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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.
Revenue by Segment
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
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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