Trinity Industries, Inc.
27.83-0.41 (-1.45%)
Oct 29, 4:00:02 PM EDT · NYSE · TRN · USD
Key Stats
Market Cap
2.25BP/E (TTM)
21.74Basic EPS (TTM)
1.28Dividend Yield
0.04%Recent Filings
8-K
Trinity rail notes issuance planned
Trinity Industries subsidiaries inked a deal on October 15, 2025, to issue $498.6 million in Class A notes at 5.09% and $36.7 million in Class B notes at 5.30%, both maturing October 19, 2055, backed by 7,821 railcars and leases in an asset securitization. Closing is eyed for October 28, 2025, to fund railcar purchases from affiliates, bolstering the leasing fleet. Yet market conditions could derail the close. Notes sell via Rule 144A and Regulation S.
8-K
Q2 EPS $0.19, leasing strong
Trinity Industries reported Q2 2025 revenues of $506 million and EPS of $0.19 from continuing operations, down from last year due to fewer railcar deliveries of 1,815 units amid customer delays. Yet leasing shines: fleet utilization hit 96.8% with FLRD at +18.3%, boosting segment revenue 7.5% year-over-year. Orders rebounded to 2,310 units for a 1.3x book-to-bill, signaling recovery. Backlog stands at $2.0 billion. Guidance holds: EPS $1.40–$1.60, expecting stronger H2 deliveries. Lease sales gains remain key, but lower volumes pressure margins.
10-Q
Q2 FY2025 results
Trinity Industries posted Q2 revenues of $506.2M, down 39.8% y/y from $841.4M amid fewer Rail Products deliveries, yet Leasing Group external revenues climbed 7.7% y/y to $302.1M on higher lease rates. Operating profit fell 32.8% y/y to $95.4M, with gross margins contracting to 26.4% from 21.3% due to lower volumes, while diluted EPS from continuing operations dropped to $0.19 from $0.67 (derived from $21.9M income over 82.9M shares). Cash from operations totaled $141.9M YTD, down from $299.7M, with free cash flow at -$100.2M after $242.1M investing outflows; total debt stood at $5.9B non-recourse, bolstered by a $1.05B term loan extension to 2030 at lower rates. Fleet utilization held steady at 96.8%. Litigation over the East Palestine derailment lingers as a key risk.
8-K
Annual meeting results
Trinity Industries stockholders overwhelmingly elected eight directors to one-year terms at the May 15, 2025 annual meeting, including CEO John J. Diez who faced notable opposition with over 2.3 million against votes. They approved executive compensation on an advisory basis and ratified Ernst & Young as auditors for 2025. All proposals passed decisively. Shareholder support remains strong.
8-K
Q1 revenues dip, leasing shines
Trinity Industries reported Q1 2025 revenues of $585 million, down from $810 million last year due to 38% fewer external railcar deliveries, yet EPS from continuing operations held at $0.29, buoyed by resilient leasing. The lease fleet hit 96.8% utilization with a +17.9% FLRD, signaling strong demand, while the $1.9 billion backlog supports future output. Cash flow from operations reached $78 million. Guidance projects EPS of $1.40-$1.60 amid delayed orders, but leasing stability endures.
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