Trinity Industries reports Q4 adjusted EPS 39c vs. 82c last year

Reports Q4 revenue $629M vs. $797.9M last year. “Trinity Industries (TRN)’ 2024 full year adjusted EPS of $1.82 represents a 32% increase over 2023, driven by higher lease rates, significantly improved margin performance, and a higher volume of external repairs. I extend my gratitude to the Trinity team for their outstanding efforts this year,” stated CEO Jean Savage. “We ended the year with an Adjusted ROE of 14.6%, within our target range. Furthermore, our cash flow from operations metric, which includes net gains on lease portfolio sales, was $645M, up 65% over 2023…In 2025, we expect industry deliveries of 35,000, approximately a 20% decrease from 2024 as uncertainty around tariffs is delaying investment decisions. We are introducing our full year 2025 EPS guidance of $1.50-$1.80. This guidance range reflects continued leasing revenue improvement, consistent operating margins, lower deliveries, and a higher proportion of deliveries to our lease fleet with slightly lower gains on lease portfolio sales in support of our net fleet investment targets. We believe that our 2025 performance will demonstrate the strength of our platform and our ability to generate strong returns and consistent margin performance.”