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Press Release

Trinity Industries, Inc. Announces Fifth Circuit Denies Petition for Rehearing En Banc in False Claims Act Case

Company Release - 11/14/2017 4:15 PM ET

DALLAS--(BUSINESS WIRE)-- Trinity Industries, Inc. (NYSE:TRN) announces that earlier today the United States Court of Appeals for the Fifth Circuit, in a per curiam order, denied the Relator’s Petition for Rehearing En Banc in Joshua Harman, on behalf of the United States of America, Plaintiff/Relator v. Trinity Industries, Inc. and Trinity Highway Products, LLC, Defendants.

The Company will continue to monitor any pursuit by the Relator of further appellate recourse in this matter.

Please refer to the Company’s Note 18 to the financial statements in Trinity’s Form 10-Q for the period ended September 30, 2017 for additional information about Joshua Harman, on behalf of the United States of America, Plaintiff/Relator v. Trinity Industries, Inc. and Trinity Highway Products, LLC, Defendants and the Company’s other litigation.

Information from the FHWA pertaining to the ET Plus® System may be found at: http://www.fhwa.dot.gov/guardrailsafety/.

Additional facts and product information related to the ET Plus® System may be found at: www.etplusfacts.com.

COMPANY DESCRIPTION

Trinity Industries, Inc., headquartered in Dallas, Texas, is a diversified industrial company that owns complementary market-leading businesses providing products and services to the energy, chemical, agriculture, transportation, and construction sectors, among others. Trinity reports its financial results in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group. For more information, visit: www.trin.net.

Trinity Highway Products, LLC is a subsidiary of Trinity Industries, Inc.

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. Trinity uses the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” “guidance” and similar expressions to identify these forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations. 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 the Company's Annual Report on Form 10-K for the most recent fiscal year.

Trinity Industries, Inc.
Investor Contact:
Preston Bass, 214-631-4420
Director, Investor Relations
or
Media Contact:
Jack Todd, 214-589-8909
Vice President, Public Affairs

Source: Trinity Industries, Inc.