Trinity IndustriesNYSE: TRN

Trinity's (TRN) top line gains from the strong performance of Railcar Leasing and Management Services Group and Rail Products Group. Efforts to reward shareholders are also encouraging.

DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (“Trinity” or the “Company”) today announced that it has finalized the terms of its offering (the “Offering”) of an additional $200.0 million aggregate principal amount of its 7.750% Senior Notes due 2028 (the “Additional Notes”). Trinity anticipates that consummation of the offering will occur on June 5, 2024, subject to customary closing conditions. The Company intends to use the net proceeds from the Offering, together with cash on hand and/o.

Trinity (TRN) saw increased revenues in the first quarter of 2024 due to higher external deliveries in the Rail Products Group, improved lease rates, and an increase in external repairs in the Leasing Group.

Trinity Industries, Inc. (NYSE: TRN) will release its financial results for the first quarter of 2024 before the market opens on May 1, 2024. A conference call will be held at 8:00 a.m. Eastern on the same day to discuss the results. Investors can listen to the call live or via replay through a webcast.

Higher net interest expense and high debt act as concerns for Trinity's (TRN) bottom line.

Trinity's (TRN) fourth-quarter 2023 revenues benefit from higher external deliveries and favorable pricing in the Rail Products Group.

Trinity Industries, Inc. (TRN) Q4 2023 Earnings Call Transcript

Trinity Industries (TRN) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.44 per share a year ago.

Trinity Industries (TRN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.