secwatch.observer — SEC 8-K summary
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Issuer:     TRINITY INDUSTRIES INC (TRN)
CIK:        0000099780
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000099780-23-000142
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trinity Q3 rev $821M (+65% YoY); lowers FY adj EPS guide to $1.20-$1.35 on border closure
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- GAAP EPS $0.29, adjusted EPS $0.26; Q3 revenue $821M (+65% YoY).
- Lease fleet utilization 98.1%, FLRD +26.6%; Leasing revenues up 14% YoY to $223M.
- Deliveries of 4,325 railcars (685 below plan) due to Mexico border closure; Rail Products margin 5.2% ex-insurance.
- FY 2023 adjusted EPS guidance lowered to $1.20-$1.35; three-year cumulative cash flow target reduced to $1.0-$1.2B.
- YTD cash from ops $216M; adjusted free cash flow $50M after investments and dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/99780/000009978023000142/0000099780-23-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/99780/000009978023000142/trn-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000099780-23-000142

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