Trinity Industries(US:TRN)2022-10-25 14:50Financial Performance - Adjusted EPS from continuing operations was $0.34, up $0.20 sequentially and $0.16 year-over-year[5, 51] - Q3 2022 revenue was $497 million, an increase of 18%[10] - Q3 2022 free cash flow was $(42) million, a decrease of 127%[13] - The company benefited from $300 million in lease portfolio sales[34] Rail Market and Leasing Segment - FLRD remains positive at 11.0%, and fleet utilization increased to 97.9%[5, 17, 51] - Completed a $254 million railcar sale to Wafra, resulting in a gain of $25 million[5, 51] - YTD net investment in the lease fleet was $176 million[31, 34] - A multi-year railcar order increased the backlog to $4.1 billion[5, 51] Capital Allocation and Outlook - Open market repurchases in the quarter totaled $14 million[31] - The company anticipates industry deliveries of 40,000 to 50,000 railcars for FY 2022[48] - Net fleet investment for FY 2022 is projected to be $250 million to $300 million[48]