Trinity Industries, Inc. (TRN) saw its stock price plummet by 5.58% in pre-market trading on Thursday after the company released its fourth-quarter and full-year 2024 financial results, along with disappointing earnings guidance for 2025.
The rail transportation products and services provider reported adjusted earnings of $1.82 per diluted share for the full year 2024, up 32% from the previous year. However, the company's 2025 earnings per share (EPS) guidance range of $1.50 to $1.80 fell short of analysts' expectations of $1.68.
According to Trinity's CEO Jean Savage, the lower-than-expected earnings guidance for 2025 is primarily due to anticipated lower industry deliveries and uncertainty surrounding tariffs, which is delaying investment decisions. The company expects industry railcar deliveries to decline by approximately 20% in 2025 compared to 2024 levels.