10:41 AM EDT, 05/01/2025 (MT Newswires) -- Trinity Industries ( TRN ) shares fell nearly 3% in recent Thursday trading after the company reported lower Q1 earnings and revenue compared with the prior year.

The company reported Q1 earnings of $0.29 per diluted share, down from $0.33 a year earlier.

Two analysts polled by FactSet expected $0.33.

Revenue for the quarter ended March 31 was $585.4 million, down from $809.6 million a year earlier.

Two analysts surveyed by FactSet expected $619.9 million.

The company also lowered its full-year 2025 earnings guidance to a range of $1.40 to $1.60 per share, down from a prior range of $1.50 to $1.80. Two analysts expect $1.50.

Additionally, the company said its subsidiary, Trinity Rail Leasing 2023, amended and restated a term loan agreement to increase the borrowing capacity to $1.05 billion and extend the maturity date to April 30, 2030. Proceeds were used to refinance existing debt and for general corporate purposes.

Price: 24.37, Change: -0.73, Percent Change: -2.91