Trinity Q1 revenue up 36% to $642M; GAAP EPS $0.09, adjusted EPS $0.07; reaffirms FY guidance $1.50-$1.70

TRINITY INDUSTRIES INC

2023-Q1 EPS reported $0.05 revenue$641,700,000

Revenue $642M (+36% YoY); GAAP EPS $0.09, adjusted EPS $0.07 vs $0.03 YoY.
Lease fleet utilization 98.2% (up from 96.5%); FLRD +44.3% (vs +2.4% YoY) signals strong lease rate growth.
Delivered 4,045 railcars, orders 2,690; backlog $3.7B. Rail Products margin only 4% but expected to improve.
Completed RSI Logistics acquisition for $72M, adding rail logistics software to digital portfolio.
Reaffirmed FY2023 EPS guidance $1.50-$1.70; expects high single-digit rail margins and continued lease rate improvement.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRINITY INDUSTRIES INC reported the first quarter ended March 31, 2023 results: revenue $642 million, net income $7.5, EPS $0.09. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $642 million
Net income: $7.5
EPS: $0.09
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the first quarter ended March 31, 2023. Financial and Operational Highlights • Quarterly total company revenues of $642 million; 36% improvement year over year • Quarterly income from continuing operations per common diluted share ("EPS") of $0.09 and quarterly adjusted EPS of $0.07

View on SEC.gov

Browse all earnings releases →

TRINITY INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000099780-23-000043

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.