Trans-Industries, Inc. Reports Fourth-Quarter and Year-End 2004 Results

Trans-Industries, Inc. Reports Fourth-Quarter and Year-End 2004
Results 


AUBURN HILLS, Mich., April 15  /PRNewswire-FirstCall/ -- 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 http://www.transindustries.com/

                      Financial Tables Follow ... ..



                          Trans-Industries, Inc.
             Quarterly Sales and Earnings Report (Unaudited)
                            December 31, 2004


                          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

   * Includes $2,378,390 gain on the sale of the Vultron building.



                    Consolidated Balance Sheet (Unaudited)


                                                  Fourth Quarter Ending
                                                        December 31
  Assets:                                         2004              2003

  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
     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


DATASOURCE: Trans-Industries, Inc.



CONTACT: Kai Kosanke, Chief Financial Officer of Trans-Industries, Inc.,

[phone]



Web site: http://www.transindustries.com/ 

Copyright