Highest-materiality recent filing
Trinity Q2 EPS $1.25 includes $132M gain; Rail Products margin 1.3% misses; guidance unchanged
Q2 GAAP EPS $1.25 from continuing ops, includes $132M non-cash pre-tax gain on Napier Park partnership transaction.
Trinity Industries closes $600M revolving credit facility maturing 2031, replaces prior agreement
New $600M unsecured revolving credit line replaces $600M facility dated July 2022; maturity the earlier of June 12, 2031 or April 15, 2028 if 2028 notes not repaid in full.
Trinity Industries shareholders elect directors and approve say-on-pay and auditor ratification
Elected eight directors: Ainsworth, Biesterfeld, Diez, Echols, Lakkundi, Maclin, Savage, Shive each with >62.9M votes.
Trinity Q1 EPS $0.32 (up 10% YoY); raises FY26 EPS guidance to $2.20-2.40 (midpoint +16%)
EPS $0.32 from continuing ops vs $0.29 YoY; revenue $492M (down 16% YoY on lower railcar deliveries).
Trinity railcar subsidiary issues $480.8M in secured notes; redeems $377.1M of existing debt
TRL-2025 issued $447.4M Class A notes at 5.35% and $33.4M Class B notes at 5.56%, due 2056.
Trinity contributes rail holdings interests; deconsolidates TRIP and Triumph
TILC contributed 42.56% of TRIP Rail Holdings and 0.2% of Triumph Rail Holdings to NP SPE Holdings LP.
Trinity Industries subsidiary issues $480.8M in securitized railcar notes at 5.35%/5.56%
Trinity Rail Leasing 2025 LLC issued $447.4M Class A notes at 5.35% and $33.4M Class B notes at 5.56%.
Trinity EVP Leasing & Services Gregory Mitchell stepping down, retiring Oct 15
Gregory B. Mitchell notified Trinity of retirement transition effective October 15, 2026.
Trinity Q4 EPS $2.31, full-year $3.14; guides FY2026 EPS $1.85-$2.10
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.
Trinity restructures railcar partnerships, expects $190M pre-tax gain, raises FY2025 EPS guidance
Exchanged 42.36% interest in Triumph for Napier Park's 69.45% stake in RIV 2013; now owns 100% of RIV 2013.
Trinity Q3 EPS $0.38, revenue $454M; raises FY25 guidance to $1.55-$1.70
Q3 total revenue $454.1M (down from $798.8M YoY); net income $31.4M vs $36.7M.
Trinity Industries subsidiary to issue $535M in secured railcar notes at 5.09% and 5.30%
Issues $498.58M Class A notes at 5.09% and $36.66M Class B notes at 5.30% through Trinity Rail Leasing 2025 LLC.
Q2 GAAP EPS $0.19 vs $0.67 YoY; revenue $506M vs $841M, down 40% on lower railcar deliveries.
All eight director nominees elected; John J. Diez received 61.1M for, 2.3M against, 3.7M abstain.
Trinity Q1 EPS $0.29 (down 12% YoY); revenue $585M; FY guidance lowered to $1.40-1.60
GAAP diluted EPS $0.29 vs $0.33 YoY; revenue $585M vs $810M, down 28% on lower railcar deliveries.
Trinity Industries reports FY2024 adjusted EPS $1.82, up 32% YoY; guides FY2025 EPS $1.50-$1.80
FY2024 GAAP EPS $1.81, adjusted EPS $1.82; revenue $3.08B; operating profit $491.5M.
Trinity Q3 EPS $0.44, raises full-year guidance to $1.70-$1.80
Quarterly GAAP EPS $0.44, adjusted EPS $0.43; revenue $799M, operating profit $122.4M.
Advance notice period for stockholder nominations and business changed from 60-90 days to 90-120 days before annual meeting anniversary.
Trinity Q2 GAAP EPS $0.67, adjusted $0.66; raises FY guidance to $1.55-$1.75
Revenue $841M, up 16% YoY; GAAP EPS $0.67 vs $0.23; adjusted EPS $0.66 vs $0.23.
Trinity Industries holds investor day; no financial results or guidance disclosed in filing
Filing furnishes presentation materials for investor day held June 25, 2024.
Trinity prices $200M add-on of 7.75% notes due 2028; to redeem $400M 4.55% notes due 2024
Issued $200M additional 7.750% Senior Notes due 2028 at 102.5% of par; net proceeds ~$211.1M.
Trinity subsidiary issues $432M green railcar notes at 5.78%; proceeds to repay debt
Trinity Rail Leasing 2021 LLC issued $432.4M Series 2024-1 Class A Green Secured Railcar Equipment Notes.
Trinity Industries unit issues $432.4M 5.78% Green Secured Railcar Notes due 2054
Trinity Rail Leasing 2021 issues $432,430,000 of Series 2024-1 Class A Notes at 5.78% fixed rate, maturing May 19, 2054.
Additional $200.0M of 7.750% Senior Notes due 2028 offered; total outstanding will be $600.0M.
Trinity Industries furnishes Q1 2024 investor presentation with no specific financial figures
Presentation covers activity through March 31, 2024, but full data not included in filing excerpt.
Trinity Q1 revenue $810M (+26% YoY); EPS $0.33; raises FY guidance to $1.35-$1.55
GAAP and adjusted EPS of $0.33 vs $0.09 a year ago; adjusted EPS up $0.26 YoY.
Trinity Industries announces CAO change: McDowell moves to audit, Maldonado appointed
Steven L. McDowell transitioned from VP and CAO to VP and Chief Audit Executive effective March 29, 2024.
Trinity Industries Leasing subsidiary refinances $660M warehouse loan facility; max $800M
Initial funding of ~$660M under new $800M Warehouse Loan Agreement dated March 15, 2024.
Trinity Industries changes reportable segments effective Jan 1, 2024; recasts 2023 results
New segment structure effective Jan 1, 2024; prior year results recast to show effect of change.
Trinity Industries Q4/FY2023: Revenue $3.0B, Adj EPS $1.38, 2024 EPS Guidance $1.30-$1.50
Full-year revenue $2,983M (+51% YoY); GAAP EPS $1.43, adjusted EPS $1.38 (+47% YoY).
Company furnished an updated investor presentation for the period ended September 30, 2023 as Exhibit 99.1.
Trinity Q3 rev $821M (+65% YoY); lowers FY adj EPS guide to $1.20-$1.35 on border closure
GAAP EPS $0.29, adjusted EPS $0.26; Q3 revenue $821M (+65% YoY).
Trinity Industries delivers 4,325 railcars in Q3, 685 units below projection due to border closure
Delivered 4,325 new railcars in Q3 2023, 685 units below the Company's quarterly projection.
Trinity Industries board reduces from 9 to 8 directors, eliminates vacancy
Board amended Section 1 of Article III of Bylaws on September 6, 2023.
Trinity Industries EVP and Chief Legal Officer Sarah Teachout resigns effective Sept 8, 2023
Sarah R. Teachout, EVP and Chief Legal Officer, notified resignation to pursue other employment.
Trinity Industries posts updated investor presentation for Q2 2023
Presentation covers activity through June 30, 2023; no specific financial results disclosed in filing.
Trinity Q2 EPS $0.23, rev $722M; lowers FY EPS guidance to $1.35-$1.45 on peso drag
Revenue $722M (+73% YoY); EPS $0.23 GAAP and adjusted, vs. $0.14 prior year.
Trinity Industries prices $400M of 7.750% Senior Notes due 2028
Issued $400M aggregate principal of 7.750% Senior Notes due July 15, 2028; net proceeds ~$394.5M.
Trinity Industries plans $400M senior notes offering due 2028 to repay credit facility
Offering of $400M aggregate principal amount of senior unsecured notes due 2028.
Trinity unit closes $340M term loan for railcar portfolio refinancing
Trinity Rail Leasing 2023 LLC borrowed $340M under a Term Loan Agreement dated June 12, 2023.
Trinity shareholders approve amended stock plan, increase authorized shares by 1.9M
Approved Fifth Amended Stock Plan, increasing authorized shares by 1.9M to 22.05M total; plan extended to 2033.
Trinity Industries updates investor presentation with Q1 2023 activity
Presentation covers period ended March 31, 2023; issued May 4, 2023.
Revenue $642M (+36% YoY); GAAP EPS $0.09, adjusted EPS $0.07 vs $0.03 YoY.
Trinity Industries expands credit facility to $600M, adds $100M annual dividend capacity
Credit facility commitments increased from $450M to $600M; lenders include JPMorgan, BofA, Truist, Wells Fargo, Regions, PNC, Citizens, Fifth Third.
Trinity Industries updates investor presentation for period ended Dec 31, 2022
Filed under Item 7.01; presentation furnished as Exhibit 99.1.
Trinity Industries Q4 GAAP EPS $0.46; guides FY23 EPS $1.50-$1.70; raises dividend 13%
Q4 GAAP EPS $0.46, adjusted $0.44; revenue $591M (+25% YoY).
Trinity Industries updates investor presentation for Q3 2022 period
Presentation materials furnished under Item 7.01 as Exhibit 99.1 cover activity through September 30, 2022.
Trinity Q3 adj EPS $0.34, revenue $497M; orders 19,500 railcars, backlog $4.1B
GAAP EPS $0.35 (up from $0.22 YoY); adjusted EPS $0.34 (up from $0.18). Revenue $497M, up 18% YoY.
Trinity Industries issues ESG roadshow presentation for investors
Presentation covers ESG progress and priorities for 2022 and beyond.
Trinity Industries adds Biesterfeld and Lakkundi to board, expands to 9 directors
Elected Robert C. Biesterfeld Jr. (CEO of C.H. Robinson) and Veena M. Lakkundi (SVP at Rockwell Automation) as independent directors, effective Sept 7, 2022.
On March 29, 2024, Steven L. McDowell, Vice President and Chief Accounting Officer for Trinity Industries, Inc. (the “Company” or “Trinity”), transitioned from his current position to the position of Vice President and Chief Audit Executive for the Company.
Christina N. Maldonado, 41, has been appointed Vice President and Chief Accounting Officer of the Company.
On August 21, 2023, Sarah R. Teachout, Executive Vice President and Chief Legal Officer for Trinity Industries, Inc. (the “Company”), notified Trinity of her intention to resign from employment with the Company to pursue another employment opportunity outside the Company, effective September 8, 2023.
On September 7, 2022, the Board of Directors (the “Board”) of Trinity Industries, Inc. (the "Company") elected Robert C. Biesterfeld Jr. and Veena M. Lakkundi as members of the Board, effective immediately.
On September 7, 2022, the Board of Directors (the “Board”) of Trinity Industries, Inc. (the "Company") elected Robert C. Biesterfeld Jr. and Veena M. Lakkundi as members of the Board, effective immediately.
In connection with this organizational realignment, the employment of Brian D. Madison, the Company's Executive Vice President, Services Operations, will end following a transition period.
Mr. Poet will retain oversight responsibility for his current functions and will be appointed Executive Vice President, Operations and Support.
On October 4, 2021, Neil J. West, Executive Vice President, Production Operations for Trinity Industries, Inc. (the “Company”), informed the Company of his intention to resign from employment with the Company following a transition period.
On September 8, 2021, the Board elected Jason G. Anderson as a member of the Board, effective immediately.
On September 7, 2021, Brandon B. Boze informed Trinity Industries, Inc. (the “Company”) of his resignation from the Company’s Board of Directors (the “Board”) effective on September 8, 2021.
Max materiality 0.85 · Median 0.57 · Most common event earnings