NEWS FROM EXHIBIT 99.1
TRANS-INDUSTRIES
Trans-Industries, Inc. - 1780 Opdyke Ct. - Auburn Hills, MI 48326
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FOR FURTHER INFORMATION:
AT TRANS-INDUSTRIES:
Kai Kosanke
Chief Financial Officer
(248) 364-0400
FOR IMMEDIATE RELEASE
FRIDAY, APRIL 15, 2005
TRANS-INDUSTRIES, INC. REPORTS
FOURTH-QUARTER AND YEAR-END 2004 RESULTS
AUBURN HILLS, MICHIGAN - APRIL 15, 2005, - TRANS-INDUSTRIES, INC. (NASDAQ:
TRNI), a manufacturer of bus lighting systems and information display products,
announced results for the fourth quarter and the year ended December 31, 2004.
Sales, as shown on the accompanying table, were $5.6 million for the quarter, a
decline of 31.6 percent from the year ago quarter's sales of $8.2 million. For
the year as a whole, sales were down approximately $6.0 million from $33.7 to
$27.8 million. The decreases in sales for the current quarter and the year were
primarily attributable to reduced production levels of heavy-duty transit buses
and some loss of market share to a low-priced competitor. The Company believes
that the market downturn appears to be stabilizing
For the fourth quarter of 2004, Company losses were $2.9 million, or $.93 per
share, compared to losses of $1.5 million, or $.47 per share, for the same
period a year ago.
For the year ended December 31, 2004, the Company posted a loss of $4.0 million,
or $1.27 per share, compared to a loss of $3.8 million, or $1.20 per share, for
the prior year. The Company continues to focus on improving profitability and
cash flow by reducing corporate management expenses, matching the workforce size
to sales volumes, and reducing fixed costs through manufacturing plant
consolidations. The Company's strategic market refocusing has begun to create
some new orders and new customers.
ABOUT THE COMPANY:
The Company is a leading provider of lighting systems and related components to
the mass transit market as well as a supplier of information hardware and
software solutions on Intelligent Transportation Systems (ITS) and mass transit
projects. ITS utilizes integrated networks of electronic sensors, signs and
software to monitor road conditions, communicate information to drivers and help
transportation authorities better manage traffic flow across their existing
infrastructures.
Forward-Looking Statements:
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.
VISIT TRANS-INDUSTRIES AT www.transindustries.com
FINANCIAL TABLES FOLLOW.....
TRANS-INDUSTRIES, INC.
QUARTERLY SALES AND EARNINGS REPORT (UNAUDITED)
DECEMBER 31, 2004
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<Table>
<Caption>
FOURTH QUARTER ENDING TWELVE MONTHS ENDING
DECEMBER 31 DECEMBER 31
------------------------------ ------------------------------
2004 2003 2004 2003
------------ ------------ ------------ ------------
Sales $ 5,619,100 $ 8,217,849 $ 27,760,146 $ 33,721,456
Cost of Sales 5,421,017 6,137,775 24,158,383 25,284,634
------------ ------------ ------------ ------------
Gross Profit 198,083 2,080,074 3,601,763 8,436,822
Selling, Gen. & Admin. Exp 2,674,747 2,727,393 8,915,294 10,234,024
Interest 144,187 169,419 590,806 661,880
Restructuring Costs 285,000 197,879 414,017 831,862
Other * (12,157) (55,491) (2,407,890) (60,854)
------------ ------------ ------------ ------------
Total Expenses 3,091,777 3,039,200 7,512,227 11,666,912
Earnings Before Income Taxes (2,893,694) (959,126) (3,910,464) (3,230,090)
Income Taxes/Benefit 0 531,000 0 531,000
------------ ------------ ------------ ------------
Net Income/Loss (2,893,694) (1,490,126) (3,910,464) (3,761,090)
Preferred Dividend (18,750) 0 (62,292) 0
------------ ------------ ------------ ------------
Net Earnings/(Loss) Available to
Common Shareholders $ (2,912,444) $ (1,490,126) $ (3,972,756) $ (3,761,090)
============ ============ ============ ============
Earnings/Loss Per Share
Basic $ (0.93) $ (0.47) $ (1.27) $ (1.20)
============ ============ ============ ============
Shares Outstanding 3,139,737 3,139,737 3,139,737 3,139,737
</Table>
* Includes $2,378,390 gain on the sale of the Vultron building.
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CONSOLIDATED BALANCE SHEET (UNAUDITED)
<Table>
<Caption>
FOURTH QUARTER ENDING
DECEMBER 31
---------------------------
ASSETS: 2004 2003
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Total Current Assets $12,062,414 $17,224,345
Net Fixed Assets 2,040,115 3,753,732
Other Assets 1,626,471 186,440
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Total Assets $15,729,000 $21,164,517
=========== ===========
LIABILITIES AND SHAREHOLDERS' EQUITY:
- -------------------------------------
Total Current Liabilities $11,531,718 $15,713,505
Deferred Income Taxes 0 0
Long Term Debt 1,735,000 296,669
Shareholders' Equity 2,462,282 5,154,343
----------- -----------
Total Liabilities and Shareholders' Equity $15,729,000 $21,164,517
=========== ===========
</Table>