2023-08-01 06:59:13 ET
- Trinity Industries press release ( NYSE: TRN ): Q2 GAAP EPS of $0.23 misses by $0.08 .
- Revenue of $722M (+73.1% Y/Y) beats by $77.27M .
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Lease fleet utilization of 97.9% and Future Lease Rate Differential ("FLRD") of positive 29.5% at quarter end
Delivered 4,985 railcars and received orders for 4,770 railcars in the quarter; backlog of $3.6 billion at quarter-end
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2023 Guidance
- Industry deliveries of approximately 45,000 railcars
- Net investment in the lease fleet of $250 million to $350 million
- Manufacturing capital expenditures of $40 million to $50 million
- EPS of $1.35 to $1.45
- Excludes items outside of our core business operations
For further details see:
Trinity Industries GAAP EPS of $0.23 misses by $0.08, revenue of $722M beats by $77.27M