Group 1 - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and companies that generate it [1] - The service offers subscribers access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Group 2 - A two-week free trial is available for new subscribers, promoting engagement with the oil and gas market [2]

湖北汉江中院日前公布的一份判决书，披露了湖北省原副省长、中国长江三峡集团公司原董 事长曹广晶贪腐案部分细节。 该判决书显示，2010年上半年，时任中国长江某某集团公司董事长、党组书记的曹某晶， 在饭局上认识了乒乓球世界冠军滕某，因滕某曾系世界冠军，经常陪名人打球，在北京人脉 资源丰富，曹某晶希望通过滕某拓展自己人脉资源，便经常与滕某吃饭、聚会，二人交往密 切。 2012年至2018年期间，滕某作为曹某晶关系密切的人，受某某公司相关人员的请托，通过 曹某晶的职务行为，为某某公司中标某某集团向家坝水电站灌区工程北总干渠首部取水隧洞 工程（简称向家坝工程）和乌东德水电站系列工程谋取不正当利益，伙同陈某光、郭某北收 受某某公司好处费共计11557.6545万元，其中6757.6545万元既遂，4800万元未遂。 2024年9月13日，天门市法院一审判决滕某犯利用影响力受贿罪，判处有期徒刑十四年， 并处罚金人民币六百万元。滕某提起上诉。汉江法院二审后，维持了一审法院对滕某的一审 判决。 在中国乒乓球协会官网公布的世界冠军榜中，仅一人姓滕，即第八届世界杯男单冠军滕义， 滕义还是1987年第39届世乒赛男团冠军成员。 世界 ...

Group 1 - The Institute for Supply Management's manufacturing PMI is a crucial leading indicator of the US economy, closely monitored by analysts and portfolio managers [1] - Despite a prolonged slowdown in manufacturing industries, there are indications of resilience in the transportation sector [1] Group 2 - The investment strategy discussed combines a top-down view of the global economy with a bottom-up analysis of individual companies [1] - The approach involves identifying strong economies with favorable currencies using macro data and statistical tools, followed by sector selection likely to perform well in the near term [1] - The focus then shifts to quality companies that exhibit solid momentum and consistent results [1]

Financial Performance - Revenues for the nine months ended September 30, 2025, were $1,545.7 million, a decrease of 36.9% compared to $2,449.8 million for the same period in 2024[117] - Operating profit for the nine months ended September 30, 2025, was $313.8 million, down 17.3% from $379.5 million in the prior year[117] - Revenues for the three months ended September 30, 2025, were $454.1 million, a decrease of $344.7 million, or 43.2%, compared to the same period in 2024[128] - Operating profit for the three months ended September 30, 2025, totaled $118.6 million, a decrease of $3.8 million, or 3.1%, from the prior year period[132] - Rail Products Group revenues decreased by 53.8% to $278.8 million for the three months ended September 30, 2025, and by 47.9% to $992.8 million for the nine months ended September 30, 2025, primarily due to lower deliveries[145] Operational Metrics - The Leasing Group's lease fleet utilization was 96.8% as of September 30, 2025, compared to 96.6% for the same date in 2024[117] - The total value of the new railcar backlog at September 30, 2025, was $1.8 billion, down from $2.4 billion at the same time in 2024[117] - The Rail Products Group received orders for 3,355 railcars and delivered 6,555 railcars in the nine months ended September 30, 2025, compared to 6,185 orders and 13,810 deliveries in the same period of 2024[117] Investment and Financing - The company made a net fleet investment of approximately $387.4 million for the nine months ended September 30, 2025[117] - The company entered into an amended term loan agreement increasing the amount from $320.7 million to $1.05 billion and extending the maturity date to April 30, 2030[120] - On October 28, 2025, the company issued $535.2 million of Series 2025-1 Green Secured Railcar Equipment Notes with an interest rate of 5.11%[123] - Total borrowings during the nine months ended September 30, 2025, amounted to $1,284.1 million, with total debt repayments of $1,039.2 million, resulting in net proceeds of $244.9 million[161] Cash Flow and Liquidity - Net cash provided by operating activities from continuing operations for the nine months ended September 30, 2025, was $187.2 million, down from $383.5 million in 2024, a decrease of 51.2%[159] - Net cash used in investing activities for the nine months ended September 30, 2025, was $398.4 million, significantly higher than $105.2 million in 2024, reflecting increased fleet investments[160] - Total committed liquidity as of September 30, 2025, was $571.4 million, including $66.3 million in unrestricted cash and $502.7 million available under the revolving credit facility[154] Cost and Expenses - Cost of revenues for the three months ended September 30, 2025, was $312.7 million, a decrease of $316.6 million, or 50.3%, compared to the same period in 2024[129] - Selling, engineering, and administrative expenses for the three months ended September 30, 2025, were $45.2 million, a decrease of $15.3 million, or 25.3%, compared to the same period in 2024[130] - Cost of revenues increased by 6.9% to $180.5 million for the three months ended September 30, 2025, and by 7.1% to $531.3 million for the nine months ended September 30, 2025, primarily due to higher maintenance and compliance costs[141] Tax and Gains - The effective tax rate from continuing operations for the three months ended September 30, 2025, was an expense of 23.0%[135] - Gains on dispositions of property increased by $9.0 million for the three months ended September 30, 2025, primarily due to higher gains on lease portfolio sales[131] Future Outlook - The company anticipates a net fleet investment of between $250 million and $350 million for the full year 2025[163] - Cash flow from operations with net gains on lease portfolio sales for the nine months ended September 30, 2025, was $222.6 million, compared to $419.7 million in 2024, a decrease of 47.0%[169] - As of September 30, 2025, the company maintained a maximum leverage ratio of 2.19, well below the covenant limit of 3.75 to 1.00[162]

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Trinity Industries, Inc. Announces Third Quarter 2025 Results Reports quarterly earnings from continuing operations of $0.38 per diluted share Generates year-to-date operating cash flow of $187 million and net gains on lease portfolio sales of $35 million Lease fleet utilization of 96.8% and Future Lease Rate Differential ("FLRD") of positive 8.7% at quarter-end Delivered 1,680 railcars in the quarter; backlog of $1.8 billion at quarter-end DALLAS, Texas – Oct ...

Financial Data and Key Metrics Changes - Total revenues for the third quarter were $454 million, down both sequentially and year over year due to lower external deliveries in the Rail Products Group [13] - Earnings per share (EPS) for the quarter were $0.38, up sequentially due to favorable margin performance [13] - Full year EPS guidance has been raised to a range of $1.55 to $1.70, reflecting confidence in the business model and execution capabilities [5][18] Business Line Data and Key Metrics Changes - The railcar leasing and services segment saw revenue growth year over year, driven by higher fleet pricing and strong utilization of 96.8% [7] - Renewal rates were 25.1% above expiring rates with an 82% renewal success rate [7][30] - The Rail Products Group achieved a solid operating profit margin of 7.1% despite lower deliveries of 1,680 railcars [9][10] Market Data and Key Metrics Changes - The North American railcar fleet is contracting as scrapping is outpacing new railcar deliveries, with an expected 40,000 railcars to be scrapped this year [16] - Industry railcar orders were 3,071 in the quarter, well below expectations, indicating a challenging market environment [10] - The backlog stands at $1.8 billion, with approximately 21% expected to deliver by year-end [11] Company Strategy and Development Direction - The company is focused on leveraging its integrated platform of railcar leasing, manufacturing, and services to deliver value to shareholders and customers [11] - There is an emphasis on maintaining a well-utilized fleet and capitalizing on secondary market opportunities [8][12] - The company plans to continue prioritizing investment in its fleet for sustainable long-term returns [17] Management's Comments on Operating Environment and Future Outlook - Management noted that persistent market uncertainty has delayed customer decisions to invest in new railcars, but strong inquiries and discussions indicate potential for future growth [22] - The company expects industry deliveries in 2026 to be similar to 2025, reflecting ongoing market challenges [26] - Management remains confident in the ability to generate significant and consistent cash flows from the fleet [12] Other Important Information - Year-to-date cash flow from continuing operations was $187 million, with a net fleet investment of $387 million, exceeding full year guidance [14] - The company has returned $134 million of capital to shareholders through dividends and share buybacks [14] Q&A Session Summary Question: Current railcar delivery and order environment - Management indicated that the current backlog includes a multi-year order with 50% of the industry backlog, and industry deliveries are projected to be below replacement level demand [22] Question: Delivery gap versus replacement level demand - Management noted that the gap is primarily driven by delays in placing orders rather than a lack of need, with expectations for a pickup once market certainty improves [25] Question: Impact of Class 1 rail consolidation on asset utilization - Management discussed the potential for increased fluidity and speed in rail networks, which could lead to industry growth and fleet growth [28] Question: FLRD drop and expectations - Management explained that the drop in FLRD was due to higher expiring rates and some moderation in market rates for certain railcar types, but remains optimistic about leasing revenue growth [30] Question: Repricing of the fleet - Approximately 65% of the fleet has been repriced, with expectations for continued growth in lease revenue [33] Question: Secondary market performance - Management expressed confidence in the strong secondary market, which has become a primary avenue for growth due to softness in the new car market [51] Question: ABS deal and credit investor appetite - Management reported strong demand for their ABS issuance, highlighting flexibility and positive reception from investors [56]

Financial Data and Key Metrics Changes - Total revenues for Q3 2025 were $454 million, down both sequentially and year over year due to lower external deliveries in the Rail Products Group [15] - Earnings per share (EPS) for the quarter increased to $0.38 sequentially, attributed to favorable margin performance despite lower deliveries [15] - Full year EPS guidance has been raised to a range of $1.55 to $1.70, reflecting confidence in the business model and execution capabilities [6][19] Business Line Data and Key Metrics Changes - The railcar leasing and services segment saw revenue growth year over year, driven by higher fleet pricing and strong utilization of 96.8% [7] - Renewal rates were 25.1% above expiring rates with an 82% renewal success rate [8] - The Rail Products Group achieved a solid operating profit margin of 7.1% despite lower deliveries of 1,680 railcars [9][11] Market Data and Key Metrics Changes - The North American railcar fleet is contracting as scrapping outpaces new railcar deliveries, with an expected 40,000 railcars to be scrapped this year [17][31] - Industry railcar orders in Q3 were 3,071, significantly below expectations, indicating a challenging market environment [11] - The backlog stands at $1.8 billion, with approximately 21% expected to deliver by year-end [13] Company Strategy and Development Direction - The company is focused on leveraging its integrated platform of railcar leasing, manufacturing, and services to deliver value to shareholders and customers [13] - Continued investment in the fleet is prioritized to provide sustainable long-term returns [19] - The company expects secondary market activity to accelerate in Q4, optimizing and monetizing its fleet [8] Management's Comments on Operating Environment and Future Outlook - Management noted persistent market uncertainty has delayed customer decisions to invest in new railcars, but existing railcars are being retained [7] - The company anticipates a similar industry delivery environment in 2026 as in 2025, with ongoing discussions indicating potential for future growth [27][34] - Management expressed confidence in the leasing market and the performance of the leasing portfolio [39] Other Important Information - Year-to-date cash flow from continuing operations was $187 million, with a net fleet investment of $387 million, exceeding full year guidance [16] - The company returned $134 million of capital to shareholders through dividends and share buybacks [16] - The loan to value ratio remains within the target range at 68.5% [17] Q&A Session Summary Question: Current railcar delivery and order environment - Management indicated that the current environment shows strong inquiries but delayed orders due to uncertainty [27][30] Question: Delivery gap versus replacement level demand - The gap is primarily driven by delays in placing orders rather than a lack of need, with expectations for a pickup once certainty returns [31] Question: Potential for Class 1 rail consolidation - Management acknowledged that consolidation could enhance asset utilization but emphasized the need for proof of modal share growth [36] Question: FLRD drop and expectations - The drop was attributed to higher expiring rates and some moderation in market rates, but the leasing environment remains favorable [39] Question: Repricing of the fleet - Approximately 65% of the fleet has been repriced, with continued opportunities for revenue growth from leasing [41] Question: Market conditions and guidance for next year - Management refrained from providing specific guidance for 2026 but indicated a steady outlook for leasing and secondary market performance [68]

Q3 2025 Investor Presentation October 30, 2025 – based on financial results as of September 30, 2025 Forward Looking Statements Some statements in this presentation, which are not historical facts, are "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Trinity's estimates, expectations, beliefs, intentions or strategies for the future, and the assumptions underlying these forward-looking statements, including, ...

Group 1: Dividend Increases - Terreno Realty has raised its dividends for 13 consecutive years, with the latest increase from $0.49 to $0.52 per share, resulting in an annual figure of $2.08 per share and a dividend yield of 3.61% [3][4] - Trinity Industries has increased its dividends for 15 consecutive years, with the most recent hike from $0.28 to $0.30 per share, equating to an annual figure of $1.20 per share and a dividend yield of 4.31% [6] - Stanley Black & Decker is recognized as a global provider of tools and outdoor products, although specific recent dividend information is not provided in the documents [8] Group 2: Financial Performance - Terreno Realty reported annual revenue of $426 million as of June 30, with Q2 2025 revenues of $112.23 million, which missed the consensus estimate of $113.66 million, while EPS of $0.64 exceeded the consensus of $0.49 [4] - Trinity Industries had annual revenue of $2.52 billion as of June 30, with Q2 2025 revenues of $506.20 million and EPS of $0.19, both below consensus estimates [7]

Core Viewpoint - Trinity Industries Inc. (NYSE: TRN) has seen a significant increase in share price, rising approximately 47% since early 2023, while the S&P 500 has gained about 55% during the same period [1]. Group 1: Company Performance - The company has experienced a notable rise in stock value, indicating positive market sentiment and potential growth opportunities [1]. - The investment strategy employed involves a combination of fundamental analysis and momentum research, suggesting a data-driven approach to identifying investment opportunities [1]. Group 2: Investment Strategy - The investment approach focuses on tracking levels of optimism and pessimism in stock prices, aiming to exploit market discrepancies between perceived and likely outcomes [1]. - The strategy targets companies with a higher probability of delivering unexpected positive results in the near future, reflecting a proactive investment philosophy [1].