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Trinity Industries, Inc. Reports Strong Growth In Second Quarter Of 2012 And Increases Full Year 2012 Earnings Guidance

(unaudited)

“EBITDA” is defined as income (loss) from continuing operations plus interest expense, income taxes, and depreciation and amortization including goodwill impairment charges. EBITDA is not a calculation based on generally accepted accounting principles. The amounts included in the EBITDA calculation are, however, derived from amounts included in the historical statements of operations data. In addition, EBITDA should not be considered as an alternative to net income or operating income as an indicator of our operating performance, or as an alternative to operating cash flows as a measure of liquidity. We believe EBITDA assists investors in comparing a company’s performance on a consistent basis without regard to depreciation and amortization, which can vary significantly depending upon many factors. However, the EBITDA measure presented in this press release may not always be comparable to similarly titled measures by other companies due to differences in the components of the calculation.

  Three Months Ended June 30,
  2012     2011
 

Net income

$

67.5

$

31.6

Add:
Interest expense 47.9 43.8
Provision for income taxes 39.8 21.0
Depreciation and amortization expense   49.6   47.8
 
Earnings before interest expense, income taxes, and depreciation and amortization expense

$

204.8

$

144.2

 
Six Months Ended June 30,
  2012   2011
 
Net income $ 119.8 $ 57.2
Add:
Interest expense 95.8 88.3
Provision for income taxes 65.4 37.2
Depreciation and amortization expense   98.7   95.4
 
Earnings before interest expense, income taxes, and depreciation and amortization expense

$

379.7

$

278.1





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