earnings
confidence high
sentiment positive
materiality 0.75
Trinity Q1 revenue $810M (+26% YoY); EPS $0.33; raises FY guidance to $1.35-$1.55
TRINITY INDUSTRIES INC
2024-Q1 EPS reported
$0.28
revenue$809,600,000
- GAAP and adjusted EPS of $0.33 vs $0.09 a year ago; adjusted EPS up $0.26 YoY.
- Revenue $810M (+26% YoY); Rail Products operating profit up 82% to $43.8M.
- Lease fleet utilization 97.5%; FLRD +34.7% (second-highest since reporting began).
- Deliveries 4,695 railcars; backlog $2.9B; new orders 1,880.
- 2024 EPS guidance raised to $1.35-$1.55; expects rail industry deliveries ~40,000.