The following table sets forth the computation of basic and diluted net income attributable to Trinity Industries, Inc.: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended
June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | (in millions, except per share amounts) | | Income from continuing operations | $ | 21.9 | | | $ | 58.1 | | | $ | 50.9 | | | $ | 89.8 | | | Less: Net income attributable to noncontrolling interest | (5.9) | | | (2.0) | | | (10.9) | | | (5.7) | | | | | | | | | | | Net income from continuing operations attributable to Trinity Industries, Inc. | 16.0 | | | 56.1 | | | 40.0 | | | 84.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | Net loss from discontinued operations attributable to Trinity Industries, Inc. | (1.9) | | | (1.7) | | | (3.8) | | | (6.0) | | | Net income attributable to Trinity Industries, Inc. | $ | 14.1 | | | $ | 54.4 | | | $ | 36.2 | | | $ | 78.1 | | | | | | | | | | | Basic weighted average shares outstanding | 81.3 | | | 82.4 | | | 81.4 | | | 81.7 | | | Effect of dilutive securities | 1.6 | | | 1.7 | | | 2.0 | | | 1.7 | | Diluted weighted average shares outstanding | 82.9 | | | 84.1 | | | 83.4 | | | 83.4 | | | | | | | | | | Basic earnings per common share: | | | | | | | | | Income from continuing operations | $ | 0.20 | | | $ | 0.68 | | | $ | 0.49 | | | $ | 1.03 | | | Loss from discontinued operations | (0.02) | | | (0.02) | | | (0.05) | | | (0.07) | | | Net income attributable to Trinity Industries, Inc. | $ | 0.17 | | | $ | 0.66 | | | $ | 0.44 | | | $ | 0.96 | | | Diluted earnings per common share: | | | | | | | | | Income from continuing operations | $ | 0.19 | | | $ | 0.67 | | | $ | 0.48 | | | $ | 1.01 | | | Loss from discontinued operations | (0.02) | | | (0.02) | | | (0.05) | | | (0.07) | | | Net income attributable to Trinity Industries, Inc. | $ | 0.17 | | | $ | 0.65 | | | $ | 0.43 | | | $ | 0.94 | | | | | | | | | | | Potentially dilutive securities excluded from EPS calculation: | | | | | | | | | Antidilutive restricted shares | 0.3 | | | 0.2 | | | 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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