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DALLAS - Trinity Industries, Inc. (NYSE:TRN), a $2.3 billion market cap company, announced Tuesday it has dual-listed its common stock on NYSE Texas, a new fully electronic equities exchange based in Dallas, while maintaining its primary listing on the New York Stock Exchange.
The rail transportation products and services provider will trade under the same ticker symbol (TRN) on both exchanges. Trinity has been publicly traded on the NYSE for over 50 years and has been based in Texas since its incorporation in 1933. According to InvestingPro, the company has maintained dividend payments for 55 consecutive years, currently offering a 4.2% yield.
"We believe in the strength of the Texas economy, and we are excited and proud to join NYSE Texas as a Founding Member in our home state," said Jean Savage, Trinity’s Chief Executive Officer and President, in a press release statement.
Chris Taylor, Chief Development Officer of NYSE Group, noted: "As a leading industrial company based in Dallas, we are excited to welcome Trinity to our NYSE Texas community."
Trinity Industries, headquartered in Dallas, provides rail transportation products and services in North America under the trade name TrinityRail. The company’s platform includes RSI Logistics, a provider of software and logistics solutions, and Holden America, a supplier of railcar parts and components.
The company reports its financial results in two segments: Railcar Leasing and Services Group and Rail Products Group. Its services include railcar leasing and management, manufacturing, maintenance, modifications, and other railcar logistics products and services.
In other recent news, Trinity Industries reported its first-quarter 2025 financial results, which fell short of analysts’ expectations. The company announced an earnings per share (EPS) of $0.29, missing the projected $0.39, while revenue reached $585 million, below the forecasted $629.04 million. Trinity Industries experienced a 38% year-over-year drop in external deliveries, contributing to the revenue shortfall. Despite these challenges, the company maintained a strong liquidity position with $920 million in liquid assets and upheld its full-year EPS guidance between $1.40 and $1.60.
The company anticipates the second quarter to be the lowest point for deliveries and earnings, with improvements expected later in the year. Analyst firms have not recently upgraded or downgraded the company’s stock. However, discussions during the earnings call highlighted ongoing customer inquiries and potential order conversions, reflecting cautious optimism. Trinity Industries also completed $1.1 billion in bank term financing, which was noted as a strategic financial move. The company continues to navigate macroeconomic challenges, emphasizing its resilience and long-term fundamentals.
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