Trinity Industries IncTrinity raised full-year EPS guidance by 16% despite Q1 revenue miss.
Trinity raised its full-year EPS guidance to a range of $2.20 to $2.40, a 16% increase at the midpoint, even as first-quarter revenues fell 16% year on year to $492 million, missing analyst estimates by 8.7%. The heavy transportation equipment sector posted mixed Q1 results overall, with aggregate revenues and next-quarter guidance in line with consensus. Douglas Dynamics stood out with a 19.8% revenue jump to $137.8 million and the highest full-year guidance raise among peers, while Greenbrier saw revenues drop 22.9% to $587.5 million and issued the weakest guidance update. Cummins reported a 2.7% revenue increase to $8.40 billion, and Blue Bird's revenues slipped 1.7% to $352.6 million, both beating analyst expectations.
Trinity Industries IncTrinity raised full-year EPS guidance by 16% despite Q1 revenue miss.
Greenbrier Companies IncGreenbrier saw revenues drop 22.9% and issued the weakest guidance update among peers.
Douglas Dynamics IncDouglas Dynamics had a 19.8% revenue jump and the highest full-year guidance raise among peers.
Blue Bird Corp
Cummins Inc