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Trinity Industries, Inc. (symbol: TRN) is a diversified industrial company renowned for its market-leading businesses that offer products and services across several key sectors, including energy, transportation, chemical, and construction. The company operates through five main business segments: the Rail Group, Railcar Leasing and Management Services Group, Inland Barge Group, Construction Products Group, and Energy Equipment Group.
Under the brand name TrinityRail, Trinity Industries excels in the North American market by selling and leasing railroad products and delivering railcar maintenance services. The company's Railcar Leasing and Management Services Group owns a vast fleet of railcars and provides comprehensive fleet management and administrative services. The Rail Products segment is involved in the construction, sale, and modification of freight and tank railcars, as well as their components.
Trinity's Inland Barge Group offers a range of barges, including dry cargo, liquid tank, and deck barges, primarily for the transport of goods along inland waterways. Meanwhile, the Construction Products Group supplies essential highway products such as guardrails and other highway barriers, ensuring safety and compliance in infrastructure projects.
In the energy sector, Trinity's Energy Equipment Group manufactures and supplies wind towers and other equipment critical to the renewable energy industry. The company's diverse product portfolio and extensive service offerings cater to a broad range of industries, including agriculture, construction, consumer products, energy, and chemicals.
Trinity Industries has demonstrated robust financial performance, with recent achievements and ongoing projects reflecting its commitment to innovation and growth. The company maintains strategic partnerships and continues to expand its market presence, ensuring long-term value for its stakeholders.
Trinity Industries (NYSE: TRN) has announced that CFO Eric Marchetto will present at the 2024 Stephens Annual Investment Conference in Nashville, TN on Wednesday, November 20, 2024, at 2:00 pm CT. The presentation will be available via webcast on Trinity's website and accessible for 90 days afterward.
Trinity Industries, based in Dallas, Texas, is a leading provider of rail transportation products and services in North America under the TrinityRail® brand. Starting January 1, 2024, the company will report financial results in two segments: Railcar Leasing and Services Group and Rail Products Group.
Trinity Industries (NYSE:TRN) reported strong Q3 2024 results with GAAP earnings of $0.44 and adjusted earnings of $0.43 per diluted share. The company achieved quarterly revenues of $799 million, with lease fleet utilization at 96.6% and a Future Lease Rate Differential of +28.4%. Trinity delivered 4,360 railcars and maintained a backlog of $2.4 billion. Year-to-date operating cash flow reached $384 million, with net gains on lease portfolio sales of $36 million. Based on strong performance, Trinity raised its full-year EPS guidance to $1.70-$1.80.
Trinity Industries, Inc. (NYSE: TRN) has announced that it will release its financial results for the three and nine months ended September 30, 2024, on October 31, 2024, before the financial markets open. The company will hold a conference call at 8:00 a.m. Eastern on the same day to discuss the results.
Investors can access the conference call via webcast on the company's website or through a teleconference. The dial-in number for the live call is 1-888-317-6003 with the participant entry number 5489199. An audio replay will be available until November 7, 2024.
Trinity Industries, headquartered in Dallas, Texas, is a leading provider of rail transportation products and services in North America under the TrinityRail® brand. The company reports its financial results in two segments: Railcar Leasing and Services Group and Rail Products Group.
Trinity Industries, Inc. (NYSE:TRN) has declared its 242nd consecutive quarterly dividend of 28 cents per share on its $0.01 par value common stock. The dividend is payable on October 31, 2024 to stockholders of record as of October 15, 2024. Trinity Industries, headquartered in Dallas, Texas, is a leading provider of rail transportation products and services in North America under the TrinityRail® brand. The company offers railcar leasing, management, manufacturing, maintenance, modifications, and logistics services. As of January 1, 2024, Trinity reports its financial results in two segments: Railcar Leasing and Services Group and Rail Products Group.
Trinity Industries (NYSE:TRN) reported strong Q2 2024 results, with GAAP and adjusted EPS of $0.67 and $0.66 respectively, a significant improvement year-over-year. Key highlights include:
- Total revenues of $841 million, up 16% year-over-year
- Lease fleet utilization of 96.9% and Future Lease Rate Differential of +28.3%
- 4,755 railcar deliveries and 2,495 new orders
- Year-to-date operating cash flow of $300 million
- LTM Return on Equity of 14.8% and Adjusted ROE of 16.8%
The company raised its full-year 2024 EPS guidance to $1.55-$1.75, reflecting strong operational performance and positive market conditions. Trinity's CEO highlighted improvements across the business, including increased revenues, strong cash flow, and progress towards financial targets.
Trinity Industries (NYSE: TRN) announced it will release its financial results for Q2 and H1 2024 on August 1, 2024, before markets open.
A conference call will follow at 8:00 a.m. Eastern to discuss the results. Investors can access the call through a webcast on Trinity's Investor Relations page or by dialing 1-888-317-6003 with participant entry number 6316195.
A replay will be available on the company’s website for one year or via phone until August 8, 2024, by dialing 1-877-344-7529 with access code 6133090.
Trinity, based in Dallas, Texas, is a leading North American provider of rail transportation products and services under the TrinityRail brand. From January 1, 2024, it reports in two segments: Railcar Leasing and Services Group and Rail Products Group.
Trinity Industries will host an Investor Day on June 25, 2024, at The Ritz-Carlton Dallas, Las Colinas. The event will feature presentations from 9:00am to 10:30am ET, followed by a Q&A session. Trinity's leadership team will discuss the company's three-year strategy focusing on operations, growth in leasing, manufacturing, maintenance, parts services, cash flow generation, and capital allocation. In-person attendance is to institutional investors, equity analysts, and invitees, but the event will be webcast live for broader access. More details are available on Trinity's Investor Relations webpage.
Trinity Industries announced the pricing of an additional $200 million of its 7.750% Senior Notes due 2028.
The offering is expected to close on June 5, 2024, subject to customary conditions. The proceeds, along with cash on hand and borrowings, will repay the company's 4.550% Senior Notes due 2024 and cover related expenses.
Sold at 102.50% of the principal amount plus accrued interest, the new notes will constitute a further issuance of the company's existing $400 million 7.750% Senior Notes due 2028, bringing the total to $600 million.
The notes are offered to qualified institutional buyers and non-U.S. persons under specific regulations and are not registered under the Securities Act of 1933.
Trinity Industries announced a $200 million offering of additional 7.750% Senior Notes due 2028. The new notes will fund the repayment of 4.550% Senior Notes due 2024 and cover associated fees and costs. The company previously issued $400 million of these notes in June 2023, and with this new issuance, it will have $600 million in total outstanding. These notes are not registered under the Securities Act of 1933, and will be offered to qualified institutional buyers and certain non-U.S. persons. This announcement does not constitute an offer to sell or solicit buys in any jurisdiction where it would be unlawful.
Trinity Industries (NYSE: TRN) has announced a quarterly dividend of 28 cents per share on its $0.01 par value common stock. This marks the 241st consecutive dividend payment by the company. The dividend is payable on July 31, 2024, to shareholders recorded by July 15, 2024.
Headquartered in Dallas, Texas, Trinity Industries operates in North America through its TrinityRail platform, which provides railcar leasing, management, manufacturing, maintenance, and other logistics services. As of January 1, 2024, Trinity Industries will report its financial results in two segments: the Railcar Leasing and Services Group and the Rail Products Group.
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