secwatch.observer — SEC 8-K summary
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Issuer:     TRINITY INDUSTRIES INC (TRN)
CIK:        0000099780
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0000099780-22-000134
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trinity Q3 adj EPS $0.34, revenue $497M; orders 19,500 railcars, backlog $4.1B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/99780/000009978022000134/0000099780-22-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/99780/000009978022000134/trn-20221025.htm
  HTML page:      https://secwatch.observer/filing/0000099780-22-000134

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