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BlackRock Inc. grew its stake in shares of Trinity Industries, Inc. (NYSE: TRN) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,356,707 shares of the transportation company's stock after purchasing an additional 370,390 shares during the period. BlackRock Inc.
Bank of America Corp DE lifted its stake in shares of Trinity Industries, Inc. (NYSE: TRN) by 9.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,089,488 shares of the transportation company's stock after acquiring an additional 91,964 shares during the period.
Trinity Industries NYSE: TRN reported second-quarter earnings per share from continuing operations of $1.25, supported by a $132 million pre-tax, non-cash gain related to its Napier Park railcar partnership transaction. The company said its leasing business maintained high utilization and improved pricing indicators, while its Rail Products segment faced production and manufacturing-footprint disruptions that pressured margins.
Trinity Industries, Inc. (TRN) Q2 2026 Earnings Call Transcript
DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the second quarter ended June 30, 2026. Financial and Operational Highlights – Second Quarter Quarterly total company revenues of $485 million Quarterly income from continuing operations per common diluted share ("EPS") of $1.25 Lease fleet utilization of 97.3% and Future Lease Rate Differential ("FLRD") of 3.5% at quarter-end Railcar deliveries of 1,570 and new railcar orders of 1,560 Year-to-date.
Bank of New York Mellon Corp lessened its holdings in Trinity Industries, Inc. (NYSE: TRN) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 886,469 shares of the transportation company's stock after selling 28,223 shares
Trinity Industries, Inc. is upgraded to a soft Buy as robust leasing revenues offset railcar production headwinds. Despite falling railcar deliveries and backlog, TRN's high-margin leasing segment drives profitability and supports the stock's 47.6% outperformance versus the S&P 500. Management's fleet expansion and high utilization rates (97%+) position TRN well for long-term demand recovery, even as near-term earnings are forecasted to decline.
Trinity Industries is transitioning from railcar manufacturing to a leasing-focused model, capitalizing on a market-wide railcar shortage. Leasing now generates 83% of TRN's EBIT, with segment revenues comprising 52.5% of total, driving margin expansion despite a 16% YoY revenue decline. TRN's fleet growth, high utilization, and 13% gross cash yield support a forward EV/EBIT below 6x, underpinning a Strong Buy rating ahead of Q2 earnings.