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 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 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 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.
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.
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 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.
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 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).
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 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 plans $400M senior notes offering due 2028 to repay credit facility
Offering of $400M aggregate principal amount of senior unsecured notes due 2028.
Revenue $642M (+36% YoY); GAAP EPS $0.09, adjusted EPS $0.07 vs $0.03 YoY.
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 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.
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