Trinity Industries, Inc. Announces Strong Improvement in Second Quarter 2019 Results
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Trinity Industries (TRN) Misses Q2 EPS by 2c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Below Consensus
July 24, 2019 4:53 PM EDTTrinity Industries (NYSE: TRN) reported Q2 EPS of $0.29, $0.02 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $736 million versus the consensus estimate of $781.4 million.
Reported quarterly total company revenue of $736.0 million, reflecting growth of 16% year over yearReported quarterly earnings from continuing operations per common diluted share ("EPS") of $0.29, an increase of 21% year over yearReported quarterly revenues from leasing and management services of $189.4 million with a 41.0% operating profit marginLeasing Group grew the wholly-owned and partially-owned lease fleet to 102,140 units, bringing the total net book value of the... More