Trinity (TRN) Q4 Earnings & Revenues Beat, Increase Y/Y
Zacks Investment Research | Feb 19, 2020 10:43PM ET
Trinity Industries’ (NYSE:TRN) fourth-quarter 2019 earnings (excluding 18 cents from non-recurring items) of 35 cents per share surpassed the Zacks Consensus Estimate of 32 cents. Moreover, the bottom line surged approximately 35% year over year. Further, total revenues of $850.7 million beat the Zacks Consensus Estimate of $666.2 million. The top line also improved 15.7% year over year.
Following this better-than-expected performance, shares of the company gained more than 6% in after-hours trading on Feb 19.
Until third-quarter 2018, Trinity reported through five segments, namely Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group, and Railcar Leasing and Management Services Group. Post the completion of a spin-off transaction with its infrastructure-related businesses (Acrosa) on Nov 1, 2018, the company primarily reports via the three segments of Railcar Leasing and Management Services Group, Rail Products Group and All Other Group.
Trinity Industries, Inc. Price, Consensus and EPS Surprise
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