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.
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. SEC
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.
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. TipRanks
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.
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.
