Investor Presentaiton
Reconciliation: Adjusted Operating Results (continued)
Year Ended December 31, 2019
Restructuring
GAAP
activities
Income Tax
Adjusted
(in millions, except per share amounts)
Operating profit
$
416.3
$
14.7
$
$
431.0
Provision (benefit) for income taxes
$
61.5
$
3.3
$
(9.7)
$
55.1
Income from continuing operations
$
139.2
$
11.4
$
9.7
$
160.3
Diluted income from continuing
operations per common share
1.09
1.26
We have supplemented the presentation of our reported GAAP operating profit (loss), interest expense, net, provision (benefit) for income taxes, income (loss)
from continuing operations, net income (loss) attributable to Trinity Industries, Inc., diluted weighted average shares outstanding and diluted income (loss)
from continuing operations per common share attributable to Trinity Industries, Inc. with non-GAAP measures that adjust the GAAP measures to exclude the
impact of restructuring activities, impairment of long-lived assets, early redemption of debt, the income tax effects of the CARES Act and certain other non-
recurring transactions or events (as applicable). These non-GAAP measures are derived from amounts included in our GAAP financial statements and are
reconciled to the most directly comparable GAAP financial measures in the table above. Management believes that these measures are useful to both
management and investors for analyzing the performance of our business without the impact of certain non-recurring items. Non-GAAP measures should not be
considered in isolation or as a substitute for our reporting results prepared in accordance with GAAP and, as calculated, may not be comparable to other
similarly titled measures for other companies.
TRINITY INDUSTRIES
DELIVERING GOODS for THE GOOD of ALL III 83View entire presentation