Trinity Industries Inc

TRN

Equity

ISIN US8965221091 / Valor 979151

New York Stock Exchange, Inc (2025-03-13)

USD 28.90-0.38%

Trinity Industries Inc
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About company

Trinity Industries, Inc. is a prominent player in the North American railcar industry, operating under the brand name TrinityRail. The company specializes in providing a comprehensive suite of railcar products and services, designed to optimize the ownership and usage of railcar equipment for its customers. Trinity's business is structured into two main segments: the Railcar Leasing and Management Services Group, which focuses on leasing and managing railcar fleets, and the Rail Products Group, which is responsible for manufacturing and selling railcars and related components. This dual-segment approach allows Trinity to offer integrated solutions that enhance the efficiency and value of rail transportation. Trinity Industries is publicly traded on the New York Stock Exchange under the ticker symbol TRN.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Highlights

Trinity Industries Inc. reported total company revenues of $799 million for the third quarter of 2024. This reflects a slight decrease compared to the same period in the previous year, where revenues were $821.3 million. The decline in revenue is attributed to lower external deliveries in the Rail Products Group, although this was partially offset by favorable pricing and a higher volume of external repairs.

Earnings Per Share

For the third quarter of 2024, Trinity Industries Inc. announced a GAAP earnings per share (EPS) of $0.44 and an adjusted EPS of $0.43. This represents a $0.17 improvement in adjusted EPS year over year, indicating a positive trend in the company's profitability from continuing operations.

Lease Fleet Utilization

Trinity Industries Inc. achieved a lease fleet utilization rate of 96.6% by the end of the third quarter of 2024. Additionally, the Future Lease Rate Differential (FLRD) was a positive 28.4%, suggesting that the company expects to re-price renewing railcars at significantly higher rates than the expiring ones, contributing to future revenue growth.

Cash Flow and Gains

During the first nine months of 2024, Trinity Industries Inc. generated $384 million in cash flow from continuing operations. The company also reported net gains of $36 million from lease portfolio sales, highlighting its ability to effectively manage and capitalize on its leasing assets.

Railcar Deliveries and Backlog

In the third quarter of 2024, Trinity Industries Inc. delivered 4,360 railcars and received new orders for 1,810 railcars. The company's backlog at the end of the quarter was valued at $2.4 billion, indicating a strong demand for its railcar products and services moving forward.

Summarized from source with an LLMView Source

Key figures

11.2%1Y

-11.4%3Y

61.5%5Y

Performance

34.6%1Y

36.5%3Y

40.2%5Y

Volatility