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Today, Trinity Industries Inc. announced it’s increasing earnings estimates for the second quarter and full year. Quarterly earnings are expected to total between 35 cents and 42 cents per share, rising 10 cents compared with previous estimates; annual earnings will range of between $1.00 and $1.20 per share, also increasing a dime per share.

"I am pleased with the improved performance of our North American operations and the progress we have made in our production efficiencies," said Trinity Industries Chairman, President and Chief Executive Officer Timothy Wallace in a prepared statement. "At this time, we estimate that revenues will exceed $700 million during the second quarter."

Trinity Industries’ Rail Group builds freight cars; the company’s Railcar Leasing and Management Services Group leases cars.