The earnings call highlights a strong performance in the leasing business and a positive market outlook, with signs of recovery and improved order volumes. However, challenges in the Rail Products segment and increased costs present obstacles. Overall, the sentiment is mixed with a cautious optimism for the second half of the year.

Company Guidance -

Q3 2025

During the Trinity Industries Q2 2025 Earnings Call, CEO Jean Savage highlighted the company's strong performance, focusing on the leasing segment's exceptional results. Key metrics included a 1.3x book-to-bill ratio and a solid 96.8% fleet utilization rate. The Railcar Leasing and Services segment saw a 21% year-over-year increase in quarterly maintenance services revenue, with future lease rate differential (FRD) standing at 18.3%. Renewal rates were 17.9% above expiring rates, with an 89% renewal success rate. Trinity completed $29 million in lease fleet portfolio sales, generating gains of $8 million. The Rail Products segment reported a 3% operating margin, delivering 1,815 railcars, with orders for 2,310 railcars and a book-to-bill ratio above 1x, marking a positive momentum. CFO Eric Marchetto reiterated the full-year EPS guidance of $1.40 to $1.60 and highlighted a $40 million purchase of transferable tax credits, reducing the effective tax rate to 15.8%. The company maintained segment margin guidance and expected stronger performance in the latter half of the year, driven by higher deliveries and improved operating efficiency.

Strong Leasing Business Performance

The leasing business performed exceptionally well, with segment revenues increasing both sequentially and year-over-year due to higher lease rates. The renewal success rate was 89%, with a fleet utilization rate of 96.8%.

Positive Market Outlook

The market shows signs of recovery with a book-to-bill ratio of 1.3x and expected increases in deliveries. The overall industry deliveries are projected to be in the range of 28,000 to 33,000 for the year.

Financial Strength and Flexibility

The company reported $792 million in liquidity and maintained a strong balance sheet, providing flexibility under various market conditions.

Increased Guidance for Gains on Lease Portfolio Sales

The guidance for gains on lease portfolio sales increased from $40-50 million to $50-60 million for the full year, indicating a robust secondary market.

Trinity Industries (TRN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TRN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.35 / -	0.43	―	―	―
Jul 31, 2025	2025 (Q2)	0.27 / 0.19	0.66	-71.21% (-0.47)
May 01, 2025	2025 (Q1)	0.32 / 0.29	0.33	-12.12% (-0.04)
Feb 20, 2025	2024 (Q4)	0.33 / 0.39	0.82	-52.44% (-0.43)
Oct 31, 2024	2024 (Q3)	0.38 / 0.43	0.26	65.38% (+0.17)
Aug 01, 2024	2024 (Q2)	0.34 / 0.66	0.23	186.96% (+0.43)
May 01, 2024	2024 (Q1)	0.22 / 0.33	0.07	371.43% (+0.26)
Feb 22, 2024	2023 (Q4)	0.64 / 0.82	0.44	86.36% (+0.38)
Nov 02, 2023	2023 (Q3)	0.26 / 0.26	0.34	-23.53% (-0.08)
Aug 01, 2023	2023 (Q2)	0.32 / 0.23	0.14	64.29% (+0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TRN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$24.98	$23.30	-6.73%
May 01, 2025	$24.83	$24.12	-2.86%
Feb 20, 2025	$33.44	$30.66	-8.31%
Oct 31, 2024	$34.65	$33.24	-4.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Trinity Industries (TRN) report earnings?

Trinity Industries (TRN) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Trinity Industries (TRN) earnings time?

Trinity Industries (TRN) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TRN EPS forecast?

TRN EPS forecast for the fiscal quarter 2025 (Q3) is 0.35.

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