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Trinity: Has The Demise Been Delayed?


Trinity reported Q2 earnings Thursday.

Leasing revenue was up 66% Q/Q, which helped offset the 18% decline in revenue from railcar shipments.

Leasing generated $118MM in revenue from the sale of the lease fleet. This might not recur every quarter.

EBITDA margins fell from 23% in Q2 to 21% this quarter.

Trinity's demise may have been delayed for now.

I expected Trinity's (NYSE:TRN) demise would continue in Q2. Nothing could have...