TRN
Trinity Industries, Inc.28.23
-0.09-0.32%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.28BP/E (TTM)
22.95Basic EPS (TTM)
1.23Dividend Yield
0.04%Recent Filings
10-Q
8-K
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.
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