Trinity Industries layoffs, on the record
Every job cut, severance charge and restructuring Trinity Industries reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 9,480 to 6,110.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 9,480 | December 31, 2023 |
| 10-K for 2024 | 7,380 | December 31, 2024 |
| 10-K for 2025 | 6,110 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded a net restructuring activities line in its 2023 consolidated results, shown as a net credit of $2.2 million, with no positions or severance amounts stated.
Word for word“Restructuring activities, net (2.2) 1.0 Total operating profit 417.0 334.0” 10-K for 2023
Our summaryThe filing describes a restructuring activities line item with a net charge in 2024, with the restructuring charge recorded in the fourth quarter of 2024.
Word for word“Restructuring activities, net 4.3 (2.2) 1.0 Total operating profit 491.5 417.0 334.0 Interest expense, net 273.5 265.5 209.1 Other, net (3.8) 2.5 (1.6) Income from continuing operations before income taxes 221.8 149.0 126.5 Provision (benefit) for income taxes 50.4 9.0 27.6 Income from continuing operations $ 171.4 $ 140.0 $ 98.9 Revenues The tables below present revenues by segment for the years ended December 31, 2024, 2023, and 2022: Year Ended December 31, 2024 Revenues Percent External Intersegment Total Change (in millions) Railcar Leasing and Services Group $ 1,140.8 $ 2.4 $ 1,143.2 9.8 % Rail Products Group 1,938.4 492.7 2,431.1 (1.9) % Segment Totals 3,079.2 495.1 3,574.3 1.5 % Eliminations — (495.1) (495.1) Consolidated Total $ 3,079.2 $ — $ 3,079.2 3.2 % Year Ended December 31, 2023 Revenues External Intersegment Total (in millions) Railcar Leasing and Services Group $ 1,039.4 $ 1.6 $ 1,041.0 22.3 % Rail Products Group 1,943.9 535.5 2,479.4 31.5 % Segment Totals 2,983.3 537.1 3,520.4 28.6 % Eliminations — (537.1) (537.1) Consolidated Total $ 2,983.3 $ — $ 2,983.3 50.9 % Year Ended December 31, 2022 Revenues External Intersegment Total (in millions) Railcar Leasing and Services Group $ 850.0 $ 1.5 $ 851.5 Rail Products Group 1,127.3 758.2 1,885.5 Segment Totals 1,977.3 759.7 2,737.0 Eliminations — (759.7) (759.7) Consolidated Total $ 1,977.3 $ — $ 1,977.3 32 Table of Contents Operating Costs Operating costs are comprised of cost of revenues; selling, engineering, and administrative costs; gains or losses on property disposals; and restructuring activities.” 10-K for 2024
Our summaryThe company reports restructuring activities of 4.3 million in the fourth quarter of 2024 in its quarterly data, with no restructuring charges in the first three quarters of 2024.
Word for word“Restructuring activities, net — — — 4.3 Operating profit 115.2 141.9 122.4 112.0 Other expense 72.5 66.7 66.0 64.5 Income from continuing operations before income taxes 42.7 75.2 56.4 47.5 Provision for income taxes 11.0 17.1 15.6 6.7 Income from continuing operations 31.7 58.1 40.8 40.8 Loss from discontinued operations, net of income taxes ( 4.3 ) ( 1.7 ) ( 5.3 ) ( 3.0 ) Net income 27.4 56.4 35.5 37.8 Net income attributable to noncontrolling interest 3.7 2.0 4.1 8.9 Net income attributable to Trinity Industries, Inc. $ 23.7 $ 54.4 $ 31.4 $ 28.9 Basic earnings per common share (1) : Income from continuing operations $ 0.34 $ 0.68 $ 0.45 $ 0.39 Loss from discontinued operations ( 0.05 ) ( 0.02 ) ( 0.07 ) ( 0.04 ) Basic net income attributable to Trinity Industries, Inc. $ 0.29 $ 0.66 $ 0.38 $ 0.35 Diluted earnings per common share (1) : Income from continuing operations $ 0.33 $ 0.67 $ 0.44 $ 0.38 Loss from discontinued operations ( 0.05 ) ( 0.02 ) ( 0.07 ) ( 0.04 ) Diluted net income attributable to Trinity Industries, Inc. $ 0.28 $ 0.65 $ 0.37 $ 0.34 (1) The sum of the quarters may not necessarily be equal to the full year net income per common share amount.” 10-K for 2024
| Fiscal year ended | Severance costs | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|---|
| 2017-12-31 | — | $0 | — | — |
| 2018-12-31 | — | $0 | — | — |
| 2019-12-31 | $3.8 million | $14.6 million | — | $400,000 |
| 2020-12-31 | $7.7 million | $10.9 million | $8.4 million | $10.4 million |
| 2021-12-31 | $300,000 | −$3.7 million | $300,000 | $1.6 million |
| 2022-12-31 | — | $1 million | — | — |
| 2023-12-31 | — | −$2.2 million | — | — |
| 2024-12-31 | — | $4.3 million | — | — |
| 2025-12-31 | — | $0 | — | — |
Trinity Industries filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Trinity Industries’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.