2015 Annual Report
Total Page:16
File Type:pdf, Size:1020Kb
TRINITY INDUSTRIES, INC. 2015 ANNUAL REPORT 2015 ANNUAL REPORT 2525 N. Stemmons Freeway · Dallas, Texas 75207-2401 · 214.631.4420 · www.trin.net TRINITY’S BOARD OF DIRECTORS John L. Adams Leldon E. Echols Charles W. Matthews Dunia A. Shive Chairman, Retired Executive Vice President Retired Vice President Former Chief Executive Officer Group 1 Automotive, Inc. and Chief Financial Officer, and General Counsel, and President, TRINITY INDUSTRIES, INC. IS A DIVERSIFIED Centex Corporation Exxon Mobil Corporation Belo Corp. Rhys J. Best Former Chairman and CEO, Ronald J. Gafford Douglas L. Rock Timothy R. Wallace Lone Star Technologies, Inc. Retired Chairman, Chief Executive Retired Chairman, Chairman, Chief Executive Officer, Officer, and President, Chief Executive Officer, and President, INDUSTRIAL COMPANY THAT OWNS David W. Biegler Austin Industries, Inc. and President, Trinity Industries, Inc. Chairman, Smith International, Inc. Southcross Energy Partners, GP, LLC Adrian Lajous Senior Fellow, Antonio Carrillo Center on Global Energy Policy, MARKET-LEADING BUSINESSES PROVIDING Chief Executive Officer, Columbia University Mexichem S.A.B. de C.V. PRODUCTS AND SERVICES TO THE ENERGY, TRINITY’S CORPORATE OFFICERS Timothy R. Wallace S. Theis Rice W. Relle Howard Heather Perttula Randall TRANSPORTATION, CHEMICAL, AND Chairman, Chief Executive Officer, Senior Vice President Vice President, Vice President, and President and Chief Legal Officer Information Technology Legal Affairs and Chief Information Officer James E. Perry Scott C. Beasley Stephen W. Smith CONSTRUCTION SECTORS. Senior Vice President Vice President, John M. Lee Vice President and Chief Financial Officer Corporate Strategic Planning Vice President, and Chief Technical Officer Business Development Melendy E. Lovett Kathryn A. Collins Bryan P. Stevenson Senior Vice President Vice President, Steven L. McDowell Associate General Counsel and Chief Administrative Officer Human Resources Vice President and Secretary and Chief Audit Executive William A. McWhirter II Virginia C. Gray, Ph.D. Jack L. Todd Senior Vice President Vice President, Gail M. Peck Vice President, and Group President Organizational Development Vice President, Public Affairs Finance and Treasurer D. Stephen Menzies Mary E. Henderson Senior Vice President Vice President and Group President and Chief Accounting Officer TRINITY’S OPERATING EXECUTIVES Rail Executives Construction, Energy, Marine, Trinity Highway Products, LLC and Energy Trinity Marine Products, Inc. is a leading Trinity Structural Towers, Inc. is a leading Parts & Components Executives Absorption Systems, Inc. are leading manufacturer of inland barges and fiberglass manufacturer of structural wind towers manufacturers of highway products in D. Stephen Menzies Jared S. Richardson William A. McWhirter II Aubrey L. Jackson barge covers in the United States. in North America. Group President Vice President & General Counsel, Group President President, the United States. TrinityRail Trinity Meyer Utility Structures, LLC Eric R. Marchetto Reid S. Essl Executive Vice President Jeff L. Minyard Vice President David H. McGuire and Chief Financial Officer, Vice President, and Chief Financial Officer President, TrinityRail Human Resources, Trinity Containers, LLC TrinityRail Carl W. Campbell Paul E. Mauer President, Gregory B. Mitchell Executive Vice President, Jay Young Trinity Construction Materials, Inc. President, TrinityRail; President, Vice President, Trinity Highway Products, LLC TrinityRail Products, LLC Market Analysis & Development, Kerry S. Cole TrinityRail President, Luis A. Pardo Mark Van Cleave Trinity Structural Towers, Inc. President, Executive Vice President, Jesse V. Crews Trinity Industries de Mexico Industrial Sales & Leasing, Vice President and Chief Jesse E. Collins, Jr. TrinityRail Investment Officer, President, Patrick S. Wallace Trinity Industries Leasing Company Trinity Cryogenics, LLC Chairman, Mark A. Ramirez Trinity Parts & Components, LLC Chief Technology and Neil J. West Thomas M. Faherty Services Officer, President, President, Joseph E. Zylman TrinityRail TrinityRail Maintenance Services, Inc. Trinity Marine Products, Inc. President, Trinity Shoring Products, Inc. Trinity Meyer Utility Structures, LLC is a Robert W. Foster Richard J. Hunter McConway & Torley, LLC is a leading Standard Forged Products, LLC is a Executive Vice President, President, leading manufacturer in North America manufacturer of railcar coupling leading manufacturer of railcar axles in Development, Trinity Parts & Components, LLC of steel structures for electricity devices in North America. North America. TrinityRail transmission and distribution. Trinity’s businesses provide industrial products and services ranging from barges, storage and distribution containers, aggregates, and highway products to wind tower and utility structures, railcars, railcar parts, and railcar leasing, management, and maintenance services. Our businesses play an important role in the overall economy by supplying essential infrastructure-related products and services. Our vision is to be a premier, diversified industrial company that owns market-leading businesses which provide superior products and services to customers while generating high-quality earnings and returns for shareholders. We expect to accomplish this through: · the skills, talents, and integrity of our people, · the strength of our market-leading positions, Trinity’s railcar manufacturing and leasing companies, using the trade name · the depth of our operational capabilities, and TrinityRail®, are leading providers in North America of railcars, railcar leasing, · our commitment to excellence and continuous improvement. and comprehensive rail industry services. Trinity Construction Materials, Inc. is a leading producer and distributor of Trinity Containers, LLC is a leading Trinity Industries de Mexico, under the lightweight and natural aggregates to manufacturer of storage and distribution name TATSA®, is a leading manufacturer of the construction industry within the containers in North America. storage and distribution containers in Mexico. Western and Southwestern United States. TRINITY’S FIVE BUSINESS SEGMENTS Trinity’s corporate business model is built on the premise that we enrich companies we own by leveraging the strengths contained within our enterprise as a whole. TRINITY’S RAIL GROUP Trinity’s rail manufacturing companies serve a wide Trinity Tank Car, Inc. manufactures a full line of variety of industries ranging from energy and chemicals pressurized and non-pressurized tank railcars that to agriculture, automotive, and construction. transport products ranging from renewable fuels to food products, chemicals, petroleum products, and TrinityRail Products, Inc. provides engineering, liquefied gases. logistics, and administrative services to support the manufacturing of railcars. Trinity’s three railcar parts and components companies are Standard Forged Products, LLC, which manufactures Trinity North American Freight Car, Inc. manufactures railcar axles and large circular steel products; a full line of freight railcars that transport dry cargo McConway & Torley, LLC, which manufactures coupling products, including automobiles, grains, plastics, devices; and Trinity Parts & Components, LLC, which cement, industrial sand, coal, and steel products. manufactures railcar parts and components. TrinityRail Maintenance Services, Inc. provides a complete array of railcar maintenance services. TRINITY’S RAILCAR LEASING AND MANAGEMENT SERVICES GROUP Trinity’s Railcar Leasing and Management Services Sales and marketing activities for all of Trinity’s railcar Group provides railcar leasing and comprehensive rail manufacturing and leasing businesses are coordinated industry service options that enable customers to focus under the trade name TrinityRail, providing a single point on their core businesses. The group consists of Trinity of contact for customers seeking rail products, leasing, Industries Leasing Company (TILC), a leading provider and services. of railcar leasing and management services in North America, and its subsidiaries. TrinityRail Asset Management Company, LLC provides asset management and advisory services to institutional TILC offers a variety of railcar leasing alternatives on investors participating in Railcar Investment Vehicles new Trinity-manufactured railcars and railcars from (RIVs). RIVs are customized portfolios of leased railcars, TILC’s lease fleet. developed and managed by TrinityRail, for institutional investors who want to invest capital in leased railcars. 2 TRN 2015 ANNUAL REPORT TRINITY’S INLAND BARGE GROUP Trinity’s Inland Barge Group consists of Trinity Marine TMP is a leading U.S. manufacturer of fiberglass hopper Products, Inc. (TMP) and several proprietary product lines. barge covers, used primarily on grain barges. TMP is a leading U.S. manufacturer of barges Using the brand name Nabrico®, TMP provides a that transport dry and liquid cargoes on inland full line of deck hardware to the marine industry, waterways. TMP manufactures tank barges that carry including hatches, castings, and winches for petroleum and other refined products, chemicals, towboats and dock facilities. fertilizer, ethanol, and other liquid cargoes. TMP also manufactures dry cargo barges, including flat-deck and hopper barges that transport a variety of products, such as grain, coal, and aggregates. TRINITY’S ENERGY EQUIPMENT GROUP Trinity’s Energy Equipment Group includes companies Trinity Meyer Utility