Trinity Industries, Inc. Announces Strong Improvement in First Quarter 2019 Results
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Trinity Industries (TRN) Tops Q1 EPS by 4c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Below Consensus
April 24, 2019 4:23 PM EDTTrinity Industries (NYSE: TRN) reported Q1 EPS of $0.24, $0.04 better than the analyst estimate of $0.20. Revenue for the quarter came in at $604.8 million versus the consensus estimate of $674.92 million.
Reported quarterly earnings from continuing operations per common diluted share ("EPS") of $0.24, an increase of 167% year over yearReported quarterly revenues from leasing and management services of $187.1 million with a 41.2% operating profit marginLeasing Group grew the wholly-owned and partially-owned lease fleet to 101,005 units, bringing the total net book value of the lease fleet (before deferred profit) to $7.2 billionLeasing Group reported lease fleet... More