Trinity Industries

Trinity: Strong 1Q2019 growth

Trinity Industries on April 25 announced its first-quarter 2019 earnings results, which “show a strong improvement and continued growth of the owned/leased railcar portfolio, progress toward its goal of balance sheet optimization and a continued focus of returning capital to shareholders.”

Trinity 4Q18: Orders, backlog grow

Trinity Industries, Inc., in announcing financial results for the fourth quarter and full year ended Dec. 31, 2018, reported that its Rail Products Group posted railcar orders and deliveries of 8,045 and 5,285, respectively, during the fourth quarter, compared to orders and deliveries of 3,180 and 6,150, respectively, during the same period last year. The railcar backlog at year’s end stood at $3.6 billion, compared to $2.2 billion on Dec. 31, 2017.

Railcar inquiries remain elevated: Cowen and Co.

Reporting on Cowen and Co.’s just-concluded 10th Annual Global Transportation Conference, analyst Matt Elkott said that railcar demand recovery is “likely sustainable but not at the same level as second-quarter 2017.” Cowen is projecting third-quarter 2017 orders for 9,400 units, below the second quarter’s 12,000 but significantly higher than the first quarter’s 4,800 and similarly low prior levels.