Trinity Industries (TRN) Tops Q4 EPS by 21c; Guides Well Below the Street

Trinity Industries (NYSE: TRN) reported Q4 EPS of $1.30, $0.21 better than the analyst estimate of $1.09. Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.6 billion.

GUIDANCE:

Trinity Industries sees FY2016 EPS of $2.00-$2.40, versus the consensus of $3.64.

“During 2015, Trinity reported its third consecutive year of record revenues, operating profit, and earnings per common diluted share. We utilized the strengths of our integrated business model and the capabilities and expertise of our dedicated employees to achieve these impressive results,” said Timothy R. Wallace, Trinity’s Chairman, CEO and President.

Mr. Wallace added, “I am pleased that during the fourth quarter we expanded the RIV platform, selling approximately $335 million of leased railcars to a new institutional investor fund. We believe the RIV platform provides Trinity with a high degree of financial flexibility and contributes additional income through the profits recognized at sale and, in addition, management fees earned over the longer term.”

Mr. Wallace concluded, “Our outlook for 2016 reflects the weakening in the industrial economy that began broadly impacting our businesses late last summer. In this environment, we are placing a high priority on cost containment and various initiatives to enhance our performance. We will continue to reposition and streamline our manufacturing operations as business conditions fluctuate.”

For earnings history and earnings-related data on Trinity Industries (TRN) click here.

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