adjusted full with everyone. per year Eric. you, growth as result in company all reported deliveries digits, by profit good XXXX and improvement and with operating strong fourth higher adjusted and Yesterday, earnings increased share attractive the favorable double a pricing, a our mix. railcar fleet of Thank And Revenues, product quarter results. morning
challenging focused strategic full strides delivered operational a team a in made against rail strong as have and significant our financial in did executing year our Trinity's only our market priorities, results leaders Not environment, in first company.
included optimizing to in creating capital our opportunities, investing and structure, XXXX and growth for shareholders. capital returning costs priorities Our value
platform. the our fleet financial committed We highlight presentation in the and also filings rail the to lease of improving to value better
to multi former $XX mentioned, we focused on Eric resulted been reduction holding as company, our million As more a collective in structure, These transition actions from of rail has streamlining during the focused company. SE&A business of Trinity’s leadership the operating year. than
to to structural cyclical do, our to platform work of level optimize costs both expectation, business have and we evaluating We the our our enhance performance. and are to more
of to improved XX% term. from of Another Trinity’s to on the wholly-owned to XX.X% debt This area ratio optimization loan LTV XXXX, at when value the our was revolver. of the was balance funding including goal during fleet to the focus from of progress XX%, our end ratio achieve an our sheets. significant near lease corporate XXXX, toward XX.X% the in
XX target expect next XX We to this achieve months. the to LTV within
of points. rates. as XXXX cost efforts in weighted a our funding very spin a since of has Our off, debt basis average costs, and in optimization on for and secured result the increasing lowered equity, resulted XXXX. Balance increased And Trinity’s attractive X.X% Trinity year-over-year was XXX strong approximately interest capital in profitability our execution from optimization reduction sheet X% to return pre-tax of
pre-tax XXXX, pre-tax aligns three progress ROE XX% which the ROE mid-teens year. Trinity We're goal the cycle. our XX% in average with year to long-term early established target a first solid with of through pleased, in our of
demand our challenging improvement, headwind for the levers focused very on but we railcar will within create ROE Softer a are XXXX control.
approximately in would XX% guidance to XX.X% ROE current pre-tax a XXXX. Our lead of to
the lease capability, was a result XXXX for at rail before fleet of of railcars also higher in significant than in as working our Free high made flow demonstrating of improvement Trinity investment as management, generation cash flow capital as million cash guidance. most the well platform. the year, our of recent strong delivery $XXX forecast, our progress the end
said of the flows, platform opportunities flow high significant for driver and capital of generation growth Management yield strong return investment Jean cash shareholders. cash is the long-term the believe substantial a the in As can value Board Trinity’s and platform rail return that and creation. earlier, predictable enabling meaningful capability
This our on the approximately this was available appropriate fleet To cash and cash use during put lease hand our Trinity perspective, with growth in through million funded of invested net leverage. on XXXX, a in basis. of $XXX additions of portfolio, growth
growth and also million and the nearly our paint in railcar Eric of maintenance $XXX as We CapEx for mentioned. manufacturing capacity, business invested lining
to buybacks and during cap. Our of through capital returns in approximately $XXX allocation XXXX, returning share XX% our also dividends shareholders, included million market
our liquidity ample leveraging billion We have balance continue room have sheet. approximately and to $X in
Now moving guidance. to
for and allocation capital value follows the plan our of underscores framework businesses. similar XXXX, Our a creation
and at to a Our million loan CapEx million Requiring $XXX XXXX, capital, CapEx fleet $XXX approximately value. non-leasing in of guidance for net for million includes $XX investment. approximately lease than million less equity XX% $XXX to
flow business providing Our to shareholders, fleet return substantial to to growth. before investing investment room million $XXX be free to ample our is cash $XXX approximately lease capital for expected million, diluted elimination, in for after performance to Guidance earnings $X.XX. our approximately billion per includes and revenues $X.X range financial the billion the following, of XXXX, topline $X.XX in $X.X common after to share of in
Our financial approximately forecast revenue a lease Leasing of and from profit, million XX% our and segment. XX% XX,XXX production the which of portfolio. margin will for $XX rail a assumptions railcars, X% $XXX our delivered sales of to railcars of an from be include million fleet, lease approximate of with margin approximately product operating of
tax to XX%, respectively. million goal across guidance million the approximately XXXX million sales opportunities, savings significant and and $XX cost expected reduction, rate are Our SE&A and also $XXX a with include administrative be of of approximately to cost $XX to Interest compared expense of XXXX.
be balance will we in as the mentioned, year, optimize to Jean sheet. active through we continue our heard you As share repurchases
range of to restructuring normal authorization. share outside such subject amounts or Board report effect incorporates we charges, occur. which pension if as the guidance, meaningful items XXXX when termination The does Our plan EPS activities exclude will of course repurchases, the guidance they of and cooperation,
Regarding fiscal cadence, to XXXX EPS compares our range EPS results. full year favorably
year. the will our recovering face before However, headwinds, results through quarter financial significant first
deliveries the first mentioned, costs. and lost quarter a Eric transitioning level As by rightsizing is is rail efficiencies much 'XX products in and to lower group of impacted
in savings. will of we and initiatives build railcars SE&A the through Other lower lease SE&A At the we primarily affect execute to concentrated cost the sales earnings expect be as this year, year. our second-half cadence to railcars on of costs. items savings that the sales associated lease time, include will cost of
million railcar You are to and to is may financial have $X.XX a year-over-year, included this our EPS, $XX impact the million release seen positive fleet. changing we have in estimated our depreciable $XX is on our press that of or performance yesterday, of expected in approximately This $X.XX guidance. lives to in financial lease our
data our company our compared analytics. policy evaluation depreciation industry In process, and and extensive, to we
the in depreciable public the in comp. end at based line and industry, being performance and practices in of our of supports of moves performance lease our fleet, railcars while history the the peers with analysis of extension on the more and maintenance the estimated Our lives, still lower Trinity
believe also We the the estimated lives aligns, updated better policies economics depreciable leasing our of with our accounting business.
Following in the company. of included enhanced we our our for report conference today, file around the disclosures Form XXXX, XX-K for our balance call selected business, our including economics leasing will consolidated sheet a the
comparable This the a yearend, standalone billion. of would $X.X carried balance equity total company. the be leasing of equity to leasing As company
adjusted advantage business. our own amounts to $X.X equipment equity consolidation, manufacturing sourcing cost group In the leasing billion, the reflecting from
the flow how with our One including during and create are provided tangible and disclosures, the year, before the pre-tax business significant highlighting assesses metrics showing all the CapEx, other management Trinity’s to ROE value along value These of benefits target, of of at aimed platforms. our shareholders. opportunities cash for free leasing
capital progress We growth work platform, cost our investing to lowering in streamlining organization, the the value allocation made business know, in we our framework, capital, significant committing more balanced have a capital improving do. shareholders. of returning to we XXXX, to ROE, But and reducing costs, of demonstrating and
of this commitment Trinity our and management we're to higher and mentioned, company levels. great and Trinity’s legacies of tasked expectations We with company. headwinds. are strengths for in the excellence market challenging the Jean As have to Board, driving against transforming performance XXXX, understand new culture
transformative leading change. We're she and people Trinity, on experienced always and our very of our excited respected she has strengths the and recognizes in admired Jean have Board, she's to culture,
Q&A We transition now will session. into the
please the you listeners our instructions? Operator, will give
Justin Stephens. Instructions] first Your from comes Long with you. [Operator Thank question
open. line Your is
