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Jun 30, 2024
Trinity Q2 2024 Earnings Report
Trinity's Q2 2024 earnings were reported, showing improvements across the business with increased revenues and strong performance in key segments.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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