Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted net income attributable to Trinity Industries, Inc.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
	(in millions, except per share amounts)
Income from continuing operations	$	40.8	$	26.3	$	130.6	$	66.6
Less: Net income attributable to noncontrolling interest	(4.1)		(1.8)		(9.8)		(15.3)
Net income from continuing operations attributable to Trinity Industries, Inc.	36.7		24.5		120.8		51.3
Net loss from discontinued operations attributable to Trinity Industries, Inc.	(5.3)		(2.7)		(11.3)		(8.1)
Net income attributable to Trinity Industries, Inc.	$	31.4	$	21.8	$	109.5	$	43.2
Basic weighted average shares outstanding	82.2		81.6		81.9		81.2
Effect of dilutive securities	1.9		1.9		2.0		2.3
Diluted weighted average shares outstanding	84.1		83.5		83.9		83.5
Basic earnings per common share:
Income from continuing operations	$	0.45	$	0.30	$	1.48	$	0.63
Loss from discontinued operations	(0.07)		(0.03)		(0.14)		(0.10)
Basic net income attributable to Trinity Industries, Inc.	$	0.38	$	0.27	$	1.34	$	0.53
Diluted earnings per common share:
Income from continuing operations	$	0.44	$	0.29	$	1.44	$	0.62
Loss from discontinued operations	(0.07)		(0.03)		(0.13)		(0.10)
Diluted net income attributable to Trinity Industries, Inc.	$	0.37	$	0.26	$	1.31	$	0.52
Potentially dilutive securities excluded from EPS calculation:
Antidilutive restricted shares	—		0.1		—		0.1
Antidilutive stock options	—		—		—		—