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 (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.
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