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, 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%.
Trinity Industries, Inc. (NYSE: TRN) will announce its financial results for the three and nine months ending September 30, 2021, on October 21, 2021, prior to market open. A conference call will follow at 8:30 a.m. Eastern, available via webcast and teleconference. Trinity, based in Dallas, Texas, specializes in rail transportation products and services in North America, with operations in railcar leasing, management services, and other transportation sectors.
Trinity Industries, Inc. (NYSE:TRN) has completed its previous $250 million share repurchase program and announced a new $250 million program effective September 9, 2021, expiring December 31, 2022. CEO Jean Savage stated this reflects the company’s commitment to returning capital to shareholders, supported by its financial strength. Additionally, Trinity declared a quarterly dividend of 21 cents per share, marking its 230th consecutive dividend, payable October 29, 2021.
Trinity Industries, Inc. (NYSE:TRN) announced the appointment of Jason G. Anderson to its Board of Directors, effective immediately, following the resignation of Brandon B. Boze. Both individuals are affiliated with ValueAct Capital, with Anderson expected to bring notable experience in finance and mergers and acquisitions. Mr. Boze expressed gratitude for his tenure on the board, while the company’s chairman acknowledged Anderson's potential contributions. Anderson previously served at GTCR LLC and Bank of America Merrill Lynch.
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