earnings
confidence high
sentiment positive
materiality 0.80
Trinity Q3 EPS $0.44, raises full-year guidance to $1.70-$1.80
TRINITY INDUSTRIES INC
2024-Q3 EPS reported
$1.31
revenue$2,449,800,000
- Quarterly GAAP EPS $0.44, adjusted EPS $0.43; revenue $799M, operating profit $122.4M.
- Railcar Leasing & Services revenue $289.5M (+11% YoY), operating margin 39.8%; FLRD +28.4%.
- Rail Products revenue $603.2M, operating margin 8.1%; delivered 4,360 railcars, backlog $2.4B.
- Year-to-date cash from ops $384M; net gains on lease portfolio sales $36M; raised EPS guidance to $1.70-$1.80.
- Net fleet investment guidance lowered to $200M-$300M; expected gains on portfolio sales ~$55M.