Trinity Industries, Inc. (TRN) Presents at Goldman Sachs Industrials and Materials Conference 2025 Transcript
Trinity Industries stands out in the transportation equipment sector, showing resilience with strong leasing performance and a substantial industry backlog. TRN's leasing segment benefits from high utilization and rising lease rates, while manufacturing faces weak demand but improved margins and cost controls. The stock trades below sector valuations while its dividend yield is near historical highs, potentially offering an attractive entry point for investors.
Trinity Industries, Inc. ( TRN ) Q3 2025 Earnings Call October 30, 2025 8:00 AM EDT Company Participants Leigh Mann - Vice President of Investor Relations E. Savage - President, CEO & Director Eric Marchetto - Executive VP & CFO Conference Call Participants Andrzej Tomczyk - Goldman Sachs Group, Inc., Research Division Bascome Majors - Susquehanna Financial Group, LLLP, Research Division Presentation Operator Good day, everyone, and welcome to the Trinity Industries Third Quarter Ended September 30, 2025 Results Conference Call.
| - Industry | - Sector | E. Jean Savage CEO | XFRA Exchange | US8965221091 ISIN |
| US Country | 7,380 Employees | 15 Oct 2025 Last Dividend | 1 Nov 2018 Last Split | 30 Dec 1987 IPO Date |
Trinity Industries, Inc., operating under the name TrinityRail, is a leading provider of rail transportation products and services in North America. The company functions through two main segments: Railcar Leasing and Management Services Group, and Rail Products Group. With a rich history dating back to its incorporation in 1933, Trinity Industries has established a substantial footprint in the rail industry. Its corporate headquarters are located in Dallas, Texas. As of the end of 2023, Trinity Industries boasted a fleet of 109,295 railcars, showcasing its significant presence in the market. The company primarily caters to industrial shipper and railroad companies across diverse sectors such as agriculture, construction, metals, consumer products, energy, and refined products and chemicals.
This segment focuses on the leasing of freight and tank railcars. Beyond just leasing, it extends to originating and managing railcar leases for third-party investors, coupled with providing comprehensive fleet maintenance and management services. The services are targeted at supporting the operational needs of clients in various industries, ensuring they have the required rolling stock to meet their transportation demands.
The Rail Products Group segment is dedicated to manufacturing freight and tank railcars used for transporting a wide range of substances, including liquids, gases, and dry cargo. This segment doesn't stop at production; it also offers railcar maintenance and modification services to cater to the varying needs of its clients. The manufacturing and service offerings are tailored to meet the requirements of the railroads, leasing companies, and industrial shippers, providing them with solutions that enhance their operations and efficiency in moving goods across sectors.