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Sep 30, 2022
Trinity Q3 2022 Earnings Report
Trinity's Q3 2022 earnings were announced, reporting GAAP earnings of $0.35 per diluted share and adjusted earnings of $0.34 per diluted share.
Key Takeaways
Trinity Industries reported strong Q3 2022 results driven by increased railcar orders and deliveries. The company received orders for 19,500 railcars, including a multi-year order for 15,000 railcars, and delivered 3,935 railcars. Lease fleet utilization remained high at 97.9% and FLRD was positive at 11.0%.
Reported quarterly GAAP earnings from continuing operations of $0.35 per diluted share.
Received orders for 19,500 railcars, including multi-year 15,000 railcar order; backlog of $4.1 billion at quarter-end.
Delivered 3,935 railcars in the quarter, driving book-to-bill ratio of 5.0x.
Lease fleet utilization of 97.9% and Future Lease Rate Differential (FLRD) of positive 11.0% at quarter end.
Trinity
Trinity
Trinity Revenue by Segment
Revenue by Segment
Railcar Leasing and Services Revenue
CapyFin.comRail Products Revenue
CapyFin.com Forward Guidance
Trinity Industries provided the following guidance for 2022.
Positive Outlook
- Industry deliveries of 40,000 to 50,000 railcars
- Net investment in the lease fleet of $250 million to $300 million
- Manufacturing capital expenditures of $35 million to $45 million
- EPS of $0.90 to $1.10
- Excludes gains on insurance recoveries and other items outside of our core business operations
Revenue & Expenses
Visualization of income flow from segment revenue to net income