Trinity Industries reports Q1 cont-op EPS 32c vs. 29c last year

Reports Q1 revenue $492M vs.$ 585.4M last year. “We’re pleased to raise our full-year EPS guidance to a range of $2.20-$2.40, representing a 16% increase at the midpoint,” said CEO Jean Savage. “This increase reflects higher gains on railcar sales driven by an active secondary market, alongside strong and consistent execution across our business…We did what we said we’d do in Q1, and we are raising our expectations for the full year based on what we see ahead. We remain focused on disciplined execution for our customers and shareholders.”