Trinity Industries (NYSE: TRN) stock plummeted 5.58% in pre-market trading on Thursday after the company reported first-quarter earnings that fell short of analyst expectations and showed a significant decline in revenue.
The Dallas-based industrial manufacturer reported earnings per share of $0.29, missing the analyst consensus estimate of $0.33 by 12.12%. This represents a 12.12% decrease from earnings of $0.33 per share in the same period last year. Trinity's quarterly revenue came in at $585.4 million, falling short of the analyst consensus estimate of $619.85 million by 5.56% and marking a substantial 27.69% decrease from $809.6 million in the year-ago quarter.
The company's performance was impacted by lower railcar deliveries, with only 3,060 units delivered in Q1 2025 compared to 4,695 in the same period last year. New railcar orders also declined to 695 units, down from 1,880 in Q1 2024. Despite these challenges, Trinity Industries maintained a positive outlook, forecasting full-year earnings in the range of $1.40 to $1.60 per share and projecting industry-wide railcar deliveries of approximately 28,000 to 33,000 units for 2025.