The following table sets forth the computation of basic and diluted net income attributable to Trinity Industries, Inc.: | | | | | | | | | | | | | | | | | | | | Three Months Ended
March 31, | | | | | | | 2025 | | 2024 | | | | | | (in millions, except per share amounts) | | Income from continuing operations | | | | | $ | 29.0 | | | $ | 31.7 | | | Less: Net income attributable to noncontrolling interest | | | | | (5.0) | | | (3.7) | | | | | | | | | | | Net income from continuing operations attributable to Trinity Industries, Inc. | | | | | 24.0 | | | 28.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | Net loss from discontinued operations attributable to Trinity Industries, Inc. | | | | | (1.9) | | | (4.3) | | | Net income attributable to Trinity Industries, Inc. | | | | | $ | 22.1 | | | $ | 23.7 | | | | | | | | | | | Basic weighted average shares outstanding | | | | | 81.6 | | | 81.6 | | | Effect of dilutive securities | | | | | 2.2 | | | 1.9 | | Diluted weighted average shares outstanding | | | | | 83.8 | | | 83.5 | | | | | | | | | | Basic earnings per common share: | | | | | | | | | Income from continuing operations | | | | | $ | 0.29 | | | $ | 0.34 | | | Loss from discontinued operations | | | | | (0.02) | | | (0.05) | | | Net income attributable to Trinity Industries, Inc. | | | | | $ | 0.27 | | | $ | 0.29 | | | Diluted earnings per common share: | | | | | | | | | Income from continuing operations | | | | | $ | 0.29 | | | $ | 0.33 | | | Loss from discontinued operations | | | | | (0.02) | | | (0.05) | | | Net income attributable to Trinity Industries, Inc. | | | | | $ | 0.26 | | | $ | 0.28 | | | | | | | | | | | Potentially dilutive securities excluded from EPS calculation: | | | | | | | | | Antidilutive restricted shares | | | | | 0.1 | | | 0.2 | | | 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.
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