Trinity Q2 2022 Earnings Report
Key Takeaways
Trinity Industries reported quarterly GAAP and adjusted earnings from continuing operations of $0.14 per diluted share. They received orders for 4,335 railcars and delivered 2,510 railcars in the quarter. The company's backlog was $2.2 billion at quarter-end and they returned $90 million of capital to stockholders year-to-date, completing an accelerated share repurchase program.
Quarterly total company revenues were $417 million.
Lease fleet utilization was 97.2% and Future Lease Rate Differential (FLRD) was positive 14.7% at quarter end.
New railcar orders were 4,335 and railcar deliveries were 2,510, resulting in a book-to-bill ratio of 1.7x.
Year-to-date free cash flow was $43 million.
Trinity
Trinity
Trinity Revenue by Segment
Forward Guidance
Trinity provided 2022 guidance for industry deliveries of 40,000 to 50,000 railcars, net investment in the lease fleet of $425 million to $475 million, manufacturing capital expenditures of $35 million to $45 million, and EPS of $0.90 to $1.10.
Revenue & Expenses
Visualization of income flow from segment revenue to net income