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Mar 31, 2020

Trinity Q1 2020 Earnings Report

Reports quarterly GAAP and Adjusted earnings.

Key Takeaways

Trinity Industries announced first quarter results, reporting total revenues of $615.2 million. The company reported EPS of $1.33 and adjusted EPS of $0.11. They generated $174 million in operating cash flow and $206 million in free cash flow before leasing investment. The company returned $58 million of capital to stockholders and ended the quarter with $760 million in total committed liquidity.

Total company revenues of $615.2 million

EPS of $1.33, an increase of $1.09 year over year

Cash flow from operations and free cash flow before leasing investment of $174 million and $206 million, respectively

Total committed liquidity of $760 million

Total Revenue
$615M
Previous year: $605M
+1.7%
EPS
$0.11
Previous year: $0.24
-54.2%
Fleet Utilization
95.4%
Previous year: 98.4%
-3.0%
Railcar Deliveries
3.71K
Previous year: 4.51K
-17.8%
New Railcar Orders
1.97K
Previous year: 3K
-34.3%
Gross Profit
$133M
Previous year: $141M
-5.8%
Cash and Equivalents
$213M
Previous year: $73.9M
+188.5%
Free Cash Flow
$206M
Previous year: -$137M
-249.9%
Total Assets
$9B
Previous year: $8.41B
+7.0%

Trinity

Trinity

Trinity Revenue by Segment

Forward Guidance

The Company expects that the economic impacts of the COVID-19 pandemic will negatively impact our financial results in the near term. Given the uncertainty in the market about the ultimate impact of COVID-19 on the North American economy, the Company cannot reasonably estimate the likelihood of the financial impact on performance. Trinity is closely monitoring business conditions and will make appropriate adjustments to our operations and related financial scenarios as necessary.

Revenue & Expenses

Visualization of income flow from segment revenue to net income