Trinity Industries (TRN) Misses Q1 EPS by 6c; Guides In-Line

Trinity Industries (NYSE: TRN) reported Q1 EPS of $0.64, $0.06 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.34 billion.

GUIDANCE:

Trinity Industries sees FY2016 EPS of $2.00-$2.30, versus the consensus of $2.26.

“Trinity's first quarter financial results reflect the deterioration in demand for a number of our products,” said Timothy R. Wallace, Trinity’s Chairman, CEO and President. “Even though our financial results declined quarter over quarter and year over year, I am pleased with our Company's ability to make orderly transitions when market conditions shift. Our people did a good job transitioning from high production levels in the fourth quarter to much lower levels in the first quarter.”

Mr. Wallace added, “We are continuing to reposition and streamline our operations based on current demand levels. Trinity is a much stronger company today than in previous market downturns.”

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

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