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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, 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.
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