Financial Performance - Quarterly total revenues of $799 million, with a year-over-year adjusted EPS improvement of $0.17 to $0.43[2] - Operating profit increased to $122.4 million, up from $100.2 million year-over-year[5] - Revenues for the three months ended September 30, 2024, were $798.8 million, a decrease of 2.9% from $821.3 million in the same period last year[18] - Operating profit increased to $122.4 million for the three months ended September 30, 2024, compared to $100.2 million in the prior year, representing a 22.0% increase[18] - Net income attributable to Trinity Industries, Inc. was $31.4 million, up from $21.8 million, reflecting a 44.0% increase year-over-year[18] - Basic earnings per share from continuing operations rose to $0.45, compared to $0.30 in the same quarter last year, marking a 50.0% increase[18] - Operating profit for the three months ended September 30, 2023, was $100.2 million, with an adjusted profit of $96.5 million[28] - Income from continuing operations before income taxes for the nine months ended September 30, 2023, was $68.5 million, down from $62.3 million in the previous year[29] - Net income from continuing operations attributable to Trinity Industries, Inc. for the nine months ended September 30, 2023, was $51.3 million, compared to $46.7 million in the prior year[29] - Diluted income from continuing operations per common share for the three months ended September 30, 2023, was $0.29, down from $0.26 in the previous year[28] Cash Flow and Liquidity - Year-to-date operating cash flow from continuing operations totaled $384 million, with net gains on lease portfolio sales of $36 million[2] - Cash and cash equivalents increased to $222.4 million as of September 30, 2024, from $105.7 million at the end of December 2023[20] - Net cash provided by operating activities for continuing operations was $383.5 million, significantly higher than $215.8 million in the prior year[22] - Proceeds from lease portfolio sales amounted to $253.7 million, compared to $245.8 million in the same period last year[22] - The company reported a net cash increase of $97.3 million during the period, contrasting with a decrease of $27.6 million in the previous year[22] - Cash flow from operations with net gains on lease portfolio sales for the nine months ended September 30, 2024, was $419.7 million, compared to $262.2 million for the same period in 2023[36] - Total committed liquidity as of September 30, 2024, was $924 million[9] Operational Efficiency - Lease fleet utilization reached 96.6% and Future Lease Rate Differential (FLRD) was positive at 28.4%[2] - Railcar Leasing and Services segment revenues rose by 11% year-over-year, with operating profit margin improving to 39.8%[11] - Operating profit margin for the Rail Products Group improved to 8.1%, driven by enhanced labor and operational efficiencies[11] - Trinity Industries plans to continue focusing on operational efficiency and strategic investments to drive future growth[24] Orders and Backlog - Delivered 4,360 railcars in the quarter, with a backlog valued at $2.4 billion[1] - New railcar orders totaled 1,810, down from 3,200 in the previous year[11] Equity and Valuation - Total stockholders' equity as of September 30, 2023, was $1,298.5 million, an increase from $1,253.4 million in the previous year[32] - Adjusted Return on Equity for the year ending September 30, 2024, was 16.0%, up from 18.3% in the previous year[32] EBITDA - EBITDA for the three months ended September 30, 2024, was $200.9 million, compared to $177.5 million in the previous year[38] - Adjusted EBITDA for the nine months ended September 30, 2024, was $611.8 million, compared to $488.7 million in the previous year[38] Guidance - Full year EPS guidance raised to a range of $1.70 to $1.80, excluding items outside core operations[3]

Core Viewpoint - Trinity Industries (TRN) is experiencing strong growth driven by its Railcar Leasing and Management Services Group and Rail Products segments, leading to impressive share performance and shareholder rewards through dividends and buybacks [1][5][6]. Financial Performance - TRN reported a 26% year-over-year increase in revenue for Q1 2024, supported by strong segment performance [5]. - The Zacks Consensus Estimate for earnings per share has been revised upward by 43.5% for the current quarter and by 8.7% for the current year [4]. Shareholder Returns - The company has consistently rewarded shareholders, paying out dividends of $86 million in 2023, $76.9 million in 2022, and $88.5 million in 2021, with $23 million in Q1 2024 [6]. - Share repurchases amounted to $51.8 million in 2022 and $833.4 million in 2021, enhancing investor confidence [6]. Investment Potential - TRN holds a Zacks Rank of 2 (Buy) and a VGM Score of B, indicating strong investment potential [2]. - The stock has risen 2.4% over the past 30 days, outperforming the industry growth of 1.8% [3]. Industry Context - The industry ranking for TRN is 55 out of 249, placing it in the top 22% of Zacks Industries, which is crucial for stock performance [7].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR Dallas, Texas 75254-2957 (Address of principal executive offices) (Zip Code) (214) 631-4420 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...

Trinity Industries, Inc. (NYSE:TRN) Q1 2024 Earnings Conference Call May 1, 2024 8:00 AM ET Company Participants Leigh Anne Mann - Vice President, Investor Relations Jean Savage - President and CEO Eric Marchetto - Chief Financial Officer Conference Call Participants Justin Long - Stephens Bascome Majors - Susquehanna Steve Barger - KeyBanc Capital Markets Operator Good day. And welcome to the Trinity Industries First Quarter Ended March 31, 2024 Results Conference Call. All participants will be in a listen ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Trinity Industries, Inc. Announces First Quarter 2024 Results Reports both quarterly GAAP and adjusted earnings from continuing operations of $0.33 per diluted share Lease fleet utilization of 97.5% and Future Lease Rate Differential ("FLRD") of positive 34.7% at quarter-end Generates operating and adjusted free cash flow of $57 million and $12 million, respectively Delivered 4,695 railcars in the quarter; backlog of $2.9 billion at quarter-end DALLAS, Texas – ...

Trinity Industries, Inc. (NYSE:TRN) Q4 2023 Earnings Conference Call February 22, 2024 8:00 AM ET Company Participants Leigh Anne Mann - VP, IR Jean Savage - CEO and President Eric Marchetto - CFO Conference Call Participants Allison Poliniak - Wells Fargo Justin Long - Stephens Inc. Matt Elkott - TD Cowen Christian Zyla - KeyBanc Capital Markets Operator Good day, and welcome to the Trinity Industries' Fourth Quarter and Full Year 2023 Results Conference Call. [Operator Instructions] Please note, today's e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-6903 (Exact name of registrant as specified in its charter) Delaware 75-0225040 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identific ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Trinity Industries, Inc. Announces Fourth Quarter and Full Year 2023 Results Reports full year GAAP and adjusted earnings from continuing operations of $1.43 and $1.38 per diluted share, respectively Lease fleet utilization of 97.5% and Future Lease Rate Differential ("FLRD") of positive 23.7% at quarter-end Generates full year operating and adjusted free cash flow of $309 million and $29 million, respectively Delivered 17,355 railcars in the year; backlog of ...

Trinity Industries, Inc. (NYSE:TRN) Q3 2023 Earnings Conference Call November 2, 2023 8:00 AM ET Company Participants Leigh Mann - VP, IR Jean Savage - President, CEO & Director Eric Marchetto - EVP & CFO Conference Call Participants Allison Poliniak - Wells Fargo Securities Justin Long - Stephens Inc. Bascome Majors - Susquehanna Financial Group Matthew Elkott - TD Cowen Operator Good day, and welcome to the Trinity Industries Third Quarter and 9 months ended September 30, 2023 Results Conference Call. [Op ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ . Commission File Number 1-6903 (Exact name of registrant as specified in its charter) Delaware 75-0225040 (State or Other Jurisdic ...