Trinity Industries, Inc. (TRN) saw its stock price plummet by 5.58% in pre-market trading on Thursday after the company released its fourth-quarter and full-year 2024 financial results, along with disappointing earnings guidance for 2025.
The rail transportation products and services provider reported adjusted earnings of $1.82 per diluted share for the full year 2024, up 32% from the previous year. However, the company's 2025 earnings per share (EPS) guidance range of $1.50 to $1.80 fell short of analysts' expectations of $1.68.
According to Trinity's CEO Jean Savage, the lower-than-expected earnings guidance for 2025 is primarily due to anticipated lower industry deliveries and uncertainty surrounding tariffs, which is delaying investment decisions. The company expects industry railcar deliveries to decline by approximately 20% in 2025 compared to 2024 levels.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.