Trinity Industries, Inc. (NYSE:TRN ) Q1 2025 Results Conference Call May 1, 2025 8:00 AM ET Company Participants Leigh Anne Mann - VP, IR Jean Savage - President and CEO Eric Marchetto - CFO Conference Call Participants Bascome Majors - Susquehanna Andrzej Tomczyk - Goldman Sachs Operator Good morning, and welcome to the Trinity Industries Inc. First Quarter 2025 Earnings Call. [Operator Instructions] Please note, this event is being recorded.
Trinity Industries has shown impressive financial performance, but weakening industry conditions and declining backlog prompt a downgrade to 'hold' until further data is available. Despite a 56.7% stock increase since June 2021, industry uncertainties and expected lower railcar deliveries justify a cautious outlook. The company's leasing operations remain a significant profit driver, but declining orders and backlog signal potential future challenges.
Trinity Industries has a Strong Buy rating from Seeking Alpha's Quant system and a Buy rating from me, with a modest price gain expected. Trinity's revenue, EBITDA, and net income have risen steadily over the past four quarters, with no indication of troubles ahead for the company or the railcar industry. Trinity's Q3 earnings beat estimates, and the company has a strong dividend yield of 3.01%, with a five-year dividend growth rate averaging 11.84%.
![]() TRN In 2 days Announced | Quarterly | $0.3 Per Share |
![]() TRN 2 months ago Paid | Quarterly | $0.3 Per Share |
![]() TRN 5 months ago Paid | Quarterly | $0.3 Per Share |
![]() TRN 8 months ago Paid | Quarterly | $0.28 Per Share |
![]() TRN 11 months ago Paid | Quarterly | $0.28 Per Share |
30 Jul 2025 (In 2 weeks) Date | | 0.41 Cons. EPS | - EPS |
29 Apr 2025 Date | | 0.39 Cons. EPS | - EPS |
20 Feb 2025 Date | | 0.34 Cons. EPS | 0.39 EPS |
31 Oct 2024 Date | | 0.38 Cons. EPS | 0.37 EPS |
1 Aug 2024 Date | | 0.34 Cons. EPS | 0.66 EPS |
![]() TRN In 2 days Announced | Quarterly | $0.3 Per Share |
![]() TRN 2 months ago Paid | Quarterly | $0.3 Per Share |
![]() TRN 5 months ago Paid | Quarterly | $0.3 Per Share |
![]() TRN 8 months ago Paid | Quarterly | $0.28 Per Share |
![]() TRN 11 months ago Paid | Quarterly | $0.28 Per Share |
30 Jul 2025 (In 2 weeks) Date | | 0.41 Cons. EPS | - EPS |
29 Apr 2025 Date | | 0.39 Cons. EPS | - EPS |
20 Feb 2025 Date | | 0.34 Cons. EPS | 0.39 EPS |
31 Oct 2024 Date | | 0.38 Cons. EPS | 0.37 EPS |
1 Aug 2024 Date | | 0.34 Cons. EPS | 0.66 EPS |
Railroads Industry | Industrials Sector | E. Jean Savage CEO | WSE Exchange | US8965221091 ISIN |
US Country | 7,380 Employees | 15 Jul 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.