Note 16. Selected Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2025

Quarterly Financial Information [Table Text Block]


	Three Months Ended
	March 31, 2025		June 30, 2025		September 30, 2025		December 31, 2025
	(in millions, except per share data)
Revenues:
Manufacturing	$	298.2	$	204.1	$	153.3	$	296.5
Leasing & Services	287.2		302.1		300.8		314.7
	585.4		506.2		454.1		611.2
Operating costs:
Costs of revenues:
Manufacturing	271.6		194.1		132.4		266.0
Leasing & Services	171.6		178.7		180.3		189.5
	443.2		372.8		312.7		455.5
Selling, engineering, and administrative expenses	50.0		49.4		45.2		69.7
Gains on dispositions of property and other divestitures	7.6		11.4		22.4		249.4


Operating profit	99.8		95.4		118.6		335.4
Other expense	63.4		69.4		70.4		70.6
Income from continuing operations before income taxes	36.4		26.0		48.2		264.8
Provision (benefit) for income taxes	7.4		4.1		11.1		68.3
Income from continuing operations	29.0		21.9		37.1		196.5
Loss from discontinued operations, net of income taxes	(1.9)		(1.9)		(1.1)		(2.3)

Net income	27.1		20.0		36.0		194.2
Net income attributable to noncontrolling interest	5.0		5.9		5.7		7.6
Net income attributable to Trinity Industries, Inc.	$	22.1	$	14.1	$	30.3	$	186.6

Basic earnings per common share:
Income from continuing operations	$	0.29	$	0.20	$	0.39	$	2.36
Loss from discontinued operations	(0.02)		(0.02)		(0.01)		(0.03)
Basic net income attributable to Trinity Industries, Inc.	$	0.27	$	0.17	$	0.38	$	2.34
Diluted earnings per common share:
Income from continuing operations	$	0.29	$	0.19	$	0.38	$	2.31
Loss from discontinued operations	(0.02)		(0.02)		(0.01)		(0.03)
Diluted net income attributable to Trinity Industries, Inc.	$	0.26	$	0.17	$	0.37	$	2.28

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. Additionally, the sum of the quarters may not necessarily be equal to the full year net income per common share amount.


	Three Months Ended
	March 31, 2024		June 30, 2024		September 30, 2024		December 31, 2024
	(in millions, except per share data)
Revenues:
Manufacturing	$	525.3	$	560.9	$	509.6	$	342.6
Leasing & Services	284.3		280.5		289.2		286.8
	809.6		841.4		798.8		629.4
Operating costs:
Costs of revenues:
Manufacturing	476.3		505.8		460.7		305.4
Leasing & Services	168.6		156.6		168.6		169.0
	644.9		662.4		629.3		474.4
Selling, engineering, and administrative expenses	52.3		61.3		60.5		61.6
Gains on dispositions of property and other divestitures	2.8		24.2		13.4		22.9

Restructuring activities, net	—		—		—		4.3
Operating profit	115.2		141.9		122.4		112.0
Other expense	72.5		66.7		66.0		64.5
Income from continuing operations before income taxes	42.7		75.2		56.4		47.5
Provision (benefit) for income taxes	11.0		17.1		15.6		6.7
Income from continuing operations	31.7		58.1		40.8		40.8
Loss from discontinued operations, net of income taxes	(4.3)		(1.7)		(5.3)		(3.0)

Net income	27.4		56.4		35.5		37.8
Net income attributable to noncontrolling interest	3.7		2.0		4.1		8.9
Net income attributable to Trinity Industries, Inc.	$	23.7	$	54.4	$	31.4	$	28.9

Basic earnings per common share:
Income from continuing operations	$	0.34	$	0.68	$	0.45	$	0.39
Loss from discontinued operations	(0.05)		(0.02)		(0.07)		(0.04)
Basic net income attributable to Trinity Industries, Inc.	$	0.29	$	0.66	$	0.38	$	0.35
Diluted earnings per common share:
Income from continuing operations	$	0.33	$	0.67	$	0.44	$	0.38
Loss from discontinued operations	(0.05)		(0.02)		(0.07)		(0.04)
Diluted net income attributable to Trinity Industries, Inc.	$	0.28	$	0.65	$	0.37	$	0.34

TRINITY INDUSTRIES INC 10-K