Strong Financial Performance in 2024
Trinity Industries reported a full-year adjusted EPS of $1.82, a 32% year-over-year increase, and an adjusted ROE of 14.6%. Cashflow from operations with net gains on lease portfolio sales was $645 million, reflecting a 65% increase over 2023.
Leasing and Services Segment Success
The leasing and services segment generated revenues of $287 million in Q4 and $1.1 billion for the full year 2024, with a segment operating profit of $121 million and a margin of 42%. The lease fleet utilization rate was 97%.
Positive Market Signals
There are positive volume signals in the agricultural, chemicals, and intermodal segments, with elevated inquiry levels for 2025 and anticipated acceleration in orders as policy changes become more explicit.
Parts Business Growth
The parts business performed exceptionally well in 2024, focusing on expanding to support the lease fleet and maintenance network, with promising opportunities for growth.