Item 2.02 Results of Operations and Financial Condition.
Trinity Industries, Inc. ("Trinity") hereby furnishes the information set forth
in its News Release, dated October 21, 2020, announcing operating results for
the three month period ended September 30, 2020, a copy of which is furnished as
Exhibit 99.1 and incorporated herein by reference. On October 22, 2020, Trinity
held a conference call and webcast with respect to its financial results for the
three month period ended September 30, 2020. The conference call scripts of
Jessica Greiner, Vice President of Investor Relations and Communications; E.
Jean Savage, Chief Executive Officer and President; and Eric R. Marchetto,
Executive Vice President and Chief Financial Officer; are furnished as Exhibit
99.2, and incorporated herein by reference. Additionally, Trinity posted
Supplemental Materials to its website to accompany the conference call; a copy
of these materials is furnished as Exhibit 99.3 and incorporated herein by
reference.
The conference call and News Release included references to Adjusted Operating
Results and Adjusted Earnings Per Share, Free Cash Flow, EBITDA and Adjusted
EBITDA, which are not calculations based on generally accepted accounting
principles ("GAAP"). Reconciliations of each of these non-GAAP measures to the
most directly comparable GAAP measures have been included in the News Release.
When forward-looking non-GAAP measures are provided, Trinity does not provide
quantitative reconciliations of forward-looking non-GAAP measures to the most
directly comparable GAAP measures because it cannot, without unreasonable
effort, predict the timing and amounts of certain items included in the
computations of each of these measures. These factors include, but are not
limited to: the product mix of expected railcar deliveries; the timing and
amount of significant transactions and investments, such as railcar sales from
the lease fleet, capital expenditures, and returns of capital to shareholders;
and the amount and timing of certain other items outside the normal course of
our core business operations, such as restructuring activities, pension plan
termination charges, and the potential financial and operational impacts of the
COVID-19 pandemic.
This information is not "filed" pursuant to the Securities Exchange Act of 1934
and is not incorporated by reference into any Securities Act of 1933
registration statements. Additionally, the submission of the report on Form 8-K
is not an admission of the materiality of any information in this report that is
required to be disclosed solely by Regulation FD.
Item 7.01 Regulation FD Disclosure.
See "Item 2.02 - Results of Operations and Financial Condition."
Forward-Looking Statements
Some statements in this release, which are not historical facts, are
"forward-looking statements" as defined by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements about
Trinity's estimates, expectations, beliefs, intentions or strategies for the
future, and the assumptions underlying these forward-looking statements,
including, but not limited to, future financial and operating performance,
future opportunities and any other statements regarding events or developments
that Trinity believes or anticipates will or may occur in the future, including
the potential financial and operational impacts of the COVID-19 pandemic.
Trinity uses the words "anticipates," "assumes," "believes," "estimates,"
"expects," "intends," "forecasts," "may," "will," "should," "guidance,"
"projected," "outlook," and similar expressions to identify these
forward-looking statements. Forward-looking statements speak only as of the date
of this release, and Trinity expressly disclaims any obligation or undertaking
to disseminate any updates or revisions to any forward-looking statement
contained herein to reflect any change in Trinity's expectations with regard
thereto or any change in events, conditions or circumstances on which any such
statement is based, except as required by federal securities laws.
Forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from historical experience or present
expectations, including but not limited to risks and uncertainties regarding
economic, competitive, governmental, and technological factors affecting
Trinity's operations, markets, products, services and prices, and such
forward-looking statements are not guarantees of future performance. For a
discussion of such risks and uncertainties, which could cause actual results to
differ from those contained in the forward-looking statements, see "Risk
Factors" and "Forward-Looking Statements" in Trinity's Annual Report on Form
10-K for the most recent fiscal year, as may be revised and updated by Trinity's
Quarterly Reports on Form 10-Q, and Trinity's Current Reports on Form 8-K.

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Item 9.01 Financial Statements and Exhibits.

(a) - (c) Not applicable.



(d) Exhibits:
    NO.                                              DESCRIPTION
     99.1            News Release dated October 21, 2020 with respect to the operating results for
                   the three month period ended September 30, 2020  .
     99.2            Conference call script of October 22, 2020.
     99.3            Q3 2020 Conference Call - Supplemental Materials
     101.INS       Inline XBRL Instance Document - the instance document does not appear in the
                   Interactive Data File because its XBRL tags are embedded within the Inline XBRL
                   document.
     101.SCH       Inline XBRL Taxonomy Extension Schema Document (filed electronically herewith).
     101.CAL       Inline XBRL Taxonomy Extension Calculation Linkbase Document (filed
                   electronically herewith).
     101.LAB       Inline XBRL Taxonomy Extension Label Linkbase Document (filed electronically
                   herewith).
     101.PRE       Inline XBRL Taxonomy Extension Presentation Linkbase Document (filed
                   electronically herewith).
     101.DEF       Inline XBRL Taxonomy Extension Definition Linkbase Document (filed
                   electronically herewith).
         104       Cover Page Interactive Data File (formatted as Inline XBRL and contained in
                   Exhibit 101).

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