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Trinity Industries, Inc. reported strong first-quarter results for 2024 with quarterly total company revenues of $810 million, an improvement of 26% year over year. The earnings per diluted share (EPS) and adjusted EPS were $0.33, showing a $0.26 improvement in adjusted EPS year over year. The lease fleet utilization was at 97.5% with a positive FLRD of 34.7% at quarter-end. Trinity delivered 4,695 railcars in the quarter with a backlog of $2.9 billion. The company generated operating and adjusted free cash flow of $57 million and $12 million, respectively. Trinity also provided guidance for 2024 with industry deliveries of approximately 40,000 railcars, an EPS range of $1.35 to $1.55, and net investment in the lease fleet of $300 million to $400 million.