Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

The following table sets forth the computation of basic and diluted net income (loss) attributable to Trinity Industries, Inc.


	Three Months Ended March 31,
	2023		2022
	(in millions, except per share amounts)
Income from continuing operations	$	16.8	$	9.9
Less: Net income attributable to noncontrolling interest	(9.3)		(2.6)

Net income from continuing operations attributable to Trinity Industries, Inc.	7.5		7.3
Loss from discontinued operations, net of income taxes	(3.1)		(6.9)
Loss on sale of discontinued operations, net of income taxes	—		(1.1)

Net loss from discontinued operations attributable to Trinity Industries, Inc.	(3.1)		(8.0)
Net income (loss) attributable to Trinity Industries, Inc.	$	4.4	$	(0.7)

Basic weighted average shares outstanding	80.8		82.9
Effect of dilutive securities	2.4		2.6
Diluted weighted average shares outstanding	83.2		85.5

Basic earnings per common share:
Income from continuing operations	$	0.09	$	0.09
Loss from discontinued operations	(0.04)		(0.10)
Basic net income (loss) attributable to Trinity Industries, Inc.	$	0.05	$	(0.01)
Diluted earnings per common share:
Income from continuing operations	$	0.09	$	0.09
Loss from discontinued operations	(0.04)		(0.10)
Diluted net income (loss) attributable to Trinity Industries, Inc.	$	0.05	$	(0.01)

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