earnings
confidence high
sentiment positive
materiality 0.75
Trinity Q2 GAAP EPS $0.67, adjusted $0.66; raises FY guidance to $1.55-$1.75
TRINITY INDUSTRIES INC
2024-Q2 EPS reported
$0.94
revenue$1,651,000,000
- Revenue $841M, up 16% YoY; GAAP EPS $0.67 vs $0.23; adjusted EPS $0.66 vs $0.23.
- Rail Products margin 7.9% (vs 3.7% YoY); Leasing & Services margin 45.5%.
- Lease fleet utilization 96.9%; FLRD +28.3%; backlog $2.7B.
- FY 2024 EPS guidance raised by $0.20 to $1.55-$1.75.
- YTD operating cash flow $300M; sold 1,315 railcars for $143M gain.