Trinity Industries presented a strong performance in its leasing business and managed to maintain positive order momentum in the Rail Products segment despite challenges. Increased cash flow and liquidity position the company well for future growth. However, increased costs, severance expenses, and production adjustments due to lower order volumes present challenges.

Company Guidance

During the Trinity Industries Q2 2025 earnings call, CEO Jean Savage and CFO Eric Marchetto provided guidance highlighting several key metrics. Trinity expects the North American railcar industry to achieve full-year deliveries in the range of 28,000 to 33,000 railcars. The Railcar Leasing and Services segment reported a robust performance with a future lease rate differential at 18.3% and a renewal success rate of 89%, maintaining a high fleet utilization of 96.8%. Trinity's Rail Products segment anticipates full-year operating margins between 5% and 6%, supported by strategic initiatives and expected higher deliveries in the latter half of the year. The company also projects full-year EPS guidance of $1.40 to $1.60, factoring in severance expenses. Marchetto emphasized the positive impact of recent tax legislation on cash flow, projecting gains on lease portfolio sales between $50 million and $60 million for the year. The call underscored Trinity's optimism regarding improved order volumes and financial performance in the second half of 2025.

Strong Leasing Business Performance

Trinity's leasing business continues to perform exceptionally well with segment revenues increasing both sequentially and year-over-year due to higher lease rates. The future lease rate differential for FRD stands at an impressive 18.3% for the quarter, marking 13 consecutive quarters in double digits.

Rail Products Segment Improvement

The Rail Products segment received orders for 2,310 railcars with a book-to-bill ratio above 1x for the first time in 10 quarters, indicating positive order momentum expected to continue.

Increased Cash Flow and Liquidity

Year-to-date cash flow from continuing operations is $142 million, with $792 million in liquidity. The company is well-positioned for market conditions with significant flexibility.

Optimistic Future Outlook

Trinity expects stronger deliveries in the latter part of the year and into 2026, with expectations of a positive impact from recent tax legislation and trade developments.

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

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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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