TRINITY INDUSTRIES Reports Second Quarter Earnings Results for Fiscal Year 2023
August 29, 2023
🌥️Earnings Overview
On August 1, 2023, TRINITY INDUSTRIES ($NYSE:TRN) reported financial results for the quarter ending June 30, 2023, indicating total revenues of USD 722.4 million, an increase of 73.3% year-over-year. Profits totaled USD 17.0 million, compared to 3.7 million in the same period the previous year.
Market Price
On Tuesday, Trinity Industries reported its earnings results for the second quarter of the fiscal year 2023. In the stock market, Trinity Industries’ stock opened at $24.0 and closed at $25.6, down by 2.4% from its last closing price of 26.2. This marked a significant decrease in the share value of Trinity Industries, which lately has been struggling to stay afloat in the market. Despite this drop in share value, Trinity Industries’ total revenue for the second quarter was higher than the same period last year.
This indicates that although the company’s share value decreased, it is still able to generate profits. In conclusion, it can be said that Trinity Industries is still able to maintain profitability, even as its share value experienced a slight dip. With a steady increase in total revenue and cash flow from operations, it is likely that the company will be able to continue to generate profits and remain competitive in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trinity Industries. More…
| Total Revenues | Net Income | Net Margin |
| 2.45k | 78.5 | -1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trinity Industries. More…
| Operations | Investing | Financing |
| 195.4 | -351.6 | 146.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trinity Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.02k | 7.77k | 12.26 |
Key Ratios Snapshot
Some of the financial key ratios for Trinity Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.2% | -11.9% | 15.1% |
| FCF Margin | ROE | ROA |
| -31.0% | 23.3% | 2.6% |
Analysis
At GoodWhale, we conducted an analysis of TRINITY INDUSTRIES‘ financials and concluded that the company is classified as a ‘rhino’, indicating moderate revenue or earnings growth. Our star chart showed that while TRINITY INDUSTRIES is strong in dividend, it is medium in profitability and weak in asset growth. Given the overall health score of 4 out of 10 with regard to its cash flow and debt, TRINITY INDUSTRIES can be considered a safe bet for investors who are looking for a reliable company to invest in. The company’s low risk of bankruptcy and stable returns may be appealing to income-oriented investors who are looking for a steady, long-term investment. Additionally, TRINITY INDUSTRIES may be an interesting option for value investors who seek to buy stocks at a low price and wait for their value to increase over time. More…
Peers
Trinity Industries Inc, a leading provider of transportation products and services, competes with FreightCar America Inc, Seaco Ltd, and GATX Corp. All four companies provide a variety of transportation products and services including railcars, barges, and ships. Trinity Industries Inc has a long history dating back to its founding in 1933. The company has a strong reputation for quality products and services.
– FreightCar America Inc ($NASDAQ:RAIL)
FreightCar America Inc. is a publicly traded company with a market capitalization of $73.48 million as of 2022. The company is involved in the design and manufacture of railcars for the transportation of freight. The company has a negative return on equity of 42.6%.
– Seaco Ltd ($OTCPK:SEAOF)
GATX Corporation is an American railcar leasing company. The company was founded in 1898 and is headquartered in Chicago, Illinois. As of 2018, GATX had a fleet of over 100,000 railcars and owned or managed nearly 200,000 more. The company operates in three segments: Rail North America, Rail International, and Portfolio Management.
Summary
TRINITY INDUSTRIES reported strong second quarter earnings for the Fiscal Year 2023, ending June 30, 2023. Total revenue increased by 73.3% year-over-year to USD 722.4 million, while net income jumped to USD 17.0 million compared to 3.7 million in the same period in the prior year. This is a clear indication of the company’s sound financial performance and potential for investors. Moving forward, investors should keep an eye on the company’s top line growth and bottom line performance to measure its overall success.
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