Trinity Q2 2024 Earnings Report
Key Takeaways
Trinity Industries reported a strong second quarter in 2024, with a 16% increase in revenues year-over-year. The company's GAAP EPS was $0.67, and adjusted EPS was $0.66, marking a $0.43 improvement in adjusted EPS year-over-year. The company also raised its full-year guidance to $1.55 to $1.75.
Total company revenues reached $841 million, a 16% increase year-over-year.
GAAP EPS was $0.67 and adjusted EPS was $0.66, a $0.43 improvement year-over-year.
Lease fleet utilization was 96.9% with a Future Lease Rate Differential (FLRD) of positive 28.3% at quarter-end.
The company delivered 4,755 railcars and reported new railcar orders of 2,495.
Trinity
Trinity
Trinity Revenue by Segment
Forward Guidance
Trinity Industries raised its full year guidance to a range of $1.55 to $1.75, which implies continued strength in operating margins through the balance of 2024.
Positive Outlook
- Industry deliveries of approximately 40,000 railcars
- Net fleet investment of $300 million to $400 million
- Operating and administrative capital expenditures of $50 million to $60 million
- EPS of $1.55 to $1.75
- Continued strength in operating margins through the balance of 2024
Revenue & Expenses
Visualization of income flow from segment revenue to net income