Trinity Q2 EPS $0.23, rev $722M; lowers FY EPS guidance to $1.35-$1.45 on peso drag

TRINITY INDUSTRIES INC

2023-Q2 EPS reported $0.26 revenue$1,364,100,000

Revenue $722M (+73% YoY); EPS $0.23 GAAP and adjusted, vs. $0.14 prior year.
Lease fleet utilization 97.9%, FLRD +29.5%; lease renewals ~30% above expiring rates.
Delivered 4,985 railcars, orders 4,770; backlog $3.6B at quarter-end.
FY 2023 EPS guidance narrowed to $1.35-$1.45 (from prior midpoint ~$1.65) citing peso strength, higher interest.
YTD cash flow from ops $140M, adj. FCF $81M; issued $400M 7.75% notes due 2028 & $340M term loan.

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 three month period ended June 30, 2023 results: revenue $722.4 million, net income $19.3 million, EPS $0.23. Guidance reaffirmed.

Period: the three month period ended June 30, 2023
Revenue: $722.4 million
Net income: $19.3 million
EPS: $0.23
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Inc. (NYSE:TRN) today announced earnings results for the second quarter ended June 30, 2023. Financial and Operational Highlights • Quarterly total company revenues of $722 million; 73% improvement year over year • Quarterly income from continuing operations per common diluted share ("EPS") of $0.23; 64% improvement year over year • Lease fleet utilization

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Source: SEC EDGAR

accession 0000099780-23-000113

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