earnings
confidence high
sentiment neutral
materiality 0.80
Trinity Q4 EPS $2.31, full-year $3.14; guides FY2026 EPS $1.85-$2.10
TRINITY INDUSTRIES INC
2025-FY EPS reported
$3.05
revenue$2,156,900,000
- Full year 2025 EPS $3.14 (up from $1.81) on $2.2B revenue; Q4 EPS $2.31 includes $194M non-cash gain from railcar partnership restructuring.
- Railcar Leasing & Services op profit $357.2M (113% margin) driven by higher lease rates and $56M gains on lease portfolio sales.
- Rail Products delivered 2,945 railcars in Q4, operating margin 4.6% (down from 8.8%) due to lower volumes; 2026 industry deliveries expected ~25,000.
- 2026 EPS guidance $1.85-$2.10, net fleet investment $450-$550M; dividend raised to $0.31/share from $0.30.
- Lease fleet utilization 97.1%, FLRD +6.0%; cash flow from ops $367M, with net gains on lease portfolio sales $458M.