Declared Dividend • May 25
First quarter dividend of US$0.31 announced Shareholders will receive a dividend of US$0.31. Ex-date: 15th July 2026 Payment date: 31st July 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 20% over the next year. However, it would need to fall by 58% to increase the payout ratio to a potentially unsustainable range. Announcement • May 23
Trinity Industries, Inc. announces Quarterly dividend, payable on July 31, 2026 Trinity Industries, Inc. announced Quarterly dividend of USD 0.3100 per share payable on July 31, 2026, ex-date on July 15, 2026 and record date on July 15, 2026. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Independent Director Bob Biesterfeld was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 03
Trinity Industries, Inc. Raises Earnings Guidance for the Year 2026 Trinity Industries, Inc. raised earnings guidance for the year 2026. For the year, the company expects EPS to be in a range of $2.20 to $2.40, up 16% at the midpoint from previous range of $1.85 to $2.10, excludes items outside the core business operations. Announcement • Apr 10
Trinity Industries, Inc., Annual General Meeting, May 21, 2026 Trinity Industries, Inc., Annual General Meeting, May 21, 2026. Location: trinity industries, inc., 14221 n. dallas parkway, dallas, texas 75254, dallas United States Announcement • Apr 08
Trinity Industries, Inc. to Report Q1, 2026 Results on Apr 30, 2026 Trinity Industries, Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 30, 2026 Announcement • Mar 05
Trinity Industries, Inc. Declares Quarterly Cash Dividend, Payable on April 30, 2026 Trinity Industries, Inc. has declared a quarterly dividend of 31 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 248th consecutively paid dividend, is payable April 30, 2026 to stockholders of record on April 15, 2026. Announcement • Feb 18
Trinity Industries Inc Announces Retirement of Gregory B. Mitchell as Executive Vice President, Leasing and Services, Effective February 16, 2026 On February 13, 2026, Trinity Industries, Inc. announced that Gregory B. Mitchell, Executive Vice President, Leasing and Services notified Trinity of his intention to transition to retirement, effective October 15, 2026. In connection with this transition, Mr. Mitchell stepped down from his role as Executive Vice President, Leasing and Services effective February 16, 2026. Announcement • Feb 12
Trinity Industries, Inc. Provides Earnings Guidance for the Year 2026 Trinity Industries, Inc. provided earnings guidance for the year 2026. For the year, the company expects EPS of $1.85 to $2.10. Announcement • Jan 28
Trinity Industries, Inc. to Report Q4, 2025 Results on Feb 12, 2026 Trinity Industries, Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 12, 2026 Announcement • Jan 06
Trinity Industries, Inc. Revises Earnings Guidance for the Year 2025 Trinity Industries, Inc. revised earnings guidance for the year 2025. For the year, the company anticipated 2025 EPS impact of $1.50. As a result, Trinity is raising its full year EPS guidance to a range of $3.05 to $3.20. Announcement • Dec 04
Trinity Industries, Inc. Increases Quarterly Dividend, Payable on January 30, 2026 Trinity Industries, Inc. declared an increase in its quarterly dividend to 31 cents per share on its $0.01 par value common stock, up from 30 cents per share. This marks seven consecutive years of a dividend raise, reflecting Trinity’s continued commitment to dividend growth. The quarterly cash dividend, representing Trinity’s 247th consecutively paid dividend, is payable January 30, 2026 to stockholders of record on January 15, 2026. Announcement • Oct 30
Trinity Industries, Inc. Provides Earnings Guidance for the Full Year 2025 Trinity Industries, Inc. provided earnings guidance for the full year 2025. For the year, the company is raising and tightening the full year EPS guidance to a range of $1.55 to $1.70. Announcement • Oct 16
Trinity Industries, Inc. to Report Q3, 2025 Results on Oct 30, 2025 Trinity Industries, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025 Announcement • Sep 04
Trinity Industries, Inc. Declares Quarterly Dividend, Payable on October 31, 2025 Trinity Industries, Inc. has declared a quarterly dividend of 30 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 246th consecutively paid dividend, is payable October 31, 2025 to stockholders of record on October 15, 2025. Announcement • Jul 31
Trinity Industries, Inc. Provides Earnings Guidance for the Year 2025 Trinity Industries, Inc. provided earnings guidance for the year 2025. For the period, the company expects EPS of $1.40 to $1.60. Announcement • Jul 11
Trinity Industries, Inc. to Report Q2, 2025 Results on Jul 31, 2025 Trinity Industries, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025 Announcement • May 16
Trinity Industries, Inc. Declares Quarterly Dividend, Payable July 31, 2025 Trinity Industries, Inc. declared a quarterly dividend of 30 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 245th consecutively paid dividend, is payable July 31, 2025 to stockholders of record on July 15, 2025. Announcement • Apr 22
Trinity Industries, Inc. to Report Q1, 2025 Results on May 01, 2025 Trinity Industries, Inc. announced that they will report Q1, 2025 results Pre-Market on May 01, 2025 Announcement • Apr 07
Trinity Industries, Inc., Annual General Meeting, May 15, 2025 Trinity Industries, Inc., Annual General Meeting, May 15, 2025. Location: 14221 n. dallas parkway dallas, 75254, texas United States Announcement • Apr 01
Trinity Industries, Inc. Declares Quarterly Dividend, Payable on April 30, 2025 Trinity Industries, Inc. has declared a quarterly dividend of 30 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 244th consecutively paid dividend, is payable April 30, 2025 to stockholders of record on April 15, 2025. Announcement • Feb 21
Trinity Industries, Inc. Provides Earnings Guidance for the Year 2025 Trinity Industries, Inc. provided earnings guidance for the year 2025. For the year, the company expects EPS to be between $1.50 to $1.80, excludes items outside of its core business operations. Announcement • Jan 17
Trinity Industries, Inc. to Report Q4, 2024 Results on Feb 20, 2025 Trinity Industries, Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Feb 20, 2025 Announcement • Dec 06
Trinity Industries, Inc. Increases Quarterly Dividend, Payable January 31, 2025 Trinity Industries, Inc. has declared an increase in its quarterly dividend to 30 cents per share on its $0.01 par value common stock, up from 28 cents per share. This increase reflects Trinity’s continued commitment to dividend growth. The quarterly cash dividend, representing Trinity’s 243rd consecutively paid dividend, is payable January 31, 2025 to stockholders of record on January 15, 2025. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €34.60, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 10x in the Machinery industry in Germany. Total returns to shareholders of 56% over the past three years. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$0.45 (vs US$0.30 in 3Q 2023) Third quarter 2024 results: EPS: US$0.45 (up from US$0.30 in 3Q 2023). Revenue: US$798.8m (down 2.7% from 3Q 2023). Net income: US$36.7m (up 50% from 3Q 2023). Profit margin: 4.6% (up from 3.0% in 3Q 2023). Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Machinery industry in Germany are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
Trinity Industries, Inc. Provides Earnings Guidance for the Year 2024 Trinity Industries, Inc. provided earnings guidance for the year 2024. For the year, the company expects EPS of $1.70 to $1.80. Announcement • Oct 09
Trinity Industries, Inc. to Report Q3, 2024 Results on Oct 31, 2024 Trinity Industries, Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 31, 2024 Upcoming Dividend • Oct 08
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 15 October 2024. Payment date: 31 October 2024. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.5%). Declared Dividend • Sep 09
Second quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 15th October 2024 Payment date: 31st October 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 05
Trinity Industries, Inc. Declares Quarterly Dividend, Payable on October 31, 2024 Trinity Industries, Inc. has declared a quarterly dividend of 28 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 242nd consecutively paid dividend, is payable October 31, 2024 to stockholders of record on October 15, 2024. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.68 (vs US$0.24 in 2Q 2023) Second quarter 2024 results: EPS: US$0.68 (up from US$0.24 in 2Q 2023). Revenue: US$841.4m (up 17% from 2Q 2023). Net income: US$56.1m (up 191% from 2Q 2023). Profit margin: 6.7% (up from 2.7% in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 02
Trinity Industries, Inc. Revises Earnings Guidance for the Full Year 2024 Trinity Industries, Inc. revised earnings guidance for the full year 2024. The company raising annual guidance by $0.20 to a 2024 full year range of $1.55 to $1.75, which implies steady performance in the second half of the year. Announcement • Aug 01
Trinity Industries, Inc. Provides Earnings Guidance for the Full Year 2024 Trinity Industries, Inc. provided earnings guidance for the full year 2024. For the period, Company expects EPS of $1.55 to $1.75. Announcement • Jul 10
Trinity Industries, Inc. to Report First Half, 2024 Results on Aug 01, 2024 Trinity Industries, Inc. announced that they will report first half, 2024 results on Aug 01, 2024 Upcoming Dividend • Jul 08
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 15 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.5%). Declared Dividend • May 27
First quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 15th July 2024 Payment date: 31st July 2024 Dividend yield will be 3.8%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 22
Trinity Industries, Inc. Declares Quarterly Dividend, Payable on July 31, 2024 Trinity Industries, Inc. has declared a quarterly dividend of 28 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 241st consecutively paid dividend, is payable July 31, 2024 to stockholders of record on July 15, 2024. Recent Insider Transactions • May 07
Executive VP & CFO recently sold €247k worth of stock On the 2nd of May, Eric Marchetto sold around 9k shares on-market at roughly €28.04 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €253k. Eric has been a net seller over the last 12 months, reducing personal holdings by €1.1m. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.34 (vs US$0.093 in 1Q 2023) First quarter 2024 results: EPS: US$0.34 (up from US$0.093 in 1Q 2023). Revenue: US$809.6m (up 26% from 1Q 2023). Net income: US$28.0m (up 273% from 1Q 2023). Profit margin: 3.5% (up from 1.2% in 1Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Trinity Industries, Inc. Provides Earnings Guidance for the Year 2024 Trinity Industries, Inc. provided earnings guidance for the year 2024. For the year, the company expects EPS to be between $1.35 to $1.55, excludes items outside of the company’s core business operations. Upcoming Dividend • Apr 05
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 12 April 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.1%). Announcement • Apr 04
Trinity Industries, Inc. Announces Executive Changes Trinity Industries, Inc. announced transition of Steven L. McDowell, Vice President and Chief Accounting Officer to Vice President and Chief Audit Executive. Christina N. Maldonado, 41, has been appointed Vice President and Chief Accounting Officer of the Company. Ms. Maldonado has served as Trinity’s Corporate Controller since joining the Company in 2018. Prior to joining Trinity, she held various accounting and financial reporting leadership roles at Dean Foods Company and GameStop Corp. Ms. Maldonado began her career in the audit practice of Deloitte & Touche LLP and is a licensed certified public accountant in the State of Texas. Recent Insider Transactions • Mar 30
Executive VP & CFO recently sold €253k worth of stock On the 27th of March, Eric Marchetto sold around 10k shares on-market at roughly €25.88 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Eric has been a net seller over the last 12 months, reducing personal holdings by €828k. Declared Dividend • Mar 11
Fourth quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 12th April 2024 Payment date: 30th April 2024 Dividend yield will be 4.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 08
Trinity Industries, Inc. Declares Quarterly Dividend, Payable on April 30, 2024 Trinity Industries, Inc. has declared a quarterly dividend of 28 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 240th consecutively paid dividend, is payable April 30, 2024 to stockholders of record on April 15, 2024. Buy Or Sell Opportunity • Feb 28
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at €22.60. The fair value is estimated to be €18.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.9% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$1.47 (vs US$1.05 in FY 2022) Full year 2023 results: EPS: US$1.47 (up from US$1.05 in FY 2022). Revenue: US$2.98b (up 51% from FY 2022). Net income: US$119.4m (up 39% from FY 2022). Profit margin: 4.0% (down from 4.4% in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 22
Trinity Industries, Inc. Provides Earnings Guidance for 2024 Trinity Industries, Inc. provided earnings guidance for 2024. For the year, company expects EPS of $1.30 to $1.50, which reflects improving margins in both our segments. Announcement • Jan 24
Trinity Industries, Inc. to Report Q4, 2023 Results on Feb 22, 2024 Trinity Industries, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 22, 2024 Recent Insider Transactions • Dec 15
Executive VP & CFO recently sold €297k worth of stock On the 13th of December, Eric Marchetto sold around 12k shares on-market at roughly €25.02 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Eric has been a net seller over the last 12 months, reducing personal holdings by €575k. Announcement • Dec 07
Trinity Industries, Inc. Increases Quarterly Dividend, Payable on January 31, 2024 Trinity Industries, Inc. has declared an increase in its quarterly dividend to 28 cents per share on its $0.01 par value common stock. The new dividend reflects an increase of approximately 8% compared to the most recent quarterly dividend of 26 cents per share and reflects a continued commitment to dividend growth. The quarterly cash dividend, representing Trinity’s 239th consecutively paid dividend, is payable January 31, 2024 to stockholders of record on January 12, 2024. Recent Insider Transactions • Nov 14
Executive VP & Chief Commercial Officer recently sold €271k worth of stock On the 8th of November, Gregory Mitchell sold around 13k shares on-market at roughly €21.64 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €278k. Insiders have been net sellers, collectively disposing of €362k more than they bought in the last 12 months. Announcement • Nov 03
Trinity Industries, Inc. Provides Earnings Guidance for 2023 Trinity Industries, Inc. provided earnings guidance for 2023. For the period, the company expects EPS to be in the range of $1.20 to $1.35. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$0.30 (vs US$0.36 in 3Q 2022) Third quarter 2023 results: EPS: US$0.30 (down from US$0.36 in 3Q 2022). Revenue: US$821.3m (up 65% from 3Q 2022). Net income: US$24.5m (down 16% from 3Q 2022). Profit margin: 3.0% (down from 5.9% in 3Q 2022). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €20.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Machinery industry in Germany. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.26 per share. Upcoming Dividend • Oct 05
Upcoming dividend of US$0.26 per share at 4.9% yield Eligible shareholders must have bought the stock before 12 October 2023. Payment date: 31 October 2023. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.9%). Recent Insider Transactions • Oct 01
Executive VP & CFO recently sold €278k worth of stock On the 28th of September, Eric Marchetto sold around 12k shares on-market at roughly €23.66 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Eric's only on-market trade for the last 12 months. Announcement • Sep 29
Trinity Industries, Inc. to Report Q3, 2023 Results on Nov 02, 2023 Trinity Industries, Inc. announced that they will report Q3, 2023 results on Nov 02, 2023 Announcement • Sep 07
Trinity Industries, Inc. Declares Quarterly Dividend, Payable on October 31, 2023 Trinity Industries, Inc. has declared a quarterly dividend of 26 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 238th consecutively paid dividend, is payable October 31, 2023 to stockholders of record on October 13, 2023. Announcement • Aug 27
Trinity Industries, Inc. Announces Resignation of Sarah R. Teachout as Executive Vice President and Chief Legal Officer, Effective September 8, 2023 Trinity Industries, Inc. announced on August 21, 2023, Sarah R. Teachout, Executive Vice President and Chief Legal Officer for the company, notified Trinity of her intention to resign from employment with the company to pursue another employment opportunity outside the company, effective September 8, 2023. Announcement • Aug 03
Trinity Industries, Inc. Provides Earnings Guidance for the Fiscal Year 2023 Trinity Industries, Inc. provided earnings guidance for the fiscal year 2023. For the period, the company expects EPS of $1.35 to $1.45. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.14 in 2Q 2022) Second quarter 2023 results: EPS: US$0.24 (up from US$0.14 in 2Q 2022). Revenue: US$722.4m (up 73% from 2Q 2022). Net income: US$19.3m (up 65% from 2Q 2022). Profit margin: 2.7% (down from 2.8% in 2Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
Trinity Industries, Inc. to Report Q2, 2023 Results on Aug 01, 2023 Trinity Industries, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 01, 2023 Upcoming Dividend • Jul 06
Upcoming dividend of US$0.26 per share at 4.1% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 31 July 2023. Payout ratio is on the higher end at 92% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.7%). Announcement • May 10
Trinity Industries, Inc. Declares Quarterly Dividend, Payable on July 31, 2023 Trinity Industries, Inc. declared a quarterly dividend of 26 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 237th consecutively paid dividend, is payable July 31, 2023 to stockholders of record on July 14, 2023. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.093 (vs US$0.088 in 1Q 2022) First quarter 2023 results: EPS: US$0.093 (up from US$0.088 in 1Q 2022). Revenue: US$641.7m (up 36% from 1Q 2022). Net income: US$7.50m (up 2.7% from 1Q 2022). Profit margin: 1.2% (down from 1.5% in 1Q 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 06
Upcoming dividend of US$0.26 per share at 4.4% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 28 April 2023. Payout ratio is on the higher end at 90% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). Recent Insider Transactions • Mar 26
President recently bought €93k worth of stock On the 20th of March, E. Savage bought around 4k shares on-market at roughly €21.65 per share. This transaction amounted to 8.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €95k. E. has been a buyer over the last 12 months, purchasing a net total of €188k worth in shares. Recent Insider Transactions • Mar 23
President recently bought €95k worth of stock On the 15th of March, E. Savage bought around 4k shares on-market at roughly €21.15 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was E.'s only on-market trade for the last 12 months. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: US$1.05 (vs US$0.39 in FY 2021) Full year 2022 results: EPS: US$1.05 (up from US$0.39 in FY 2021). Revenue: US$1.98b (up 30% from FY 2021). Net income: US$86.1m (up 118% from FY 2021). Profit margin: 4.4% (up from 2.6% in FY 2021). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 13
Trinity Industries, Inc. to Report Q4, 2022 Results on Feb 21, 2023 Trinity Industries, Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 21, 2023 Upcoming Dividend • Jan 05
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 12 January 2023. Payment date: 31 January 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.7%). Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Bob Biesterfeld was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Bob Biesterfeld was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: US$0.36 (vs US$0.33 in 3Q 2021) Third quarter 2022 results: EPS: US$0.36. Revenue: US$496.6m (down 1.4% from 3Q 2021). Net income: US$29.2m (down 9.9% from 3Q 2021). Profit margin: 5.9% (down from 6.4% in 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Announcement • Oct 26
Trinity Industries, Inc. Provides Earnings Guidance for the Year 2022 Trinity Industries, Inc. provided earnings guidance for the year 2022. For the period, the company expects EPS of $0.90 to $1.10 - Excludes gains on insurance recoveries and other items outside of company's core business operations. Announcement • Oct 07
Trinity Industries, Inc. to Report Q3, 2022 Results on Oct 25, 2022 Trinity Industries, Inc. announced that they will report Q3, 2022 results Pre-Market on Oct 25, 2022 Upcoming Dividend • Oct 06
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 31 October 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.4%). Higher than average of industry peers (3.1%). Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Bob Biesterfeld was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$0.14 (vs US$0.12 in 2Q 2021) Second quarter 2022 results: EPS: US$0.14. Revenue: US$416.8m (up 12% from 2Q 2021). Net income: US$11.7m (down 7.9% from 2Q 2021). Profit margin: 2.8% (down from 3.4% in 2Q 2021). Over the next year, revenue is forecast to grow 45%, compared to a 10% growth forecast for the industry in Germany. Announcement • Jul 13
Trinity Industries, Inc. to Report First Half, 2022 Results on Jul 27, 2022 Trinity Industries, Inc. announced that they will report first half, 2022 results on Jul 27, 2022 Upcoming Dividend • Jul 07
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 29 July 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.8%). Announcement • Jun 01
Trinity Industries, Inc. (NYSE:TRN) acquired Quasar Platform Inc. from Cando Rail Services Ltd. Trinity Industries, Inc. (NYSE:TRN) acquired Quasar Platform Inc. from Cando Rail Services Ltd. on May 26, 2022. The acquisition closed on May 26 and is not expected to be material to Trinity’s results. Trinity will retain all of the employees of Quasar as part of the transaction. PricewaterhouseCoopers Corporate Finance Inc. was the exclusive financial advisor to Quasar.
Trinity Industries, Inc. (NYSE:TRN) completed the acquisition of Quasar Platform Inc. from Cando Rail Services Ltd. on May 26, 2022. Announcement • May 12
Trinity Industries, Inc. Declares Quarterly Dividend, Payable on July 29, 2022 Trinity Industries, Inc. has declared a quarterly dividend of 23 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 233rd consecutively paid dividend, is payable July 29, 2022 to stockholders of record on July 15, 2022. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.088 (vs US$0.034 in 1Q 2021) First quarter 2022 results: EPS: US$0.088 (up from US$0.034 in 1Q 2021). Revenue: US$472.7m (up 19% from 1Q 2021). Net income: US$7.30m (up 97% from 1Q 2021). Profit margin: 1.5% (up from 0.9% in 1Q 2021). Over the next year, revenue is forecast to grow 47%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Apr 08
Trinity Industries, Inc. to Report Q1, 2022 Results on Apr 27, 2022 Trinity Industries, Inc. announced that they will report Q1, 2022 results Pre-Market on Apr 27, 2022 Upcoming Dividend • Apr 06
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 29 April 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.8%). Higher than average of industry peers (2.3%). Recent Insider Transactions • Mar 30
Insider recently sold €186k worth of stock On the 24th of March, Brian Madison sold around 6k shares on-market at roughly €31.08 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €379k more than they bought in the last 12 months. Announcement • Feb 19
Trinity Industries, Inc. Provides Earnings Guidance for the Year 2022 Trinity Industries, Inc. provided earnings guidance for the year 2022. For the year 2022, EPS guidance of $0.85 to $1.05 for continuing operations, which represents growth of approximately 179% at the midpoint over 2021 adjusted EPS of $0.34. Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$0.39 (up from US$1.27 loss in FY 2020). Revenue: US$1.52b (down 24% from FY 2020). Net income: US$39.5m (up US$186.7m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). Revenue missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 34%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jan 06
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 13 January 2022. Payment date: 31 January 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.1%). Announcement • Jan 01
Monomoy Capital Partners IV, L.P., managed by Monomoy Capital Partners completed the acquisition of Trinity Highway Products, LLC from Trinity Industries, Inc. (NYSE:TRN). Monomoy Capital Partners IV, L.P., managed by Monomoy Capital Partners signed a definitive agreement to acquire Trinity Highway Products, LLC from Trinity Industries, Inc. (NYSE:TRN) for approximately $380 million on November 3, 2021. The purchase price of $375 million paid in cash. Goldman Sachs Asset Management provided financing for the transaction. Use of proceeds from the sale will flow through Trinity Industries capital allocation framework, and Trinity expects to return a significant portion of proceeds to shareholders. This transaction has been approved by the Board of Directors and is subject to customary regulatory approvals. Trinity expects the transaction will close in the fourth quarter of 2021. J.P. Morgan Securities LLC acted as financial advisor and Thomas Yang, Ashton Butcher, Lizzy Scott, Lauren York, David Vondle, Alison Chen, Brandon Morris, Corey Roush, Haidee Schwartz, Scott Pettifor, David Quigley, Andrew Oelz, John Bain, and Alex Agahzadeh of Akin Gump Strauss Hauer & Feld LLP acted as legal advisors to Trinity Industries, Inc. Carolyn Vardi of Ropes & Gray LLP acted legal advisor to Monomoy on the acquisition.
Monomoy Capital Partners IV, L.P., managed by Monomoy Capital Partners completed the acquisition of Trinity Highway Products, LLC from Trinity Industries, Inc. (NYSE:TRN) on December 31, 2021.