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Sep 30, 2024
Trinity Q3 2024 Earnings Report
Trinity reported strong Q3 2024 results with increased revenues and improved profitability.
Key Takeaways
Trinity Industries reported strong third-quarter results, with revenues of $799 million and GAAP earnings per share of $0.44. The company saw improvements in its Railcar Leasing and Services segment, driven by increased lease rates and gains on lease portfolio sales. The Rail Products Group also experienced improved operating margins due to enhanced efficiencies. Trinity raised its full-year EPS guidance to a range of $1.70 to $1.80.
Reported quarterly revenues of $799 million.
GAAP EPS was $0.44 and adjusted EPS was $0.43.
Lease fleet utilization was 96.6% with a Future Lease Rate Differential (FLRD) of 28.4%.
Delivered 4,360 railcars and had a backlog of $2.4 billion at quarter-end.
Revenue by Segment
Forward Guidance
Trinity Industries raised its full-year EPS guidance to a range of $1.70 to $1.80.
Positive Outlook
- Industry deliveries of approximately 40,000 railcars
- Net fleet investment of $200 million to $300 million
- Operating and administrative capital expenditures of $50 million to $60 million
- EPS of $1.70 to $1.80
- Anticipate ending the year with continued solid execution and strong financial results
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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