Trinity Industri Stock Price, News & Analysis

Trinity Industries, Inc. (NYSE:TRN) has acquired RSI Logistics for $70 million. RSI Logistics provides software and logistics services to the North American rail industry, serving 46 Fortune 500 clients. This acquisition, announced on March 8, 2023, enhances Trinity's service offerings by integrating logistics, terminal operations, and intermodal transportation. CEO Jean Savage emphasized the strategic importance of this deal to improve rail transportation's appeal. The acquisition is not expected to materially affect Trinity's financial results and all RSI employees will be retained.

Trinity Industries has announced a quarterly dividend of 26 cents per share, marking the 236th consecutive dividend payment. This dividend is set to be payable on April 28, 2023, to shareholders recorded by April 14, 2023. The company operates in the rail transportation sector, providing products and services primarily under the TrinityRail brand. Trinity's business segments include Railcar Leasing and Rail Products, indicating its strong position in the North American market.

Trinity Industries (NYSE:TRN) reported fourth quarter 2022 earnings with GAAP EPS of $0.46 and adjusted EPS of $0.44, marking a significant improvement from $0.16 and $0.08 in Q4 2021. Total revenues for the quarter reached $591 million, up from $472 million in the prior year, driven by higher railcar deliveries and improved pricing. The company ended the year with a backlog of $3.9 billion and a 13% increase in quarterly dividends to $0.26 per share. Despite facing labor and supply chain challenges, Trinity's CEO anticipates revenue and margin growth in 2023, supported by a strong lease fleet utilization rate of 97.9% and a positive Future Lease Rate Differential of 25.1%.

Trinity Industries, Inc. (NYSE: TRN) announced it will report its financial results for the three and twelve months ended December 31, 2022 on February 21, 2023, before market opening. A conference call will follow at 8:00 a.m. Eastern Time on the same day, accessible via webcast and teleconference. Trinity is a leading provider of rail transportation products and services in North America, operating primarily in the Railcar Leasing and Rail Products segments. For details, visit www.trin.net.

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.