Trinity Industries, Inc. (TRN) Q3 FY2026 earnings

Reported results

• Quarterly GAAP revenues were $535.1 million for the third quarter of 2026.
• Quarterly GAAP income from continuing operations per common diluted share (Diluted EPS – GAAP) was $0.27.
• Third quarter non-GAAP EBITDA was $168.6 million compared to $197.4 million in the prior year period.
• Last twelve months non-GAAP Adjusted Return on Equity was 31.8%, while GAAP Return on Equity was 29.1%.
• For the nine months ended September 30, 2026, GAAP net cash provided by operating activities – continuing operations was $242.7 million and non-GAAP cash flow from operations with net gains on lease portfolio sales was $281.4 million.

Guidance

• 2026 full-year EPS of $2.20 to $2.40
• 2026 full-year industry deliveries of below 25,000 railcars
• 2026 full-year net fleet investment of $300 million to $350 million
• 2026 full-year operating and administrative capital expenditures of $55 million to $65 million

Price and volatility reaction

The stock moved +10.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -8.7 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.