Trinity Industries, Inc. Announces Third Quarter 2026 Results
Business Wire•29/10/2026•06:55 ET
0
Key Highlights
- ➤Q3 revenue $535.1 million, up 18% year over year
- ➤Q3 diluted EPS $0.27, down from $0.38
- ➤2026 EPS guidance remains $2.20 to $2.40
- ➤Railcar backlog reached $1.6 billion at quarter-end
- ➤Year-to-date operating cash flow reached $243 million
Expert Statements
Jean Savage, Chief Executive Officer and President of Trinity Industries
“Our third quarter reflects a business positioned for growth, with momentum building”
Jean Savage, Chief Executive Officer and President of Trinity Industries
“Revenues grew 18% year over year, and last twelve months Adjusted ROE was 31.8%, above our target range, reflecting both the value unlocked through our railcar partnership transactions and improving operational performance.”
Jean Savage, Chief Executive Officer and President of Trinity Industries
“Our leasing platform continues to perform. Fleet utilization was 97%, renewal success improved to 89%, and renewal rates were 4.1% above expiring rates. Lease rates have not risen as quickly as asset values, which we believe leaves considerable room for further improvement.”
Jean Savage, Chief Executive Officer and President of Trinity Industries
“In Rail Products, deliveries increased 29% sequentially and orders exceeded deliveries. Excluding the gain on the sale of a facility, segment margin improved from the second quarter. A shrinking fleet and fewer railcars in storage point to a tightening market, and we believe 2026 will mark the cyclical low point for industry deliveries.”
Jean Savage, Chief Executive Officer and President of Trinity Industries
“Strong cash generation has allowed us to grow our fleet while returning capital to shareholders, and we have achieved both our three-year net fleet investment and cash generation targets. We are raising our expectations for full-year secondary market gains on railcar sales and expect to finish the year within our EPS guidance range of $2.20 to $2.40.”
Trinity Industries, Inc. Announces Third Quarter 2026 Results
Reports quarterly earnings from continuing operations of $0.27 per diluted share
Get started
Create a free account to read the full story.