Trinity Industries Q3 earnings: First Look

FreightWaves

2024-11-01

(Photo: Trinity Rail)

Third-quarter revenue declined but operating profit improved for railcar builder Trinity Industries.

Revenues were $799 million for the third quarter ended Sept. 30, down from $821 million in the year-ago quarter.

The Dallas-based company (NYSE: TRN) said in an earnings release that lower deliveries of 4,360 railcars was partially offset by favorable pricing and more outside repair work.

Trinity took in orders for 1,810 new railcars.

Operating profit totaled $122 million, up from $100 million on improved railcar lease rates and improved efficiencies in the Rail Products Group.

Net income rose to $37 million from $25 million.

Adjusted earnings per share was $.43, compared with $.26 a year ago.

The company forecast full-year earnings of $1.70-1.80 per share.

Find more articles by Stuart Chirls here.

Related coverage:

ILA says Clean Port grants a ‘big win’ for union jobs

Millions in funding for key Montreal port commodity

Greenbrier Q4 rolls on higher railcar deliveries

The post Trinity Industries Q3 earnings: First Look appeared first on FreightWaves.

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrinity Industries Q3 earnings: First Look\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">FreightWaves</strong><span class=\"h-time small\">2024-11-01 06:39</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><figure>\n<img height=\"1088\" src=\"https://s1.yimg.com/uu/api/res/1.2/x7FXPL32JiFetfyDODkW6g--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/freightwaves_373/54312c53a611163296f52dae3e32e5fc\" width=\"1200\"/>\n<figcaption>\n  (Photo: Trinity Rail)\n </figcaption>\n</figure>\n<p>Third-quarter revenue declined but operating profit improved for railcar builder Trinity Industries.</p>\n<p>Revenues were $799 million for the third quarter ended Sept. 30, down from $821 million in the year-ago quarter. </p>\n<p>The Dallas-based company (NYSE: TRN) said in an earnings release that lower deliveries of 4,360 railcars was partially offset by favorable pricing and more outside repair work.</p>\n<p>Trinity took in orders for 1,810 new railcars.</p>\n<p>Operating profit totaled $122 million, up from $100 million on improved railcar lease rates and improved efficiencies in the Rail Products Group.  </p>\n<p>Net income rose to $37 million from $25 million.</p>\n<p>Adjusted earnings per share was $.43, compared with $.26 a year ago.</p>\n<p>The company forecast full-year earnings of $1.70-1.80 per share.</p>\n<p><em>Find more articles by Stuart Chirls <strong>here</strong>.</em></p>\n<p><strong><em>Related coverage:</em></strong></p>\n<p><em>ILA says Clean Port grants a ‘big win’ for union jobs</em></p>\n<p><em>Millions in funding for key Montreal port commodity</em></p>\n<p><em>Greenbrier Q4 rolls on higher railcar deliveries</em></p>\n<p>The post Trinity Industries Q3 earnings: First Look appeared first on FreightWaves.</p></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/trinity-industries-q3-earnings-first-223934365.html\">FreightWaves</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TRN","symbol_name":"Trinity Industries Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/trinity-industries-q3-earnings-first-223934365.html","article_id":"2480209460","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/F.LzmGYlg9m8NPkUPPwERw--~B/aD0xMDg4O3c9MTIwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/freightwaves_373/54312c53a611163296f52dae3e32e5fc"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480209460","pubTimestamp":1730414374,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Third-quarter revenue declined but operating profit improved for railcar builder Trinity Industries.Revenues were $799 million for the third quarter ended Sept. 30, down from $821 million in the year-ago quarter.The Dallas-based company  said in an earnings release that lower deliveries of 4,360 railcars was partially offset by favorable pricing and more outside repair work.Trinity took in orders for 1,810 new railcars.Operating profit totaled $122 million, up from $100 million on improved railcar lease rates and improved efficiencies in the Rail Products Group.Net income rose to $37 million from $25 million.Adjusted earnings per share was $.43, compared with $.26 a year ago.The company forecast full-year earnings of $1.70-1.80 per share.ILA says Clean Port grants a ‘big win’ for union jobs. Millions in funding for key Montreal port commodity. The post Trinity Industries Q3 earnings: First Look appeared first on FreightWaves.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TRN":"Trinity Industries Inc"},"translate_title":"三一工业第三季度收益：第一眼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TRN":0.9},"content_text":"(Photo: Trinity Rail)\n \n\nThird-quarter revenue declined but operating profit improved for railcar builder Trinity Industries.\nRevenues were $799 million for the third quarter ended Sept. 30, down from $821 million in the year-ago quarter. \nThe Dallas-based company (NYSE: TRN) said in an earnings release that lower deliveries of 4,360 railcars was partially offset by favorable pricing and more outside repair work.\nTrinity took in orders for 1,810 new railcars.\nOperating profit totaled $122 million, up from $100 million on improved railcar lease rates and improved efficiencies in the Rail Products Group.  \nNet income rose to $37 million from $25 million.\nAdjusted earnings per share was $.43, compared with $.26 a year ago.\nThe company forecast full-year earnings of $1.70-1.80 per share.\nFind more articles by Stuart Chirls here.\nRelated coverage:\nILA says Clean Port grants a ‘big win’ for union jobs\nMillions in funding for key Montreal port commodity\nGreenbrier Q4 rolls on higher railcar deliveries\nThe post Trinity Industries Q3 earnings: First Look appeared first on FreightWaves.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}