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Dec 31, 2022
Trinity Q4 2022 Earnings Report
Trinity Industries reported Q4 2022 earnings, with revenue of $591 million and EPS of $0.46.
Key Takeaways
Trinity Industries announced Q4 2022 results, featuring revenue of $591 million and EPS of $0.46. The company received orders for 3,015 railcars and delivered 4,400, ending the year with a backlog of $3.9 billion.
Reported quarterly GAAP earnings from continuing operations of $0.46 per diluted share.
Adjusted earnings from continuing operations of $0.44 per diluted share.
Received orders for 3,015 railcars and delivered 4,400 railcars.
Raised quarterly dividend by 13% to $0.26 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 Industries provided its 2023 guidance, including industry deliveries of 40,000 to 45,000 railcars and EPS of $1.50 to $1.70.
Positive Outlook
- Industry deliveries of 40,000 to 45,000 railcars
- Net investment in the lease fleet of $250 million to $350 million
- Manufacturing capital expenditures of $40 million to $50 million
- EPS of $1.50 to $1.70
- Expect both revenue and margin improvement in 2023.
Challenges Ahead
- Excludes items outside of our core business operations
- Rail Products Group faced labor and supply chain challenges, impacting deliveries and margins in the segment
- Unexpected headwinds in 2022
- Elevated working capital related to higher volumes of railcar deliveries
- Continued supply chain challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income