Trinity Industries Q3 revenue rises on higher railcar deliveries
TRN•Trinity Industries’ third-quarter revenue rose 18% year over year to $535.1 million as railcar deliveries increased, while adjusted EPS fell to $0.27 from $0.38. The company forecast 2026 EPS of $2.20 to $2.40.
1. Quarterly results
Trinity Industries said third-quarter revenue increased 18% year over year to $535.1 million, above the $498.36 million consensus estimate. Adjusted EPS fell to $0.27 from $0.38 a year earlier. Higher railcar deliveries, including sustainable railcar conversions, contributed to revenue growth; fleet utilization was 97%, with improved renewal rates.
2. 2026 outlook and acquisition
The company expects 2026 EPS of $2.20 to $2.40, excluding items outside core operations, and net fleet investment of $300 million to $350 million. It forecast operating and administrative capital expenditures of $55 million to $65 million and acquired Rubber Lining Specialists to expand rail services.
