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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.
Trinity
Trinity
Trinity Revenue by Segment
Revenue by Segment
Railcar Leasing and Services Revenue
CapyFin.comRail Products Revenue
CapyFin.com 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