Thu, Oct 31, 4:37 PM (63 days ago)
**Trinity Industries, Inc. (TRN) Q3 2024 Summary:** Trinity Industries reported Q3 2024 revenues of $798.8 million, a 2.7% decline from Q3 2023, primarily due to reduced external deliveries in the Rail Products Group, partially offset by improved lease rates and external repair volumes. Year-to-date revenues increased 12.1% to $2.45 billion, driven by higher deliveries and favorable pricing. Operating profit rose 22.2% to $122.4 million in Q3 2024, reflecting improved efficiencies, while year-to-date operating profit surged 41.4% to $379.5 million. The Leasing Group's lease fleet utilization was 96.6%, slightly down from 98.1% a year prior. Cash flow from operations increased significantly to $383.5 million, up from $215.8 million in the prior year, aided by reduced inventory levels. Total debt stood at $5.7 billion, with significant liquidity of $924.2 million available. Looking ahead, uncertainties include potential disruptions at the U.S.-Mexico border, input cost volatility, and cyclical market demand fluctuations. The company anticipates continued investment in fleet enhancements and modernization initiatives.