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Dec 31, 2021
Trinity Q4 2021 Earnings Report
Trinity's Q4 2021 earnings were announced, revealing improved market conditions and a commitment to returning capital to shareholders.
Key Takeaways
Trinity Industries reported Q4 2021 revenues of $472 million and EPS of $0.16 ($0.08 adjusted). The company completed the sale of its highway products business for $375 million and returned the proceeds to shareholders through share buybacks. Lease fleet utilization remained strong at 95.7%, with a positive Future Lease Rate Differential (FLRD) of 2.2%.
Completed $375 million sale of highway products business.
Reported quarterly GAAP earnings from continuing operations of $0.16 per diluted share.
Generated full year operating and total free cash flow of $616 million and $539 million, respectively.
Returned $895 million of capital to stockholders during 2021 and raised quarterly dividend to $0.23 per share.
Trinity
Trinity
Trinity Revenue by Segment
Revenue by Segment
Railcar Leasing and Services Revenue
CapyFin.comRail Products Revenue
CapyFin.com Forward Guidance
Trinity provided the following guidance for 2022:
Positive Outlook
- Industry deliveries of 40,000 to 50,000 railcars
- Net investment in the lease fleet of $450 million to $550 million
- Manufacturing capital expenditures of $35 million to $45 million
- EPS of $0.85 to $1.05
Revenue & Expenses
Visualization of income flow from segment revenue to net income