---
schema_version: "secwatch.filing_event.v1"
accession: "0000099780-25-000038"
form_type: "8-K"
ticker: "TRN"
cik: "0000099780"
company_name: "TRINITY INDUSTRIES INC"
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T01:53:01.448632+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trinity Q1 EPS $0.29 (down 12% YoY); revenue $585M; FY guidance lowered to $1.40-1.60

## Summary
- GAAP diluted EPS $0.29 vs $0.33 YoY; revenue $585M vs $810M, down 28% on lower railcar deliveries.
- Railcar deliveries 3,060 (down 35% YoY); orders 695; backlog $1.9B, down from $2.9B.
- Leasing fleet utilization 96.8%; FLRD +17.9%; renewal lease rates +29.5% above expiring.
- FY 2025 EPS guidance lowered to $1.40-1.60; industry deliveries forecast 28,000-33,000 railcars.
- Refinanced TRL-2023 term loan to $1.05B at SOFR+1.50%, maturity extended to 2030.

## SEC filing metadata
- accession: 0000099780-25-000038
- form_type: 8-K
- ticker: TRN
- cik: 0000099780
- company_name: TRINITY INDUSTRIES INC
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/99780/000009978025000038/0000099780-25-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99780/000009978025000038/trn-20250501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000099780-25-000038
- JSON: https://secwatch.observer/filing/0000099780-25-000038.json
- Plain text: https://secwatch.observer/filing/0000099780-25-000038.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.