NYSE$TRN

Trinity Industries Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported quarterly GAAP and adjusted earnings from continuing operations.

Trinity Industries reported first quarter results with revenues of $399 million. The company generated $70 million in operating cash flow and $90 million in free cash flow. They returned $60 million to stockholders through dividends and share repurchases.

  • Quarterly total company revenues of $399 million
  • Quarterly income from continuing operations per common diluted share ("EPS") of $0.03 and quarterly adjusted EPS of $0.07
  • Lease fleet utilization of 94.5% and Future Lease Rate Differential ("FLRD") of (14.8)% at quarter end
  • Railcar deliveries of 1,895 and new railcar orders of 1,410

Headline financials

Total Revenue

$399M

Previous: $615M-35.2%
EPS (adj)

$0.07

Previous: $0.11-36.4%
Fleet Utilization

94.5%

Previous: 95.4%-0.9%
Railcar Deliveries

1.9K

Previous: 3.7K-48.9%
New Railcar Orders

1.4K

Previous: 2.0K-28.4%
Capital Expenditures

-$8.5M

Previous: -$14M+39.3%
Free Cash Flow

-$5.2M

Previous: $148M-103.5%
Net Income

$3.3M

Previous: $162M-98.0%
Operating Income

$60.2M

Previous: $73M-17.5%
Gross Profit

$103M

Previous: $133M-22.8%
Cash & Equivalents

$178M

Previous: $213M-16.5%
Total Assets

$8.78B

Previous: $9B-2.5%
Stock-Based Comp

$5.1M

Previous: $7.3M-30.1%

Revenue & EPS history

Trinity · Revenue · Quarterly

$399M

Q1 2021-35.2%vs Q1 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Trinity · $445M total across 2 segments · Q1 2021

  • Rail Products
    $261M-48.8%
  • Railcar Leasing and Services
    $184M-22.3%

Forward guidance

Trinity expects strong operating cash flows in the range of $625 million to $675 million for the 2021 year.

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 2021

Historical avgQ1 2021

-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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