Trinity Industries Q1 revenue falls on lower railcar deliveries

Trinity Industries

30/04/2026 12:03

Overview

U.S. railcar maker's Q1 revenue fell yr/yr on lower deliveries

Adjusted EPS for Q1 rose slightly from last year

Company raised full-year EPS guidance by 16% at midpoint

Outlook

Trinity Industries raises 2026 EPS guidance to $2.20-$2.40 from $1.85-$2.10

Company expects industry railcar deliveries of approximately 25,000 units in 2026

Trinity plans net fleet investment of $350 mln to $450 mln and capital expenditures of $55 mln to $65 mln

Result Drivers

LOWER DELIVERIES - Revenue decline was driven by fewer railcar deliveries in the Rail Products Group

LEASE PORTFOLIO GAINS - Higher gains on lease portfolio sales and higher lease rates supported operating profit

HIGH UTILIZATION - Lease fleet utilization improved to 97.3% at quarter-end

Company press release: ID:nBw3mmdmMa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$492 mln
$538.87 mln (2 Analysts)
Q1 EPS
$0.32
Q1 EBITDA
$175.90 mln
Q1 Operating Income
$101.10 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

Wall Street's median 12-month price target for Trinity Industries Inc is $33.50, about 8.9% above its April 29 closing price of $30.76

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)