---
schema_version: "secwatch.filing_event.v1"
accession: "0000099780-23-000113"
form_type: "8-K"
ticker: "TRN"
cik: "0000099780"
company_name: "TRINITY INDUSTRIES INC"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T21:37:12.537544+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000099780-23-000113
- form_type: 8-K
- ticker: TRN
- cik: 0000099780
- company_name: TRINITY INDUSTRIES INC
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/99780/000009978023000113/0000099780-23-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99780/000009978023000113/trn-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000099780-23-000113
- JSON: https://secwatch.observer/filing/0000099780-23-000113.json
- Plain text: https://secwatch.observer/filing/0000099780-23-000113.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/99780/000009978023000113/0000099780-23-000113-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.