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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) reported Q1 2022 earnings, achieving a GAAP EPS of $0.09 and adjusted EPS of $0.03. The company generated $29 million in operating cash flow and $48 million in total free cash flow.
With a backlog of $1.9 billion, Trinity received orders for 5,055 railcars, delivering 2,470 during the quarter. Revenues rose to $473 million, up from $330 million YoY, driven by increased deliveries in the Rail Products Group. Lease fleet utilization reached 96.5%, reflecting a strong industrial recovery.
Trinity Industries, Inc. (NYSE: TRN) will announce its financial results for the quarter ending March 31, 2022, before markets open on April 27, 2022. A conference call to discuss these results will take place at 8:30 a.m. Eastern time on the same day. Investors can participate via a live webcast on the company's website or through a teleconference. A replay of the call will be available for one year. Trinity operates primarily in rail transportation products and services, including railcar leasing and manufacturing under the TrinityRail brand.
Trinity Industries, Inc. (NYSE: TRN) announced its participation in the J.P. Morgan Industrial Conference scheduled for March 17, 2022, in New York City. The event will feature management representatives, including Eric Marchetto, the Chief Financial Officer, and Leigh Anne Mann, the Vice President of Investor Relations. Trinity is a leading provider of rail transportation products and services across North America, operating primarily through its TrinityRail brand, which encompasses railcar leasing, management, manufacturing, and maintenance services.
Trinity Industries, Inc. (NYSE:TRN) has announced a quarterly dividend of 23 cents per share on its common stock, marking the 232nd consecutive dividend. The dividend is payable on April 29, 2022, to shareholders on record as of April 14, 2022. This reflects the company's ongoing commitment to returning value to its shareholders amid its operations in rail transportation products and services across North America.
Trinity Industries (NYSE: TRN) announced their Q4 and full-year 2021 financial results, reporting quarterly revenues of $472 million and annual revenues of $1.5 billion. Q4 EPS was $0.16 and adjusted EPS was $0.08. The company generated $616 million in operating cash flow and returned $895 million to shareholders, including a dividend increase to $0.23 per share. The divestiture of their highway products business contributed $375 million, funding share buybacks. Q4 highlights included a 95.7% lease fleet utilization rate and strong railcar orders.
Trinity Industries, Inc. (NYSE: TRN) announced its financial results reporting date for Q4 and full-year 2021, set for February 17, 2022, before the markets open. A conference call will follow at 8:30 a.m. Eastern to discuss the results. Investors can access the call via webcast on the company’s website or by telephone. The company provides rail transportation products and services in North America, focusing on railcar leasing and management under the TrinityRail brand.
Trinity Industries, Inc. (NYSE:TRN) has finalized the sale of its highway products business for $375 million in cash, subject to adjustments. The buyer is Rush Hour Intermediate II, LLC, associated with Monomoy Capital Partners. Trinity plans to use the proceeds to repurchase $250 million of its common stock from ValueAct Capital, reducing their ownership to 3.87 million shares. Additionally, an Accelerated Share Repurchase (ASR) program with JPMorgan Chase Bank will repurchase $125 million of stock. The results of the sold business will be reported as discontinued operations starting Q4 2021.
Trinity Industries, Inc. (NYSE:TRN) has announced a 10% increase in its quarterly dividend to 23 cents per share, up from 21 cents. This marks the company's 231st consecutive dividend payment. The new dividend is payable on January 31, 2021, to stockholders of record as of January 14, 2021. Trinity, a leading provider of rail transportation products in North America, continues to demonstrate strong financial commitment to its shareholders.
Trinity Industries, Inc. (NYSE: TRN) announced its participation in several investor conferences in Q4 2021. Key events include the Baird Industrial Conference on November 9, the NYSE Industrials Investor Access on November 17, the Stephens Annual Investment Conference on December 2, and the Truist Securities Industrials and Services Summit on December 7. Management representation will include CEO Jean Savage and CFO Eric Marchetto. These conferences aim to enhance investor engagement and showcase Trinity's rail transportation products and services.
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