Overview

* Trinity Industries ( TRN ) Q2 revenue misses analyst expectations, per LSEG data

* EPS for Q2 at $0.19, lease fleet utilization at 96.8%

* Co received orders for 2,310 railcars, backlog at $2 bln

Outlook

* Trinity Industries ( TRN ) maintains full-year EPS guidance of $1.40 to $1.60

* Company expects industry deliveries of 28,000 to 33,000 railcars

* Trinity plans net fleet investment of $250 mln to $350 mln

* Company forecasts operating and administrative capital expenditures of $45 mln to $55 mln

Result Drivers

* LEASING BUSINESS - Strong performance with 96.8% fleet utilization and 18.3% FLRD, per CEO Jean Savage

* RAILCAR DEMAND - Recovery in demand with 2,310 new orders and a book-to-bill ratio of 1.3x

* STRATEGIC INITIATIVES - Rail Products Group maintained margins despite lower volumes due to strategic initiatives

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $506.20 $600.50

Revenue mln mln (2

Analysts

)

Q2 EPS $0.19

Q2 $171.70

EBITDA mln

Q2 $95.40

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

* Wall Street's median 12-month price target for Trinity Industries Inc ( TRN ) is $26.50, about 5.7% above its July 30 closing price of $24.98

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)