Trinity Industri Stock Price, News & Analysis

Trinity Industries (NYSE:TRN) announced that CEO Jean Savage has been named the 2022 Railway Woman of the Year by the League of Railway Women. This award recognizes her commitment to operational excellence, safety, sustainability, diversity, inclusion, and volunteerism in the railroad industry. Ms. Savage expressed gratitude for the honor, acknowledging the role of women in shaping the rail industry. She accepted the award virtually during the National Railroad Construction and Maintenance Association conference on January 7, 2023.

Trinity Industries, Inc. (NYSE:TRN) has acquired Holden America for an initial price of $70 million, with an additional $5 million annually for two years. Holden specializes in freight rail securement systems, enhancing Trinity’s market position in North America. This acquisition aims to diversify revenue streams by focusing on higher-margin aftermarket parts. The deal closed on December 30, 2022, and will retain all Holden employees. CEO Jean Savage emphasizes the strategic alignment with emerging market trends, particularly in vehicle securement for SUVs and electric vehicles.

Trinity Industries has increased its quarterly dividend to 26 cents per share, an approximate 13% rise from the previous 23 cents. This marks Trinity's 235th consecutive dividend payment and demonstrates an average annual increase of 19% since the Arcosa spin-off in 2018. The new cash dividend is payable on January 31, 2023.

Additionally, a new $250 million stock buyback program has been authorized, replacing the previous program.

Trinity Industries, Inc. (NYSE: TRN) will present at the Stephens Annual Investment Conference on November 16, 2022, at 10:00 am CT, in Nashville, Tennessee. The presentation will be available via live webcast at www.trin.net under the Investor Relations section. Trinity operates in North America, providing rail transportation products and services through its TrinityRail brand, which includes railcar leasing, management services, and manufacturing.

Trinity Industries (NYSE: TRN) announced its participation in three upcoming investor conferences in Q4 2022. These include the Baird Industrial Conference on November 8 in Chicago, the Stephens Annual Investment Conference on November 16 in Nashville, and the Susquehanna Virtual Freight Forum on December 6. Key executives, including CEO Jean Savage and CFO Eric Marchetto, will represent the company. Trinity operates in the rail transportation sector, providing leasing, management services, and manufacturing under its TrinityRail brand.

Trinity Industries, Inc. (NYSE:TRN) reported GAAP earnings of $0.35 per diluted share for Q3 2022, with adjusted earnings at $0.34. The company secured orders for 19,500 railcars, leading to a backlog of $4.1 billion. Railcar deliveries reached 3,935, resulting in a book-to-bill ratio of 5.0x. Total revenues for the quarter were $497 million, an increase from $420 million in Q3 2021. Lease fleet utilization stood at 97.9%, and the Future Lease Rate Differential was 11.0%. Trinity returned $123 million to shareholders year-to-date, reinforcing a positive outlook for future growth.

Trinity Industries, Inc. (NYSE: TRN) will report its financial results for the three and nine months ended September 30, 2022, on October 25, 2022, before the market opens.

A conference call will follow at 8:00 a.m. Eastern on the same day to discuss these results. Investors can access the call via webcast or teleconference. Trinity's operations focus on rail transportation products and services in North America, with a notable platform in railcar leasing and management services.

Trinity Industries, Inc. (NYSE:TRN) announced a significant long-term railcar supply agreement with GATX Corporation. The deal involves delivering 15,000 newly built tank and freight railcars over six years. Trinity will supply 6,000 tank cars from 2024 to 2028 and 9,000 additional cars over the same period. GATX has the option to order 500 extra railcars annually. CEO Jean Savage highlighted the strong partnership and the potential for robust returns for shareholders through this agreement.

Trinity Industries, Inc. (NYSE:TRN) has enhanced its Board of Directors with the election of Robert Biesterfeld Jr. and Veena Lakkundi, increasing the board size from seven to nine members. Biesterfeld, CEO of C.H. Robinson, brings extensive supply chain experience, while Lakkundi, SVP at Rockwell Automation, has a strong background in corporate strategy and innovation. Their appointments are expected to provide valuable insights that could bolster Trinity's strategic direction in the rail transportation sector.