Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2025

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,
	2025		2024		2025		2024
	(in millions, except per share amounts)
Income from continuing operations	$	37.1	$	40.8	$	88.0	$	130.6
Less: Net income attributable to noncontrolling interest	(5.7)		(4.1)		(16.6)		(9.8)

Net income from continuing operations attributable to Trinity Industries, Inc.	31.4		36.7		71.4		120.8



Net loss from discontinued operations attributable to Trinity Industries, Inc.	(1.1)		(5.3)		(4.9)		(11.3)
Net income attributable to Trinity Industries, Inc.	$	30.3	$	31.4	$	66.5	$	109.5

Basic weighted average shares outstanding	80.5		82.2		81.1		81.9
Effect of dilutive securities	1.4		1.9		2.0		2.0
Diluted weighted average shares outstanding	81.9		84.1		83.1		83.9

Basic earnings per common share:
Income from continuing operations	$	0.39	$	0.45	$	0.88	$	1.48
Loss from discontinued operations	(0.01)		(0.07)		(0.06)		(0.14)
Net income attributable to Trinity Industries, Inc.	$	0.38	$	0.38	$	0.82	$	1.34
Diluted earnings per common share:
Income from continuing operations	$	0.38	$	0.44	$	0.86	$	1.44
Loss from discontinued operations	(0.01)		(0.07)		(0.06)		(0.13)
Net income attributable to Trinity Industries, Inc.	$	0.37	$	0.37	$	0.80	$	1.31

Potentially dilutive securities excluded from EPS calculation:
Antidilutive restricted shares	0.1		—		0.1		—
Antidilutive stock options	—		—		—		—

Note: Earnings per common share is calculated independently for each component and may not sum to total net income attributable to Trinity Industries, Inc. per common share due to rounding.