2023-05-02 06:56:35 ET
- Trinity Industries press release ( NYSE: TRN ): Q1 Non-GAAP EPS of $0.07 misses by $0.18 .
- Revenue of $641.7M (+35.8% Y/Y) misses by $12.93M .
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Lease fleet utilization of 98.2% and Future Lease Rate Differential ("FLRD") of positive 44.3% at quarter end
Delivered 4,045 railcars and received orders for 2,690 railcars in the quarter; backlog of $3.7 billion at quarter-end
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2023 Guidance
- Industry deliveries of 40,000 to 45,000 railcars
- Net investment in the lease fleet of $250 million to $350 million
- Manufacturing capital expenditures of $40 million to $50 million
- Confirming EPS of $1.50 to $1.70
- Excludes items outside of our core business operations
For further details see:
Trinity Industries Non-GAAP EPS of $0.07 misses by $0.18, revenue of $641.7M misses by $12.93M