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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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