Trinity Industries’ financial and operating results for fourth-quarter and full-year 2020 reflect “the decline in railcar demand” following the pandemic, President and CEO Jean Savage reported on Feb. 24.
Trinity Industries Leasing Company (TILC) has put into action its new Green Financing Framework. Business affiliate TrinityRail Maintenance Services is scaling back its Vidor, Tex., plant.
Equipment analyst Matt Elkott offers perspectives on two of the rail industry’s biggest OEMs.
Trinity Industries Leasing Co. (TILC) has developed and published a new framework that will allow it “to issue green financing instruments, including green non-recourse ABS bonds and green loans, supported by green eligible assets,” the company reported Jan. 25.
At Cowen and Company, we are revising our transportation OEM and machinery earnings estimates for fourth-quarter 2020 and 2021, and introducing our 2022 estimates; updating our North American Class 8 production forecast; and fine-tuning our railcar supply demand model. What are we seeing? Gradually improving supply-side dynamics.
Norfolk Southern, Genesee & Wyoming, Watco Companies, GATX Corp. and TrinityRail are developing a telematics platform for railcars to provide real-time car location and condition/health monitoring data. Called “Rail Pulse,” it will help shippers, car owners/lessors and railroads better manage consists, incidents and maintenance. Rollout is expected by year-end 2022.
Trinity Industries, Inc. has reported financial and operating results for third-quarter 2020 that reflect “solid execution against numerous headwinds, including competitive pricing, declining deliveries, and difficult decisions in rightsizing our operations,” CEO and President Jean Savage said.
Trinity Industries, Inc. announced financial and operating results for second-quarter 2020, and, like many in the industry, it navigated “significant headwinds related to the COVID-19 pandemic and economic fallout”—to the tune of a $206.9 million loss. Quarterly total company revenues of $509 million and quarterly loss from continuing operations per common diluted share (EPS) of $1.76 and quarterly adjusted EPS of $0.02.
Trinity Industries announced first-quarter 2020 total company revenues of $615.2 million; quarterly earnings from continuing operations per common diluted share (EPS) of $1.33, an increase of $1.09 year-over-year; and quarterly adjusted EPS of $0.11 and excludes $0.04 per share related to restructuring activities, $0.03 per share related to the early redemption of high coupon debt, and $1.29 per share related to the effects of the Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act).
Trinity Industries, Inc. announced earnings results for the first quarter ended March 31, 2020, which includes total revenues of $615.2 million and earnings from continuing operations per common diluted share (EPS) of $1.33, an increase of $1.09 year-over-year.