Earnings Per Share (“EPS”), Share Repurchases and Dividends

9 Months Ended

Sep. 30, 2025

Earnings Per Share (“EPS”), Share Repurchases and Dividends

EPS


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions, except per share amounts)	2025		2024		2025		2024
Net earnings	$	72	$	57	$	176	$	124
Basic weighted average number of shares outstanding	266.2		264.0		265.9		263.3
Impact of dilutive share-based awards	2.2		4.3		2.8		4.1
Diluted weighted average number of shares outstanding	268.4		268.3		268.7		267.4
Earnings per share attributable to common stockholders - basic	$	0.27	$	0.22	$	0.66	$	0.47
Earnings per share attributable to common stockholders - diluted	$	0.26	$	0.21	$	0.65	$	0.46

Basic EPS is computed by dividing net earnings by the weighted average number of shares of common stock outstanding during each period. The computation of diluted EPS includes the dilutive

effect of outstanding share-based compensation awards (which primarily consist of employee stock options, restricted stock units, and performance-based restricted stock units).

Share Repurchases

On February 20, 2025, the Company announced that its Board of Directors (the “Board”) approved a share repurchase program that allows the Company to purchase up to $75 million of its outstanding common stock through March 4, 2027, subject to market conditions. As of September 30, 2025, the Company has repurchased approximately $24 million under the program. The Company retires its common stock upon repurchase with the excess over par value allocated to additional paid-in capital.

Dividends

The Company declared and paid a quarterly dividend of $.09 per share of its common stock during the three months ended September 30, 2025. Subsequent to quarter end, the Company’s Board declared a cash dividend of $.09 per share of common stock payable on December 2, 2025 to stockholders of record as of the close of business on November 18, 2025.