Trinity Industri Stock Price, News & Analysis

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.

Monomoy Capital Partners has signed a definitive agreement to acquire Trinity Highway Products (THP) from Trinity Industries, Inc. (NYSE:TRN) for approximately $375 million. This acquisition is expected to enhance the operational capacity of THP, a manufacturer of highway safety products, including crash cushions and guardrails. The transaction is subject to customary closing conditions and regulatory approval. THP operates 14 manufacturing and distribution facilities across the U.S. and has a strong market presence in Europe, South America, and Asia.

Trinity Industries, Inc. (NYSE:TRN) announced a definitive agreement to sell its highway products business for $375 million in cash to Monomoy Capital Partners. The transaction aims to optimize Trinity's focus on rail-related segments. Approved by the Board of Directors, it is expected to close in Q4 2021, pending regulatory approvals. This sale allows Trinity to streamline operations and allocate proceeds towards enhancing shareholder returns, reflecting the company's commitment to meeting long-term financial goals.

Trinity Industries (NYSE: TRN) reported Q3 2021 earnings with a GAAP EPS of $0.33 and adjusted EPS of $0.29. Total revenues were $504 million, with operating cash flow of $428 million and free cash flow of $516 million. The company returned $473 million to shareholders through dividends and share repurchases. A key highlight was the $325 million railcar portfolio sale to Signal Rail Holdings. However, results were negatively impacted by labor shortages and supply chain disruptions. The lease fleet utilization remained high at 95%.