the James has Thank of into over during a weeks the the had time in good privilege couple speak admire working the closely transition James, I've and to is for I all you of with forward to his and in It the Trinity to I everyone. leadership role role. days past many great with And shown you, Industries. respect and morning, that more CFO months, you honor the of look ahead. and
focus rail of As renewed our our you've businesses. our fundamentals Tim positive heard see opportunities concentration and the along on end come and with and we we our in about from that team, resources markets the excited are
the Our Trinity Investor financial our important maintenance at plans. in build and growth enhance priorities created grow in fleet, fleet allocation capital footprint and manufacturing Day of out guidance that are business our Investing lease the elements October. and opportunities our that value services provided businesses reflects our
capital these sheet investments, important to goals allocation of plan optimizing Another opportunistically balance the the time finance while leveraging is capital We through shareholders. element at capital approach structure. to to same the our return to accomplish
is XX%. to fleet we've the company's wholly-owned mentioned, target XX% As the loan-to-value term for lease intermediate
to toward expect railcar As investment will capital industry. sheet in to opportunities given Trinity's the this events our adding objective, we balance The we recent are on opportunities leverage we and work cost decline. seeing depend numerous of of the timing overall
debt fleet. leverage, earnings a operations of for increase XXXX. need to the to XX% mindful to we're XX% year-over-year, per ratios equates to the our leverage from continuing and balance credit $X.XX which higher lease and we In of growth attributed our This yesterday's provided deliveries of annual service $X.XX press release, Trinity As railcar growth impacts share guidance to a primarily of level ratings.
to through a from fleet, in railcars increase deliveries and market to throughout our work challenging We earnings year, environment. ramp-up was we to backlog priced manufacturing quarterly some rail that as railcar operations more expect continue of our continuing the add unit lease
profit Services revenue in million, $XXX and Managed attributable -- million to Services rates. is $XXX operating average in fleet improvement between profit Group We the expect between and Railcar lease revenues Leasing million the and lease operations Group in XXXX. from million mainly and Management $XXX The $XXX and growth in modestly and improving
RIV some in once included which of secondary assets determination expect In the partners finalized. be $XXX will from sales leased million, fleet in market of the railcars proceeds of of revenue segment from addition, we is to the
required attributed leases these our on revenue. the that be gain the be as The assumptions. have profit, our in be accounted to timing rule these our total leased leasing transactions EPS predict. this sales-type difficult accounting range adds for are sales an the million incorporates to will of market for sales additional all Additionally, to in guidance RIVs of in can $XXX segment and secondary sales lease and railcar we guidance transactions to The
lease second anticipate primarily consistent for market fleet, of have portfolio priority we business partnerships in be the equipment expand and leasing companies. and occur to now, through part a ongoing fourth other a to important for transactions of and sales to also management company. wholly-owned the continues to opportunity provide long-term strategic diversification and investors. reflect the for regular For They commercial our similar transformative growth railcar quarters a in These presence normal our year. fleet course our lease become of valued Investing with activity these our provide
approximately $X to XXXX. rail expect billion capital be products fleet billion new $X.X to additions in We for from leased expenditures
of sales with RIV invest in proceeds net market $X.X fleet we plan in market lease betterments through HM-XXX other sales also to partners total the combined fleet. capitalized the institutions, from investment to to lease billion including of modifications secondary lease purchases, the XXXX. fleet billion $X.X and financial When secondary We expect and
investor committed the business with for we valuation we market-based respectively activity the million billion is materials We the and reflecting $X.X financial profit and understand the accounting helping and complex our conversations $XXX investors analysts result, community. transactions. understand investment a intercompany through and leasing and that eliminations leasing and forecast of and As are products to revenue impact rail transfer pricing and products for this
than As of fleet. historically more fleet that and investors we Brian mentioned lease We'll XX-K our about beginning goal the information the and to a better our you’ll to understanding future valuing we presentations provide filings through competition with begin more with investor of provided will lease to our detail see assisting file later continue today.
Products XX,XXX Moving railcars. and to Group, This operating operating to of revenue profit with to a are expected Rail the delivery billion X.X% XX,XXX to margin. $X.X billion units $X.X to be X% railcar includes
the Our our Rail the manufacturing across Products and Group reflects efficiencies improving unit broad markets. for deliveries with products higher demand margin end
Our million to close we stranded $XXX the of out guidance costs transition million, including and corporate corporate spin-off ranges from tam guidance $XXX our expense as resulting The qui litigation. work litigation-related includes separation to the elevated to the follow-on federal also for process. from related expenses expenses and lawsuits
we forward calls. And that progress taking aligned to expenses on cost ensure are steps diligently update you with expenses Trinity's will go corporate business our and are further operations. and we We future our in our are to streamline optimization earnings our optimize working to model
planned the growth our roughly XX% to XXXX is You midpoint forecasted XXXX revenue share per have and at Earnings a that say expected between guidance. consolidated of as heard XX%. for XX% is at is us grow year Trinity. growth
commitments. a $X.X corporate $XXX means of $XXX $X.X primarily our net investment of lease of cash our goal the expansions warehouse following with fourth of our with and and ended between the billion made to lease to $XXX up $XXX $XX and This capital our In short-term using million for fleet improvements more stated quarter million, cash forecast addition million and which revolver million facility be delivery to to needs. expenditures million alignment we meet billion equivalents. product our cash balance will an spin-off, We is manufacturing and frequently cash is operating corporate with planned
the fleet, New through funded flows. investment from lease wholly-owned as cash as opportunities well our normal be leverage our will available
be company. of debt as markets aimed are the Trinity Our moving investors in leasing and and more financial seen capital and structure a the capital at approach to by direction
company, a railcar of a continue vision to of While are creates on products toward strong provider and which of integration transportation and platform being and Trinity maintains foundation a rail and combined as our we premier integrated products with rich of transitions number to a drive firm a services rail services. the company's This history legacy of occurring become collaboration. corporate culture valuable focused
and markets transformative positive a have our fundamentals leverage. for flows our experiencing utilizing available in and are by commitment investing our We to cash capital growth we
We leadership with have a a team deeply focus. experienced concentration of
growth about to We with progress our sharing and way. forward look are you excited the along potential our
would the to begin we like brief Before session, provide Q&A Tim a comment.
