Trinity Industries, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the U.S. Securities and Exchange Commission, reporting third-quarter revenues of $535.1 million and net income attributable to the company of $17.6 million.

Key Highlights

  • Total revenues of $535.1 million for the three months ended September 30, 2026, compared with $454.1 million in the same period of 2025, according to the filing.
  • Net income attributable to Trinity Industries was $17.6 million for Q3 2026, down from $30.3 million in Q3 2025, as reported in the filing.
  • Diluted EPS of $0.22 per share for the quarter, with income from continuing operations contributing $0.27 and a loss from discontinued operations of $0.05 per diluted share.
  • Nine-month gain on divestiture of a partially-owned leasing subsidiary of $131.6 million was recorded in the first nine months of 2026, with no comparable gain in the prior-year period.
  • Total assets of $8,344.0 million as of September 30, 2026, compared with $8,424.4 million at December 31, 2025.
  • 78,186,082 shares of common stock outstanding as of October 22, 2026, as disclosed on the cover page of the filing.
  • Net cash provided by operating activities was $233.0 million for the nine months ended September 30, 2026, compared with $182.3 million in the same period of 2025.

Trinity Industries Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the filing, Trinity Industries (NYSE:TRN) reported total revenues of $535.1 million for the three months ended September 30, 2026, consisting of $249.1 million in Manufacturing revenues and $286.0 million in Leasing and Services revenues. This compares with total revenues of $454.1 million in the third quarter of 2025, when Manufacturing contributed $153.3 million and Leasing and Services contributed $300.8 million. Total operating profit for Q3 2026 was $95.6 million, down from $118.6 million in Q3 2025, the filing disclosed.

For the nine months ended September 30, 2026, the company reported total revenues of $1,512.2 million and income from continuing operations of $150.3 million, compared with $1,545.7 million in revenues and $88.0 million in income from continuing operations for the same period in 2025. The filing noted a gain on divestiture of a partially-owned leasing subsidiary of $131.6 million in the nine-month period, with no equivalent transaction in the prior year. Net income attributable to Trinity Industries for the nine months was $140.1 million, versus $66.5 million in the comparable 2025 period.

On the balance sheet as of September 30, 2026, the filing reported total debt of $5,325.0 million, comprising $598.9 million in recourse debt and $4,726.1 million in non-recourse debt of wholly-owned subsidiaries. Trinity stockholders' equity stood at $1,128.3 million. Capital expenditures for the lease fleet were $409.5 million for the nine months ended September 30, 2026, compared with $530.3 million in the prior-year period, with proceeds from lease portfolio sales of $168.7 million recorded in the current period versus $142.9 million in the same period of 2025.

What Was Disclosed

Trinity Industries filed its quarterly report for the period ended September 30, 2026, covering revenues, earnings, balance sheet data, and cash flow activity. Key items included a $131.6 million gain on a subsidiary divestiture, a loss from discontinued operations of $9.7 million for the nine-month period, and 78,186,082 shares outstanding as of October 22, 2026.