New York, February 13, 2026, 09:15 EST — Premarket
Trinity Industries jumped $2.90, or roughly 9%, to $34.58, after a sharp rally in the previous session thrust the railcar maker back into focus as trading began Friday.
Trinity is now projecting 2026 EPS between $1.85 and $2.10. CEO Jean Savage pointed to expectations for stronger lease rates and a pick-up in used railcar sales, plus steady margins, as drivers behind the guidance. 1
Savage told analysts on the call that “lease rates continue to trend higher,” though growth has tapered off in certain railcar segments. Trinity is looking for industry-wide railcar deliveries to hit around 25,000 units in 2026—still “well below replacement levels.” CFO Eric Marchetto pointed out the company might move on a fleet simplification in the second quarter. He also put Trinity’s railcars’ estimated market value at 35% to 45% above book. 2
Trinity reported fourth-quarter revenue of $611.2 million, down from $629.4 million a year ago. Diluted EPS, though, jumped to $2.31 from $0.38, driven by a $194 million non-cash pre-tax gain from restructuring a railcar partnership. Lease fleet utilization landed at 97.1%. The future lease rate differential — which gauges potential changes in lease rates for contracts rolling off over the next year — was 6% at the quarter’s close. Backlog hovered around $1.7 billion. 3
Goldman Sachs bumped its price target for Trinity up to $33 and stuck with a Neutral call following the quarter. The firm pointed to leasing performing more resiliently compared to manufacturing, which it described as “still-muted,” according to a research note. 4
Trinity rents out railcars and handles upkeep and logistics throughout North America via its TrinityRail platform, according to Reuters company data. The company breaks out its numbers into two units: Railcar Leasing and Services, plus Rail Products. 5
Trinity flagged in an SEC filing that it’s not disclosing quantitative reconciliations for certain forward-looking non-GAAP metrics, pointing to difficulty in forecasting things like lease portfolio sales and capex. That creates extra uncertainty if railcar sales or other deal activity speeds up or slows down. 6
