below, the column headed 2001 A presents the data for the twelve months ending March 31, while the column headed 2001 B presents the data for the nine months from April 1, through December 31, 2001.

  1998 1999 2000 2001 A 2001 B 2002 2003 2004 2005 2006 2007
  mm USD mm USD mm USD mm USD mm USD mm USD mm USD mm USD mm USD mm USD mm USD
Net Sales 2,473 2,927 2,741 1,904 1,348 1,487 1,433 2,198 2,902 3,219 3,833
Operating Margin 256 285 279 (66) (16) 11 13 14 170 383 513
Operating Margin (%) 10.4% 9.7% 10.2% (3.5%) (1.2%) 0.7% 0.9% 0.6% 5.9% 11.9% 13.4%
Net Income 104 185 165 (74) (35) (20) (12) (12) 86 230 293
Net Income (%) 4.2% 6.3% 6.0% (3.9%) (2.6%) (1.3%) (0.8%) (0.5%) 3.0% 7.1% 7.6%
Total Assets 1,574 1,685 1,738 1,826 1,952 1,956 2,008 2,210 2,586 3,426 4,043
Stockholders' Equity 887 959 1,015 879 1,009 1,002 1,004 1,013 1,114 1,403 1,727
Property, Plant and Eqpt.   732 813 992 879 947 945 811 1,121 1,590 2,070
Depreciation 73 72 80 89 66 91 86 87 89 88 119
Capital Expenditure 129 208 174 350 133 172 285 298 436 661 894
Employees     20,600 15,300 15,300 11,810 13,104 14,217 15,224 13,800 14,400
Net Sales/Employee     133,000 124,000 88,000 126,000 109,000 155,000 191,000 233,000 266,000
Shipbuilding Unit Trinity's Inland Barge Group
Net Sales 335 196 205 203 148 212 171 210 241 371 493
Operating Margin 31 13 27 16 10 5 (5) (15) 16 44 73
Operating Margin (%) 9.4% 6.8% 13.0% 7.9% 6.7% 2.2% (2.8%) (7.0%) 6.5% 12.0% 14.7%
Total Assets 101 75 64 77 86 71 66 65 77 101 116
Depreciation 7 6 5 4 3 3 3 3 3 3 4
Capital Expenditure 2 1 1