Trinity Industries (NYSE: TRN) saw its stock plummet 5.58% in pre-market trading on Thursday after the company reported first-quarter earnings that fell short of analyst expectations and provided disappointing guidance for the full year 2025.

The Dallas-based industrial manufacturer reported quarterly earnings of $0.29 per share, missing the analyst consensus estimate of $0.33 by 12.12%. This represents a significant decrease from earnings of $0.33 per share in the same period last year. Revenue for the quarter came in at $585.4 million, falling short of the $619.85 million analysts had expected and marking a 27.69% decrease from $809.6 million in the year-ago quarter.

Trinity's CEO and President, Jean Savage, commented on the results, saying, "Trinity's first quarter results reflect the strength and resilience of our platform. Despite facing external challenges, we are achieving Adjusted ROE in our targeted range and generating favorable cash flow." However, the company's performance and outlook seem to have disappointed investors.

Adding to the negative sentiment, Trinity provided full-year 2025 earnings guidance in the range of $1.40 to $1.60 per share, which appears to be below market expectations. The company also forecasts industry deliveries of approximately 28,000 to 33,000 railcars for the year, indicating potential continued headwinds in the sector.

The earnings report revealed some bright spots, including a strong lease fleet utilization of 96.8% and a positive Future Lease Rate Differential (FLRD) of 17.9%. However, these positives were overshadowed by the overall disappointing financial performance and cautious outlook, leading to the sharp decline in Trinity's stock price.