secwatch.observer — SEC 8-K summary
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Issuer:     TRINITY INDUSTRIES INC (TRN)
CIK:        0000099780
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000099780-23-000113
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/99780/000009978023000113/0000099780-23-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/99780/000009978023000113/trn-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000099780-23-000113

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