Welcome to our dedicated page for Trinity Industri news (Ticker: TRN), a resource for investors and traders seeking the latest updates and insights on Trinity Industri stock.
Trinity Industries (TRN) delivers essential industrial solutions through rail products, energy equipment, and construction materials. This news hub provides investors and industry professionals with direct access to official announcements and strategic developments shaping the company's diversified operations.
Track earnings reports, product innovations, and strategic partnerships across TRN's core segments: railcar manufacturing, inland barge logistics, and infrastructure solutions. Our curated updates ensure you stay informed about regulatory changes, market expansions, and operational milestones impacting this industrial leader.
This resource serves as your primary source for verified TRN news, maintained for accuracy and relevance. Bookmark this page to monitor how Trinity Industries continues addressing transportation, energy, and construction challenges through its integrated service model.
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.
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.
FAQ
What is the current stock price of Trinity Industri (TRN)?
What is the market cap of Trinity Industri (TRN)?
