---
schema_version: "secwatch.filing_event.v1"
accession: "0000099780-26-000035"
form_type: "8-K"
ticker: "TRN"
cik: "0000099780"
company_name: "TRINITY INDUSTRIES INC"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:30:06.899635+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trinity Q1 EPS $0.32 (up 10% YoY); raises FY26 EPS guidance to $2.20-2.40 (midpoint +16%)

## Summary
- EPS $0.32 from continuing ops vs $0.29 YoY; revenue $492M (down 16% YoY on lower railcar deliveries).
- Raised full-year EPS guidance to $2.20-$2.40 (prior $1.85-$2.10), citing higher gains on sales.
- Lease fleet utilization 97.3%; FLRD positive 1.2% for 19th straight quarter; gains on sales $22M.
- Closed Napier Park restructuring; expects $130M non-cash pre-tax gain in Q2 2026.
- Issued $481M ABS notes at 5.36% to redeem $377M at 3.82%; net cash generation $100M.

## SEC filing metadata
- accession: 0000099780-26-000035
- form_type: 8-K
- ticker: TRN
- cik: 0000099780
- company_name: TRINITY INDUSTRIES INC
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/99780/000009978026000035/0000099780-26-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99780/000009978026000035/trn-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000099780-26-000035
- JSON: https://secwatch.observer/filing/0000099780-26-000035.json
- Plain text: https://secwatch.observer/filing/0000099780-26-000035.txt

## Key facts
- Earnings Releases
  TRINITY INDUSTRIES INC reported FY2026 results: EPS $2.20 to $2.40. Guidance raised.
  - Period: FY2026
  - EPS: $2.20 to $2.40
  - Guidance: raised
  - Result: guidance update
  source text: Raises full year EPS guidance to a range of $2.20 to $2.40, up 16% at the midpoint from previous range of $1.85 to $2.10
  evidence_url: https://www.sec.gov/Archives/edgar/data/99780/000009978026000035/0000099780-26-000035-index.htm

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