NYSE$TRN

Trinity Industries Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reports quarterly GAAP and Adjusted earnings.

Trinity Industries announced first quarter results, reporting total revenues of $615.2 million. The company reported EPS of $1.33 and adjusted EPS of $0.11. They generated $174 million in operating cash flow and $206 million in free cash flow before leasing investment. The company returned $58 million of capital to stockholders and ended the quarter with $760 million in total committed liquidity.

  • Total company revenues of $615.2 million
  • EPS of $1.33, an increase of $1.09 year over year
  • Cash flow from operations and free cash flow before leasing investment of $174 million and $206 million, respectively
  • Total committed liquidity of $760 million

Headline financials

Total Revenue

$615M

Previous: $605M+1.7%
EPS (adj)

$0.11

Previous: $0.24-54.2%
Fleet Utilization

95.4%

Previous: 98.4%-3.0%
Railcar Deliveries

3.7K

Previous: 4.5K-17.8%
New Railcar Orders

2.0K

Previous: 3.0K-34.3%
Capital Expenditures

-$14M

Previous: -$11.5M-21.7%
Free Cash Flow

$148M

Previous: $19.1M+673.3%
Net Income

$162M

Previous: $30.6M+428.4%
Operating Income

$73M

Previous: $91.8M-20.5%
Gross Profit

$133M

Previous: $141M-5.8%
Cash & Equivalents

$213M

Previous: $73.9M+188.5%
Total Assets

$9B

Previous: $8.41B+7.0%
Stock-Based Comp

$7.3M

Previous: $5.5M+32.7%

Revenue & EPS history

Trinity · Revenue · Quarterly

$615M

Q1 2020+1.7%vs Q1 2019
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Trinity · $746M total across 2 segments · Q1 2020

  • Rail Products
    $509M-18.9%
  • Railcar Leasing and Services
    $236M+17.9%

Forward guidance

The Company expects that the economic impacts of the COVID-19 pandemic will negatively impact our financial results in the near term. Given the uncertainty in the market about the ultimate impact of COVID-19 on the North American economy, the Company cannot reasonably estimate the likelihood of the financial impact on performance. Trinity is closely monitoring business conditions and will make appropriate adjustments to our operations and related financial scenarios as necessary.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.6%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-0.2%

Avg return

30 days after

46%

31 / 67 earnings

Positive

+19.1%

Q2 2012

Best reaction

-25.4%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.0%+16.6%+5.2%
Q3 2025-2.7%-6.2%-4.7%
Q1 2025-2.9%-1.9%+2.5%
Q4 2024-8.3%-10.0%-14.1%
Q3 2024-8.8%-5.4%+5.5%
Q2 2024+2.8%+1.5%-0.2%
Q1 2024+15.5%+17.3%+20.9%
Q4 2023-7.3%-7.4%-0.5%
Q3 2023+15.9%+13.7%+23.8%
Q2 2023+2.5%-1.9%-4.4%
Q1 2023-8.7%-9.7%-9.9%
Q4 2022-9.6%-5.5%-19.4%
Q3 2022+7.4%+20.1%+30.1%
Q2 2022+6.0%+7.7%+7.3%
Q1 2022-7.0%-11.1%-18.4%
Q4 2021-5.8%-5.5%+9.7%
Q3 2021+0.5%-2.1%-6.0%
Q2 2021-0.8%+0.0%+5.9%
Q1 2021-2.9%-1.8%-0.5%
Q4 2020-2.8%+2.2%-10.2%
Q3 2020-5.7%-7.3%+0.8%
Q2 2020-7.7%-8.5%-4.9%
Q1 2020+10.4%+4.1%+14.3%
Q4 2019+5.7%-1.0%-26.6%
Q3 2019+1.1%+6.2%+15.0%
Q2 2019-9.1%-5.9%-19.2%
Q1 2019-11.5%-9.5%-13.9%
Q4 2018-2.3%-6.6%-18.1%
Q3 2018-18.3%-23.3%-13.8%
Q2 2018+1.6%+2.1%-0.1%
Q1 2018-0.1%+0.4%+11.0%
Q4 2017-1.4%-6.1%-9.9%
Q3 2017-8.2%-7.8%-1.0%
Q2 2017-3.4%-1.8%+2.9%
Q1 2017+3.0%+0.5%-2.6%
Q4 2016+1.2%-3.8%-4.0%
Q3 2016-2.4%-4.8%+22.0%
Q2 2016+4.2%+1.0%+17.0%
Q1 2016+4.0%
Q4 2015-25.4%
Q3 2015+4.6%
Q2 2015+4.6%
Q1 2015-12.5%
Q4 2014+6.8%
Q3 2014-2.1%
Q2 2014+1.5%
Q1 2014+4.8%
Q4 2013+10.4%
Q3 2013+7.3%
Q2 2013+6.2%
Q1 2013-3.3%
Q4 2012-3.6%
Q3 2012-3.9%
Q2 2012+19.1%
Q1 2012+1.6%
Q4 2011+5.1%
Q4 2010+4.2%
Q3 2011+4.2%
Q2 2011-13.8%
Q1 2010-4.1%
Q1 2011+6.6%
Q4 2008+2.6%
Q3 2009-3.2%
Q3 2010-3.2%
Q2 2010-1.7%
Q4 2009-1.7%
Q2 2009-1.7%

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