Filing Flows › Trinity Industries (TRN) › Q1 2025
Trinity Industries (TRN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Trinity Industries (TRN) reported revenue of $585M for the first quarter 2025 (Q1 2025), -28% from a year earlier and -7% from the quarter before. Operating margin was 17.0%, net earnings $22.1M (3.8% of revenue).
Trinity Industries, Q1 2025: revenue $585M (-28% year over year), operating margin 17.0%, net earnings $22.1M, operating cash flow $76.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $585M | -7% | -28% |
| Operating profit | $99.8M | -11% | -13% |
| Net earnings | $22.1M | -24% | -7% |
| Operating cash flow | $76.5M | -62% | +47% |
| Free cash flow | $67.3M | -63% | +41% |
What changed
Revenue was $585.4M in Q1 2025, down 28% year over year and down 7% from the previous quarter. Manufacturing was the largest line at 51% of revenue. Manufacturing lost $227.1M year over year (down 43%), 101% of the total change.
Operating profit was $99.8M, a 17.0% margin (up 2.8 points year over year). Total costs fell 30% while revenue fell 28%. Net earnings were $22.1M, down 7% year over year. The effective tax rate was 21.4%.
Operating cash flow was $76.5M (up 47% year over year), 282% of net income including minority interests. Non-cash charges added back $74.3M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items used $30.2M. Capital expenditures of $9.2M left free cash flow of $67.3M.
Questions
What was Trinity Industries' revenue in the first quarter 2025?
Trinity Industries (TRN) reported revenue of $585M for the first quarter 2025 (Q1 2025), -28% from a year earlier and -7% from the quarter before.
Was Trinity Industries profitable in the first quarter 2025?
Operating profit was $99.8M (17.0% of revenue) and net earnings $22.1M.
Source: Trinity Industries 10-Q on SEC EDGAR.