Trinity (TRN) Q2 Revenue Drops 40%
Trinity Industries (NYSE:TRN), a leading producer of railcars and provider of rail-related leasing and services, released its results for the second quarter ended June 30, 2025. The company reported GAAP earnings per share of $0.19 and GAAP revenue of $506 million, both falling short of analyst expectations of $0.27 per share and $583.53 million in revenue for Q2 2025. The quarter also marked a steep year-over-year decline in both revenue and profit, as GAAP revenue fell to $506.2 million and GAAP operating profit dropped to $95.4 million from $841.4 million and $141.9 million, respectively, in Q2 2024. Revenue (GAAP) was down nearly 40% compared to the prior-year quarter. Profits took a similar hit, reflecting continued weakness in the core railcar manufacturing business. Although the Railcar Leasing and Services segment demonstrated relative resilience, overall performance trailed expectations, as GAAP EPS of $0.19 was below the analyst estimate of $0.27, and the company is leaning on an expected rebound in the latter part of fiscal 2025. Management reaffirmed full-year 2025 guidance, signaling confidence in a recovery later in the year, though current results highlight challenges facing the rail manufacturing sector.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Trinity Industries is a major North American supplier of freight and tank railcars, as well as an integrated provider of leasing and railcar management services. Its business is divided between two primary segments: the Railcar Leasing and Services Group, which generates recurring income from leasing railcars and related services, and the Rail Products Group, which manufactures new railcars and provides aftermarket parts and services.
Source Fool.com
