Trinity Industries, Inc. (NYSE: TRN) announced its financial results for the third quarter ended September 30, 2026, reporting quarterly earnings from continuing operations of $0.27 per diluted share.

For the three-month period, the company reported quarterly total company revenues of $535.1 million, an increase compared to the same period in the prior year. Year-to-date, the company generated $243 million in operating cash flow from continuing operations and realized net gains on lease portfolio sales of $39 million. At the end of the quarter, the company’s lease fleet utilization was 97.0%, and the Future Lease Rate Differential (FLRD) was 0.1%.

Regarding railcar production, Trinity received orders for 2,190 units and delivered 2,030 units during the quarter. The company reported a backlog value of $1.6467 billion as of September 30, 2026.

In terms of segment performance, the Rail Products Group delivered 2,030 railcars, a sequential increase of 29%, and orders exceeded deliveries. The Railcar Leasing and Services Group reported revenues of $286.3 million for the quarter.

Trinity provided updated 2026 guidance, which includes an expectation for industry deliveries of below 25,000 railcars, net fleet investment of $300 million to $350 million, and operating and administrative capital expenditures of $55 million to $65 million. The company also reiterated its earnings per share (EPS) guidance for the full year of $2.20 to $2.40.

Additionally, the company announced the acquisition of the assets of Rubber Lining Specialists, LLC on October 12, 2026, and entered into a $350 million term loan agreement on October 19, 2026, to redeem outstanding debt and repay borrowings under its warehouse loan facility.