Trinity (TRN) Q1 2026 Earnings Call Transcript

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DATE

Thursday, April 30, 2026 astatine 8:00 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer and President — Jean Savage

• Chief Financial Officer — Eric Marchetto

• Director, Investor Relations — Leigh Mann

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Full Conference Call Transcript

Leigh Mann: Thank you, operator. Good morning, everyone. We admit you joining america for the company's archetypal 4th 2026 Financial Results league call. Our prepared remarks volition see comments from Gene Savage, Trinity's Chief Executive Officer and President; and Eric Marketo, the company's Chief Financial Officer. We volition clasp a Q&A league pursuing the prepared remarks from our leaders. During the telephone today, we volition notation definite non-GAAP fiscal metrics. The reconciliations of the non-GAAP metrics to comparable GAAP measures are provided successful the appendix of the quarterly capitalist slides, which are accessible connected our Investor Relations website astatine www.trin.net. .

These slides are nether the Events & Presentations information of the website, on with the archetypal 4th net league telephone of EnLink. A replay of today's telephone volition beryllium disposable aft 10:30 a.m. Eastern Time till midnight connected May 7, 2026. The replay accusation is disposable nether the Events and Presentations leafage connected our Investor Relations website. It is present my pleasance to crook the telephone implicit to Jean.

E. Savage: Thank you, Lianne, and bully morning, everyone. We grew net per stock year-over-year 10% successful a 4th wherever gross was down 16%. That's the operating leverage we've been gathering toward, and it shows up successful a 24.6% adjusted instrumentality connected equity implicit the past 12 months. Cash travel from continuing operations was $100 million. The concern is performing the mode we designed it to perform. Before I get into results, I privation to admit the squad for closing a transaction aft the 4th closed related to our railcar concern concern with Nature Park.

As a effect of the transaction, astir 6,100 railcars moved from our partially owned fleet to investor-owned fleet and we took an 11.2% constricted concern involvement successful the Napier Park entity that owns the bulk of Napier Park railcar holdings. . We expect to grounds a noncash pretax summation of astir $130 cardinal successful the 2nd 4th related to this transaction. This transaction highlights the embedded worth of our fleet and is different measurement successful simplifying our equilibrium sheet. Based connected beardown archetypal 4th show and our outlook for the equilibrium of the year, we are raising and tightening our afloat twelvemonth EPS guidance from a erstwhile scope of $1.85 to $2.10 to a caller scope of $2.20 to $2.40.