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Mar 31, 2023
Trinity Q1 2023 Earnings Report
Trinity Industries reported mixed results for Q1 2023, with revenue growth offset by increased costs.
Key Takeaways
Trinity Industries reported a 36% year-over-year increase in revenue to $642 million for Q1 2023. GAAP EPS was $0.09 and adjusted EPS was $0.07. The company delivered 4,045 railcars and received orders for 2,690 railcars. Lease fleet utilization remained high at 98.2%, and the Future Lease Rate Differential (FLRD) improved to 44.3%.
Total company revenues increased by 36% year-over-year to $642 million.
GAAP EPS was $0.09, and adjusted EPS was $0.07.
Lease fleet utilization was 98.2%, with a Future Lease Rate Differential (FLRD) of 44.3%.
The company reaffirms EPS guidance of $1.50 to $1.70 for the year.
Revenue by Segment
Forward Guidance
Trinity Industries is maintaining its EPS guidance of $1.50 to $1.70, reflecting revenue and margin improvement through the year. The company feels optimistic about what Trinity can accomplish in 2023.
Positive Outlook
- Industry deliveries of 40,000 to 45,000 railcars
- Net investment in the lease fleet of $250 million to $350 million
- Manufacturing capital expenditures of $40 million to $50 million
- Confirming EPS of $1.50 to $1.70
- Revenue and margin improvement through the year
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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