Note 16. Selected Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2024


	Three Months Ended
	March 31, 2024		June 30, 2024		September 30, 2024		December 31, 2024
	(in millions, except per share data)
Revenues:
Manufacturing	$	525.3	$	560.9	$	509.6	$	342.6
Leasing & Services	284.3		280.5		289.2		286.8
	809.6		841.4		798.8		629.4
Operating costs:
Costs of revenues:
Manufacturing	476.3		505.8		460.7		305.4
Leasing & Services	168.6		156.6		168.6		169.0
	644.9		662.4		629.3		474.4
Selling, engineering, and administrative expenses	52.3		61.3		60.5		61.6
Gains on dispositions of property	2.8		24.2		13.4		22.9

Restructuring activities, net	—		—		—		4.3
Operating profit	115.2		141.9		122.4		112.0
Other expense	72.5		66.7		66.0		64.5
Income from continuing operations before income taxes	42.7		75.2		56.4		47.5
Provision for income taxes	11.0		17.1		15.6		6.7
Income from continuing operations	31.7		58.1		40.8		40.8
Loss from discontinued operations, net of income taxes	(4.3)		(1.7)		(5.3)		(3.0)

Net income	27.4		56.4		35.5		37.8
Net income attributable to noncontrolling interest	3.7		2.0		4.1		8.9
Net income attributable to Trinity Industries, Inc.	$	23.7	$	54.4	$	31.4	$	28.9

Basic earnings per common share (1):
Income from continuing operations	$	0.34	$	0.68	$	0.45	$	0.39
Loss from discontinued operations	(0.05)		(0.02)		(0.07)		(0.04)
Basic net income attributable to Trinity Industries, Inc.	$	0.29	$	0.66	$	0.38	$	0.35
Diluted earnings per common share (1):
Income from continuing operations	$	0.33	$	0.67	$	0.44	$	0.38
Loss from discontinued operations	(0.05)		(0.02)		(0.07)		(0.04)
Diluted net income attributable to Trinity Industries, Inc.	$	0.28	$	0.65	$	0.37	$	0.34

(1) The sum of the quarters may not necessarily be equal to the full year net income per common share amount.


	Three Months Ended
	March 31, 2023		June 30, 2023		September 30, 2023		December 31, 2023
	(in millions, except per share data)
Revenues:
Manufacturing	$	409.0	$	454.6	$	560.0	$	520.3
Leasing & Services	232.7		267.8		261.3		277.6
	641.7		722.4		821.3		797.9
Operating costs:
Costs of revenues:
Manufacturing	391.9		434.1		523.0		478.5
Leasing & Services	146.6		167.1		156.5		158.5
	538.5		601.2		679.5		637.0
Selling, engineering, and administrative expenses	49.9		54.3		49.1		48.6
Gains on dispositions of property	15.3		30.4		7.5		36.4

Restructuring activities, net	(0.4)		(1.8)		—		—
Operating profit	69.0		99.1		100.2		148.7
Other expense	63.7		68.2		67.9		68.2
Income from continuing operations before income taxes	5.3		30.9		32.3		80.5
Provision (benefit) for income taxes	(11.5)		7.4		6.0		7.1
Income from continuing operations	16.8		23.5		26.3		73.4
Loss from discontinued operations, net of income taxes	(3.1)		(2.3)		(2.7)		(5.3)

Net income	13.7		21.2		23.6		68.1
Net income attributable to noncontrolling interest	9.3		4.2		1.8		5.3
Net income attributable to Trinity Industries, Inc.	$	4.4	$	17.0	$	21.8	$	62.8

Basic earnings per common share (1):
Income from continuing operations	$	0.09	$	0.24	$	0.30	$	0.83
Loss from discontinued operations	(0.04)		(0.03)		(0.03)		(0.06)
Basic net income attributable to Trinity Industries, Inc.	$	0.05	$	0.21	$	0.27	$	0.77
Diluted earnings per common share (1):
Income from continuing operations	$	0.09	$	0.23	$	0.29	$	0.81
Loss from discontinued operations	(0.04)		(0.03)		(0.03)		(0.06)
Diluted net income attributable to Trinity Industries, Inc.	$	0.05	$	0.20	$	0.26	$	0.75

(1) The sum of the quarters may not necessarily be equal to the full year net income per common share amount.