Trinity Industries announced first-quarter 2025 consolidated revenues of $585.4 million, representing a 27.7% decrease compared to the prior year period and falling short of market expectations. Income from continuing operations per diluted share was reported at $0.26.
The Rail Products Group experienced a significant downturn, with deliveries totaling 3,060 units, a 34.8% decrease year-over-year, and new railcar orders plummeting by 63.0% to 695 units. The backlog at March 31, 2025, decreased to 13,640 units valued at $1.9 billion, down from 23,075 units and $2.9 billion a year prior.
In contrast, the Railcar Leasing and Services Group demonstrated resilience, with total revenues increasing by 0.8% to $287.4 million and operating profit rising by 4.2% to $104.5 million. Lease fleet utilization remained high at 96.8%, and renewal lease rates were 29.5% above expiring rates, underscoring strong demand for existing equipment.
The company's liquidity position remained solid at $920.2 million as of March 31, 2025, including $94.9 million in unrestricted cash. Management reaffirmed its full-year 2025 EPS guidance of $1.40 to $1.60, anticipating a second-half recovery in orders and deliveries as elevated inquiry levels convert into firm commitments.
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