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Trinity Industries, Inc. (TRN)
NYSE:TRN
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.34Last Year’s EPS
0.29Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized resilient, high-return performance driven by the leasing platform, asset appreciation and strategic partnership actions that generated significant noncash gains and strong cash flow. These positives were balanced against meaningful volume-driven headwinds in manufacturing (Rail Products), a large year-over-year decline in deliveries, a one-time credit loss that pressured quarterly margins, elevated LTV after restructuring, and lower EPS guidance for 2026. Overall, management portrays confidence in the company’s structural strength, liquidity, and ability to generate value while acknowledging near-term demand and volume risks.Company Guidance
Strong Full-Year Earnings and ROE
Full year 2025 EPS of $3.14, up 73% year-over-year; adjusted return on equity of 24.4%, up 67% from the prior year (average adjusted ROE of 19.5% over first two years of the 3-year plan).
Robust Lease Fleet Metrics and Utilization
Lease fleet utilization of 97.1% and renewal success of 73% in Q4; renewing rates ~27% (28.6% cited) higher than expiring rates; FLRD remains positive for the 18th consecutive quarter with FLRD moderating to ~6%.
Material Embedded Asset Value and Partnership Gains
Railcar partnership restructuring produced a $194,000,000 noncash gain in Q4; full-year gains on railcar sales totaled $91,000,000; on-balance-sheet fleet of ~101,000 railcars carried at $6.3B with estimated market value 35%–45% above carrying value.
Solid Cash Generation and Capital Returned to Shareholders
Full-year cash flow from continuing operations of $367,000,000; net lease fleet investment of $350,000,000 (top of guidance); returned $170,000,000 to shareholders via dividends and repurchases; quarterly dividend raised to $0.31 (7th consecutive year of dividend growth, ~9% annualized growth).
Clear 2026 Guidance and Margin Targets
2026 EPS guidance of $1.85–$2.10 with Leasing & Services segment margin guidance of 40%–45% (including gains) and Rail Products margin guidance of 5%–6%; expected gains of $120M–$140M in 2026.
Scale and Fee Income from RIV Program
RIV program now ~45,000 railcars under management providing approximately $20,000,000 per year in servicing revenue, increasing platform scale and fee income.
Strong Liquidity and Balance Sheet Flexibility
Total liquidity of $1.1B (cash, revolver availability, and warehouse); active refinancing strategy and willingness to deploy capital with 2026 net lease fleet investment guidance of $450M–$550M.
Operational Resilience and Cost Actions
Rail Products delivered a full-year operating margin of 5.2% despite a 46% decline in deliveries year-over-year, attributed to cost discipline, automation, and workforce/headcount rationalization.
TRN Earnings History
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 |
|---|---|---|---|
Feb 12, 2026 | $31.68 | $34.58 | +9.15% |
Oct 30, 2025 | $27.52 | $26.75 | -2.80% |
Jul 31, 2025 | $24.44 | $22.79 | -6.73% |
May 01, 2025 | $24.29 | $23.59 | -2.87% |
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, Inc. (TRN) report earnings?
Trinity Industries, Inc. (TRN) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Trinity Industries, Inc. (TRN) earnings time?
Trinity Industries, Inc. (TRN) earnings time is at May 06, 2026, 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 2026 (Q1) is 0.34.