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Dec 31, 2024
Trinity Q4 2024 Earnings Report
Trinity reported a decrease in revenue and earnings compared to the prior year, impacted by lower external deliveries and higher costs.
Key Takeaways
Trinity Industries reported Q4 2024 revenue of $629.4 million, down from $797.9 million in Q4 2023, primarily due to lower external deliveries. Net income from continuing operations was $31.9 million, a decline from $68.1 million a year ago. GAAP EPS came in at $0.38, while adjusted EPS was $0.39. The company maintained a strong lease fleet utilization of 97.0%.
Q4 2024 revenue declined 21.1% year-over-year to $629.4 million.
GAAP EPS was $0.38, and adjusted EPS was $0.39.
Net income from continuing operations dropped to $31.9 million from $68.1 million last year.
Lease fleet utilization remained strong at 97.0%.
Trinity
Trinity
Trinity Revenue by Segment
Revenue by Segment
Railcar Leasing and Services Revenue
CapyFin.comRail Products Revenue
CapyFin.com Forward Guidance
Trinity expects industry-wide railcar deliveries to decrease in 2025 and projects full-year EPS between $1.50 and $1.80.
Positive Outlook
- Continued strong leasing revenue growth.
- Consistent operating margins expected.
- Higher proportion of deliveries to lease fleet.
- Stable cash flow generation.
- Strategic fleet investments to drive returns.
Challenges Ahead
- Lower expected railcar deliveries in 2025.
- Potential impact of tariff-related uncertainties.
- Slightly lower gains on lease portfolio sales.
- Higher operational costs in some areas.
- Market uncertainties affecting investment decisions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income