Trans-Industries Reports First-Quarter Results

Apr 25, 2001, 01:00 ET from Trans-Industries, Inc.

    ROCHESTER HILLS, Mich., April 25 /PRNewswire/ -- Trans-Industries, Inc.
 (Nasdaq:   TRNI), a leading niche manufacturer of bus interior lighting and
 window products, electronic information systems and software plus related
 components for the mass transit and highway markets, today announced results
 for the first quarter ended March 31, 2001.
     Sales for the first quarter of 2001 were $10.7 million compared with
 $11.6 million in the first quarter of 2000.  A net loss of $64,556, or
 $0.02 per share, was recorded in the first quarter of 2001.  The same period a
 year ago, the company reported a net loss of $115,562, or $0.04 per share.
     Dale S. Coenen, Trans-Industries President and Chief Executive Officer,
 observed, "As I wrote in the annual report letter to shareholders, we are in
 the process of building a stronger company through a broader, more
 sophisticated product and service base.  As part of this process,
 consolidation of our U.K. operations is underway."
 
     Annual Meeting of Shareholders
     Trans-Industries will hold the company's Annual Meeting of Shareholders at
 11:00 a.m. Eastern Time on Wednesday, May 16, 2001 at the Auburn Hills Hilton
 Suites in Auburn Hills, Michigan.  For more information, please contact
 Mr. Kai Kosanke, Chief Financial Officer, at (248) 852-1990.
     Trans-Industries is a key provider of systems technology and hardware to
 the highway and mass transit markets and is closely aligned with the federal
 government's Transportation Equity Act for the 21st Century (TEA21).  Signed
 into law in June 1998, TEA21 authorized the expenditure of $217 billion over
 six years -- $175 billion for highways and $42 billion for mass transit.
 
     Except for statements of historical fact, this news release contains
 certain forward-looking statements about the company.  Such statements are
 subject to significant risks and uncertainties including changes in economic
 and market conditions, management of growth, and other risks noted in the
 company's SEC filings which may cause actual results to differ materially.
     For more information on Trans-Industries via fax at no additional charge,
 simply dial 1-800-PRO-INFO and enter the symbol TRNI.
     Visit the Trans-Industries web site at www.transindustries.com
 
 
                               Trans-Industries, Inc.
                                 Quarterly Earnings
                                   March 31, 2001
 
                       Sales and Earnings Report (Unaudited)
 
                                                  First Quarter Ending
                                                        March 31
                                                2001                    2000
 
     Sales                                 $10,747,661             $11,529,341
     Cost of Sales                           7,889,526               8,504,035
       Gross Profit                         $2,858,135              $3,025,306
 
     Selling, General, and Administrative
      Expenses                               2,583,135               2,842,950
     Interest                                  340,724                 310,002
     Other                                      (4,168)                 (8,084)
       Total Expenses                       $2,919,691              $3,144,868
 
     Earnings Before Income Taxes              (61,556)               (119,562)
 
     Income Taxes                                3,000                  (4,000)
        Net Income                            $(64,556)              $(115,562)
 
     Earnings Per Share                         $(0.02)                 $(0.04)
 
     Weighted Average Number
         of Shares Outstanding               3,139,737               3,139,737
 
 
                       Consolidated Balance Sheet (Unaudited)
 
                                                   First Quarter Ending
                                                         March 31
                                                     2001              2000
 
     Assets:
     Total Current Assets                        $24,551,284       $27,020,050
     Net Fixed Assets                              6,947,081         7,577,475
     Other Assets                                  1,605,586         1,816,007
        Total Assets                             $33,103,951       $36,413,532
 
     Liabilities and Shareholders' Equity:
     Total Current Liabilities                   $16,163,427       $18,511,035
     Deferred Income Taxes                           240,000           269,000
     Long-Term Debt                                5,498,946         4,151,698
     Shareholders' Equity                         11,201,578        13,481,799
        Total Liabilities and Shareholders'
         Equity                                  $33,103,951       $36,413,532
 
 
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SOURCE Trans-Industries, Inc.
    ROCHESTER HILLS, Mich., April 25 /PRNewswire/ -- Trans-Industries, Inc.
 (Nasdaq:   TRNI), a leading niche manufacturer of bus interior lighting and
 window products, electronic information systems and software plus related
 components for the mass transit and highway markets, today announced results
 for the first quarter ended March 31, 2001.
     Sales for the first quarter of 2001 were $10.7 million compared with
 $11.6 million in the first quarter of 2000.  A net loss of $64,556, or
 $0.02 per share, was recorded in the first quarter of 2001.  The same period a
 year ago, the company reported a net loss of $115,562, or $0.04 per share.
     Dale S. Coenen, Trans-Industries President and Chief Executive Officer,
 observed, "As I wrote in the annual report letter to shareholders, we are in
 the process of building a stronger company through a broader, more
 sophisticated product and service base.  As part of this process,
 consolidation of our U.K. operations is underway."
 
     Annual Meeting of Shareholders
     Trans-Industries will hold the company's Annual Meeting of Shareholders at
 11:00 a.m. Eastern Time on Wednesday, May 16, 2001 at the Auburn Hills Hilton
 Suites in Auburn Hills, Michigan.  For more information, please contact
 Mr. Kai Kosanke, Chief Financial Officer, at (248) 852-1990.
     Trans-Industries is a key provider of systems technology and hardware to
 the highway and mass transit markets and is closely aligned with the federal
 government's Transportation Equity Act for the 21st Century (TEA21).  Signed
 into law in June 1998, TEA21 authorized the expenditure of $217 billion over
 six years -- $175 billion for highways and $42 billion for mass transit.
 
     Except for statements of historical fact, this news release contains
 certain forward-looking statements about the company.  Such statements are
 subject to significant risks and uncertainties including changes in economic
 and market conditions, management of growth, and other risks noted in the
 company's SEC filings which may cause actual results to differ materially.
     For more information on Trans-Industries via fax at no additional charge,
 simply dial 1-800-PRO-INFO and enter the symbol TRNI.
     Visit the Trans-Industries web site at www.transindustries.com
 
 
                               Trans-Industries, Inc.
                                 Quarterly Earnings
                                   March 31, 2001
 
                       Sales and Earnings Report (Unaudited)
 
                                                  First Quarter Ending
                                                        March 31
                                                2001                    2000
 
     Sales                                 $10,747,661             $11,529,341
     Cost of Sales                           7,889,526               8,504,035
       Gross Profit                         $2,858,135              $3,025,306
 
     Selling, General, and Administrative
      Expenses                               2,583,135               2,842,950
     Interest                                  340,724                 310,002
     Other                                      (4,168)                 (8,084)
       Total Expenses                       $2,919,691              $3,144,868
 
     Earnings Before Income Taxes              (61,556)               (119,562)
 
     Income Taxes                                3,000                  (4,000)
        Net Income                            $(64,556)              $(115,562)
 
     Earnings Per Share                         $(0.02)                 $(0.04)
 
     Weighted Average Number
         of Shares Outstanding               3,139,737               3,139,737
 
 
                       Consolidated Balance Sheet (Unaudited)
 
                                                   First Quarter Ending
                                                         March 31
                                                     2001              2000
 
     Assets:
     Total Current Assets                        $24,551,284       $27,020,050
     Net Fixed Assets                              6,947,081         7,577,475
     Other Assets                                  1,605,586         1,816,007
        Total Assets                             $33,103,951       $36,413,532
 
     Liabilities and Shareholders' Equity:
     Total Current Liabilities                   $16,163,427       $18,511,035
     Deferred Income Taxes                           240,000           269,000
     Long-Term Debt                                5,498,946         4,151,698
     Shareholders' Equity                         11,201,578        13,481,799
        Total Liabilities and Shareholders'
         Equity                                  $33,103,951       $36,413,532
 
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X77397785
 
 SOURCE  Trans-Industries, Inc.