---
schema_version: "secwatch.filing_event.v1"
accession: "0000099780-26-000009"
form_type: "8-K"
ticker: "TRN"
cik: "0000099780"
company_name: "TRINITY INDUSTRIES INC"
filed_at: "2026-02-12T23:59:59+00:00"
generated_at: "2026-05-16T03:11:41.233660+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Trinity Q4 EPS $2.31, full-year $3.14; guides FY2026 EPS $1.85-$2.10

## Summary
- 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.

## SEC filing metadata
- accession: 0000099780-26-000009
- form_type: 8-K
- ticker: TRN
- cik: 0000099780
- company_name: TRINITY INDUSTRIES INC
- filed_at: 2026-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/99780/000009978026000009/0000099780-26-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99780/000009978026000009/trn-20260212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000099780-26-000009
- JSON: https://secwatch.observer/filing/0000099780-26-000009.json
- Plain text: https://secwatch.observer/filing/0000099780-26-000009.txt

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