Trinity Industries (TRN)

Risks

• The COVID-19 pandemic has had and continues to have a material adverse effect on our results of operations and could have a material adverse effect on our ability to operate, financial condition, liquidity, access to capital, payment of dividends, and capital investments.
• Shortages of skilled labor and/or qualified employees have adversely impacted and could continue to impact our operations.
• The limited number of customers for certain of our products, the variable purchase patterns of our customers, and the timing of completion, delivery, and customer acceptance of orders may cause our revenues and income from operations to vary substantially each quarter, potentially resulting in significant fluctuations in our quarterly results.
• We face risks related to cybersecurity attacks and other breaches of our systems and information technology.
• We have indebtedness, which could have negative consequences on our business or results of operations.
• Some of our employees belong to labor unions, and strikes or work stoppages could adversely affect our operations.
• We may be unable to effectively implement organizational redesigns, cost reductions, or restructuring efforts and our business might be adversely affected.
• The Company could potentially fail to successfully integrate new businesses or products into its current business.
• Our inability to sufficiently protect our intellectual property rights could adversely affect our business.
• Volatility in the global markets or in industries that our products serve may adversely affect our business and operating results.
• The phaseout of the London Interbank Offered Rate (LIBOR) and the replacement of LIBOR with a different reference rate may have an adverse effect on our business.
• Violations of or changes in the regulatory requirements applicable to the industries in which we operate may increase our operating costs, reduce the demand for our products and services, or negatively affect our ability to implement our strategic and operational plans.
• U.S. government actions relative to the federal budget, taxation policies, government expenditures, U.S. borrowing/debt ceiling limits, and trade policies could adversely affect our business and operating results.
• There can be no assurance that we will continue to pay dividends or repurchase shares of our common stock at current levels.
• A small number of stockholders could significantly influence our business.