Trinity Industries (NYSE:TRN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$798.8m (down 2.7% from 3Q 2023).
• Net income: US$36.7m (up 50% from 3Q 2023).
• Profit margin: 4.6% (up from 3.0% in 3Q 2023).
• EPS: US$0.45 (up from US$0.30 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Trinity Industries Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 2.6%.

Looking ahead, revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Machinery industry in the US are expected to grow by 3.0%.

The company's shares are down 8.1% from a week ago.

Risk Analysis

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.