earnings
confidence high
sentiment positive
materiality 0.75
Trinity Q3 adj EPS $0.34, revenue $497M; orders 19,500 railcars, backlog $4.1B
TRINITY INDUSTRIES INC
2022-Q3 EPS reported
$0.34
revenue$1,386,100,000
- GAAP EPS $0.35 (up from $0.22 YoY); adjusted EPS $0.34 (up from $0.18). Revenue $497M, up 18% YoY.
- Received orders for 19,500 railcars including multi-year 15,000 order from GATX; backlog $4.1B and book-to-bill 5.0x.
- Lease fleet utilization 97.9%; FLRD positive 11.0% indicating favorable lease rate re-pricing.
- Completed $254M railcar sale to Wafra JV, recording $25M gain; returned $123M to shareholders YTD.
- FY 2022 EPS guidance $0.90-$1.10; industry deliveries 40k-50k; net lease fleet investment $250M-$300M.