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, | | 2026 | | 2025 | | 2026 | | 2025 | | (in millions, except per share amounts) | | Income from continuing operations | $ | 21.5 | | | $ | 37.1 | | | $ | 150.3 | | | $ | 88.0 | | | Less: Net (income) loss attributable to noncontrolling interest | 0.1 | | | (5.7) | | | (0.5) | | | (16.6) | | | | | | | | | | | Net income from continuing operations attributable to Trinity Industries, Inc. | 21.6 | | | 31.4 | | | 149.8 | | | 71.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | Net loss from discontinued operations attributable to Trinity Industries, Inc. | (4.0) | | | (1.1) | | | (9.7) | | | (4.9) | | | Net income attributable to Trinity Industries, Inc. | $ | 17.6 | | | $ | 30.3 | | | $ | 140.1 | | | $ | 66.5 | | | | | | | | | | | Basic weighted average shares outstanding | 79.6 | | | 80.5 | | | 79.6 | | | 81.1 | | | Effect of dilutive securities | 1.4 | | | 1.4 | | | 1.9 | | | 2.0 | | Diluted weighted average shares outstanding | 81.0 | | | 81.9 | | | 81.5 | | | 83.1 | | | | | | | | | | Basic earnings per common share: | | | | | | | | | Income from continuing operations | $ | 0.27 | | | $ | 0.39 | | | $ | 1.88 | | | $ | 0.88 | | | Loss from discontinued operations | (0.05) | | | (0.01) | | | (0.12) | | | (0.06) | | | Net income attributable to Trinity Industries, Inc. | $ | 0.22 | | | $ | 0.38 | | | $ | 1.76 | | | $ | 0.82 | | | Diluted earnings per common share: | | | | | | | | | Income from continuing operations | $ | 0.27 | | | $ | 0.38 | | | $ | 1.84 | | | $ | 0.86 | | | Loss from discontinued operations | (0.05) | | | (0.01) | | | (0.12) | | | (0.06) | | | Net income attributable to Trinity Industries, Inc. | $ | 0.22 | | | $ | 0.37 | | | $ | 1.72 | | | $ | 0.80 | | | | | | | | | | | Potentially dilutive securities excluded from EPS calculation: | | | | | | | | | Antidilutive restricted shares | 0.3 | | | 0.1 | | | 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.
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