I'll today's prepared Slide X on our our from morning, to start later messages we call, which Thank everyone. you, will good Mann, Leigh about key expand remarks. and in talk on
quarter quarter rate remains rate expiring the leases this each quarters the the The FLRD, fleet $X.XX for XX.X%, transacted from railcar calculates year-over-year. railcar lease quarterly implied XX.X%. from by reinforcing with applying was tight. the for EPS and utilization $X.XX, railcar operations $X.XX, X FLRD change and improved type, market the up to lease continuing that operations Our GAAP ended lease at continuing in differential, future most recently our EPS first quarter or our rates next adjusted We lease was over
EPS of to XXXX are guidance $X.XX our $X.XX. We reconfirming
to we results as We confident forward in XXXX. our ability are in achieve these look
acquisition margins strong We we environment. business, and lease of up in And significantly segment we the the expect first manufacturing finally, to leverage operating advantage remarks. acquisition railcar software data-centric backlog of quarter, see Logistics, and take operating as the our management completed of a later of into provider strategy rail RSI fits our it discuss I'll my proprietary digital prepared this how in logistics solutions. and
down top ESG are X% that to encouraged X a intermodal despite turn pulling traffic, let's with left, on times. now to Slide higher room speeds rail to in rail demand up But for carloads headwinds appear service improve. and issues the for to And performance update. almost and still rail see market continue labor heightened be train to interest Near-shoring pent-up Starting overall We're foster year-over-year. has transportation. shorter trucking activities, improving dwell
conditions. service Even drive the as rail to to railroad continues volume pent-up continue demand macroeconomic despite uncertain will improve, more
reported construction cars metric out month-over-month meaningful fleet this populations continued It's also materials, active, Moving improvement. are to improvement. of fleet noting the hoppers the storage. April, railroad year-over-year primarily of markets of since Covered right storage headwinds recent American was began have greatest tank XXXX. in level open agricultural the seen lowest service are hoppers, at and and and the representing the for railcar than the for the metals North worth that XX% keeping coal that top the a At graph, more of of AAR beginning
increases already is mentioned is that are we our railcar last all to find has recent improvement The tank highest fleet, see our up lagged the we car quarter. types car above bottom I in of step our that coming Moving years. freight this for which significant FLRD especially virtually recovery What positive XX%, slide, from lease fleet. commercial in from is the momentum fleet. a continues encouraging our have which in
Our lease growth railcar quarters tight and coming environment. remain market, the about lease higher interest rate improved XX.X%, given the to optimistic in current and fleet we rates, the inflationary existing utilization
increasing Inquiry Furthermore, lock railcar We railcars next valued in revenue we rates, confidence we are in fleets, exited the the remain first X,XXX. demand with in orders higher racks lease a the replacement as gondolas, substantially several We years, X,XXX covered hoppers, leases, for and us backlog in received term longer-term railcars and quarter key which including billion. of of boxcars. the auto quarter supportive also generation. levels the at gives XX,XXX over of $X.X several level especially delivered
in selective maintain strategy steady been through the manufacturing to order performance go-to-market our have We in cycle.
has a demand. this recovery which has been replacement-level made market stable Furthermore, by supply-led, for driven
Slide X first shows the performance year-over-year. quarter
$XXX was up was of adjusted our revenue up XX% year of EPS $X.XX million quarterly XXX%. a Our first quarter ago. compared to And
quarter drove sales Eric from flow. the $XXX XXX%, and flow. cash I free segment the While will $XX our start in in create flow numbers free XX%. down variability these of of talking up moving about and discuss flow cash Many was timing operations pieces our was cash adjusted performance, continuing want of later, cash to by million million railcar
of segment Slide the first segment. and rates Leasing X me top revenue Please the reflects million results, for at to segment with the improved starting quarter $XXX higher in Leasing renewal utilization. turn with
high tight are and rates. and in rate utilization rising and FLRD of the quarter lease renewal railcars are Our rising are and economics with rates customers holding XX% a rates of on market interest to their that increased the elevated market evidence understand success the
lease consecutive we segment. expect this And has rates, we growth FLRD revenue quarters. in as X continued continue for positive to been Our raise
for useful to assets action Trinity as on cash-accretive the Leasing sustainable sustainable attractive extend of invested and are Remember, profit maintenance of management capital. operating expenses were because they expense at XX.X% returns as slightly as higher the railcar Margins well conversion in conversions increased were margins due first depreciation down sequentially railcar activity. a quarter. life
improve margins We leasing push stabilize. upwards expect and lease expenses rates these to as
lower In the slightly the Rail of quarterly to compared due volume a deliveries revenue sequentially to quarter. Products segment, was fourth down
segment XX% up higher reflecting year-over-year, and However, significantly was deliveries manufacturing. revenue
in Our first in at operating margins and the sequentially segment X% year-over-year. in an quarter, Rail the came Products improvement
than like are However, lower a and still we challenging reflect these would margins labor environment.
The of for of productivity accelerating pace hiring the has and onboarding given volume need the affected and employees new training.
to issues, we these While supply improvement quarter, service with continue continued first issues, us the along through and the rail across board. see chain affect
this operating are year margins All that through improve substantially worst. to to we we We and segment. the that are expect optimistic high single-digit see in margin through the say, expect
on Slide focused And this chain. We quarter, doing X. our the strategic the remain we're highlight improve initiatives. want I supply to to rail to Turning work
the the completed rail our of provider a RSI solutions North call, of As industry. I at mentioned management data-centric acquisition proprietary software and American Logistics, terminal the to we of logistics top and
and fits about excited to how capabilities state us. are I want the into of our and acquisition this services back journey We our the this gives and step X. Slide to business. about turn future acquisition it rail talk Please
shipment manage capabilities our suite added of year. solutions. and rail platform portfolio, insight of software analytics Trinsight railcars, transloading us and full yard logistics Quasar last unique including management. digital warehousing RSI access These The a logistics, to Logistics into was give to execution and shipment assets' proprietary businesses about acquisition condition, and efficiently enhanced data services health, our including and with acquisition location Our
our goal data making accessible. Our their shipments supply is to easily more chain as time optimize customers help visible and by real
from their to safely, products of are efficiently We the port predictably and our creating help bring an the point to end-to-end customers of origin platform use.
partners channel Rail broader industry We network Pulse. feedback and RSI initiatives are has working positive. optimization acquisition with very through integration been on and toward leaders the Customer like
leaders the enhanced solutions industry, offering place. giving turnkey their seen in are rail Specifically, all our an in transloading as one and logistics customers
labor a shippers. fourth XXXX will largely about substantial Trinity improvement quarter are half work better continuing of base wanted look We solution rail a talking business key to the expectations the but we year of into of and of the up keep experienced talk second year. us the this optimistic. are first and in significantly believe with themes quarter forward by in we to spending that integration some as training digital expect full employee seeing I Eric We about for XXXX, close of efficiency minute, the We in we has ramped more hiring a and employees. time those stabilized, the toward
we border, have through The significant the learned rail view services some chain, operate specifically issues in resolved. this that future. plagued still us have a variation largely to in do while in supply as our issue the there's not and it And XXXX, around been
lease of on expect our business with to improve We higher rates. sides revenue deliveries and both
better of sides expect We and with expenses. on both margin moderated efficiency maintenance our improvement business
year easing dampened, and and were strength are is results trends as ahead we quarter persist, those headwinds. of about the While excited our first our an see industry fundamental the in evident, the we
since we spoke will finally, proud XXXX has report to soon February, our that And last released report. XXXX I'm file and Social report our annual Trinity Responsibility Corporate in
made report, few with of and progress to company, a the today. as we highlights Regarding wanted our a you CSR I report preview
time, metrics. First, X for first water we've year-over-year environmental reduction metrics greenhouse we the Scope are and executive of usage. insurance Scope gas tying like achieved our to Also, energy compensation X third-party and limited
Diversity, as continue to connected to equity be inclusion compensation will metrics and well.
and hold I and for us has it Our improvement. encourage CSR accountable check excellent continued information, report to out you
XX% have our we occupational first over nonfatal improvement, by by the say years. safety focusing on and putting safety, In XX% are continuous now that I'm terms injuries the reduced last always to proud of industry. illnesses X we than better and
Eric turn to I'll call to the results. now And review financial over our
