Trinity Industries Q3 revenue rises on higher railcar deliveries
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.)