From Investing.com: 2024-05-01 17:35:16

Trinity Industries reported a strong Q1 in 2024, with a 26% increase in revenue year-over-year and a FLRD of 34.7%. The company raised its full-year EPS guidance to $1.35 – $1.55. The Rail Products segment showed significant margin improvement. Tank car orders are on the rise, benefiting higher-margin markets like chemicals. They remain optimistic about future demand and performance.

Executives at Trinity Industries expressed confidence in the company’s strategic direction and ability to improve performance. Despite challenges like modest car sales activity and the loan-to-value ratio, they remain focused on profitability. The company plans to add $300-400 million in net fleet additions and maintain a disciplined order model for profitability. Trinity Industries will further share insights during their Investor Day on June 25th.



Read more at Investing.com: Trinity Industries posts strong Q1 results, raises EPS outlook By Investing.com