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Trinity Industries Q3 revenue rises on higher railcar deliveries

By Reuters News


Overview

  • North America railcar maker's Q3 revenue rose 18% yr/yr to $535 mln

  • Q3 adjusted EPS fell to $0.27 from $0.38 a year earlier

  • Company acquired Rubber Lining Specialists to expand rail services


Outlook

  • Trinity sees 2026 EPS of $2.20 to $2.40, excluding items outside core operations

  • Company expects 2026 net fleet investment of $300 mln to $350 mln

  • Trinity forecasts 2026 operating and administrative capital expenditures of $55 mln to $65 mln


Result Drivers

  • HIGHER DELIVERIES - Co said increased railcar deliveries, including sustainable railcar conversions, contributed to revenue growth

  • LEASE PLATFORM PERFORMANCE - Co cited strong lease fleet utilization at 97% and improved renewal rates as supporting results

  • GAIN ON FACILITY SALE - Co said segment margin in Rail Products improved, excluding the gain on sale of a manufacturing facility


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$535.10 mln

$498.36 mln (2 Analysts)

Q3 EPS

$0.27

Q3 EBITDA

$168.60 mln

Q3 Operating Income

$95.60 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

  • Wall Street's median 12-month price target for Trinity Industries Inc is $31.00, about 21.3% above its October 28 closing price of $25.56

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Oct 27 - Truck maker Paccar Q3 revenue beats on parts, financial services growth

  • Oct 28 - Specialized equipment maker Terex Q3 sales beat on higher shipment volumes

  • Oct 27 - Illinois Tool Works Inc beats Q3 EPS estimates, raises 2026 outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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