Trinity Industries(US:TRN)2026-02-12 14:28Financial Performance - Full year earnings from continuing operations were $3.14 per diluted share, an improvement of $1.33 year over year[5] - Full year total company revenues were $2.2 billion, reflecting a decrease from $3.08 billion in 2024[8] - Revenues for the year ended December 31, 2025, were $2,156.9 million, a decrease of 30% compared to $3,079.2 million for the year ended December 31, 2024[18] - Net income attributable to Trinity Industries, Inc. for the year ended December 31, 2025, was $253.1 million, compared to $138.4 million in 2024, representing an increase of 83%[18] - Basic earnings per share for the year ended December 31, 2025, were $3.13, up from $1.69 in 2024, reflecting an increase of 85%[18] - Operating profit for the year ended December 31, 2025, was $649.2 million, an increase of 32% from $491.5 million in 2024[18] - Income from continuing operations for the year ended December 31, 2024, was $171.4 million, with a net income attributable to Trinity Industries, Inc. of $152.7 million[23] - Operating profit for the year ended December 31, 2024, was $491.5 million, with an adjusted operating profit of $493.1 million[23] Cash Flow and Liquidity - Generated full year operating cash flow of $367 million, with net gains on lease portfolio sales amounting to $91 million[7] - Net cash provided by operating activities for continuing operations was $366.9 million for the year ended December 31, 2025, compared to $588.1 million in 2024, a decrease of 38%[21] - Cash flow from operations with net gains on lease portfolio sales for the year ended December 31, 2024, was $645.4 million[27] - Total committed liquidity was $1.1 billion as of December 31, 2025[10] - Cash and cash equivalents at the end of the period were $201.3 million, down from $228.2 million at the end of 2024[20] Investments and Expenditures - Capital expenditures for the lease fleet were $749.3 million in 2025, an increase from $541.9 million in 2024[21] - The company reported a net cash used in investing activities of $385.6 million for the year ended December 31, 2025, compared to $214.6 million in 2024[21] - Trinity Industries anticipates continued focus on railcar leasing and services, with strategic investments in technology and market expansion planned for the upcoming fiscal year[16] Operational Metrics - Lease fleet utilization reached 97.1% with a Future Lease Rate Differential (FLRD) of positive 6.0% at quarter-end[3] - Delivered 9,500 railcars in 2025, with a backlog valued at $1.7 billion at year-end[3] - Recognized a non-cash pre-tax gain of $194 million from railcar partnership restructuring[7] Return on Equity - Achieved an Adjusted Return on Equity (ROE) of 24.4% for the year[5] - Adjusted Return on Equity for the year ended December 31, 2024, was 24.4%, compared to 14.6% in 2023[25]