Trinity Industri Stock Price, News & Analysis

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.

Trinity Industries, Inc. (NYSE:TRN) announced a quarterly cash dividend of 23 cents per share, marking its 234th consecutive dividend payment. The dividend is payable on October 31, 2022, to stockholders on record as of October 14, 2022. Trinity, headquartered in Dallas, Texas, is a leading provider of rail transportation products and services in North America, operating through two main segments: Railcar Leasing and Management Services Group and Rail Products Group.

Trinity Industries, Inc. (NYSE: TRN) will participate in two upcoming investor conferences during Q3 2022. The first is the Susquehanna Industrials, Airlines & Energy Conference on August 12, 2022, held virtually with CEO Jean Savage and VP Leigh Anne Mann participating. The second, the Cowen Global Sustainable Mobility Conference, is scheduled for September 7, 2022, also virtually, featuring EVP Gregg Mitchell and Leigh Anne Mann. Trinity Industries, a leader in rail transportation products and services, operates primarily in North America.

Trinity Industries (NYSE: TRN) reported Q2 2022 earnings with diluted EPS of $0.14, up from $0.05 in Q2 2021. Revenues increased to $417 million, driven by higher railcar deliveries. The company received orders for 4,335 railcars and delivered 2,510, resulting in a backlog of $2.2 billion. Lease fleet utilization reached 97.2%, with a Future Lease Rate Differential of +14.7%. Year-to-date, cash flow from operations was a net use of $61 million. Guidance for EPS was raised to $0.90-$1.10 from $0.85-$1.05, reflecting optimism for the second half of the year.

Trinity Industries, Inc. (NYSE: TRN) will release its financial results for the three and six months ended June 30, 2022, prior to market opening on July 27, 2022. A conference call is scheduled for the same day at 8:30 a.m. Eastern to discuss these results. Investors can listen via webcast on the company’s website or through a teleconference. Trinity is a leading provider of rail transportation products and services, with key segments in Railcar Leasing and Rail Products. More information can be found at www.trin.net.

Trinity Industries, Inc. (NYSE:TRN) has acquired Quasar Platform Inc. from Cando Rail & Terminals Ltd., enhancing its digital offerings with advanced rail logistics software. The acquisition, which closed on May 26, adds capabilities like yard management and data visualization tools to Trinity's existing Trinsight™ platform, aimed at improving supply chain efficiency for freight rail shippers. All Quasar employees will be retained. This acquisition is not expected to significantly impact Trinity's financial results.

Trinity Industries, Inc. (NYSE:TRN) has declared a quarterly dividend of 23 cents per share, marking its 233rd consecutive dividend. The dividend is payable on July 29, 2022 to shareholders on record as of July 15, 2022. This reinforces the company's commitment to returning value to its shareholders through consistent dividend payments.

Trinity Industries, Inc. (NYSE: TRN) announced its participation in two upcoming investor conferences. The first is the Wells Fargo Industrial Investor Conference on May 5, 2022, in New York City, featuring executives Eric Marchetto and Leigh Anne Mann. The second is the KeyBanc Industrials & Basic Materials Investor Conference on June 2, 2022, in Boston, MA, with CEO Jean Savage and the same executives. Trinity specializes in rail transportation products and services across North America, focusing on railcar leasing, management, manufacturing, and maintenance.

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.