Trinity Industries (TRN) Misses Q1 EPS by 19c; Reaffirms FY23 EPS Guidance

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Go back to Trinity Industries (TRN) Misses Q1 EPS by 19c; Reaffirms FY23 EPS Guidance

Trinity Industries, Inc. Announces First Quarter 2023 Results

May 2, 2023 6:55 AM EDT

Generates operating and adjusted free cash flow of $103 million and $36 million, respectively

Reports quarterly GAAP and adjusted earnings from continuing operations of $0.09 and $0.07 per diluted share, respectively

Lease fleet utilization of 98.2% and Future Lease Rate Differential ("FLRD") of positive 44.3% at quarter end

Delivered 4,045 railcars and received orders for 2,690 railcars in the quarter; backlog of $3.7 billion at quarter-end

DALLAS--(BUSINESS WIRE)-- Trinity Industries, Inc. (NYSE: TRN) today announced earnings results for the first quarter ended March 31,... More