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Earnings Per Share | 12 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Note 9: Earnings Per Share The components of basic and diluted earnings per share were as follows:
|  | Years ended March 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Basic Earnings Per Share: |  |  |  |  |  |  |  |  |
Net earnings attributable to Modine |  | $ | 161.5 |  |  | $ | 153.1 |  |  | $ | 85.2 |
Weighted-average shares outstanding – basic |  |  | 52.4 |  |  |  | 52.3 |  |  |  | 52.0 |
Net earnings per share – basic |  | $ | 3.08 |  |  | $ | 2.93 |  |  | $ | 1.64 |
Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings attributable to Modine |  | $ | 161.5 |  |  | $ | 153.1 |  |  | $ | 85.2 |
Weighted-average shares outstanding – basic |  |  | 52.4 |  |  |  | 52.3 |  |  |  | 52.0 |
Effect of dilutive securities |  |  | 1.0 |  |  |  | 0.5 |  |  |  | 0.5 |
Weighted-average shares outstanding – diluted |  |  | 53.4 |  |  |  | 52.8 |  |  |  | 52.5 |
Net earnings per share – diluted |  | $ | 3.03 |  |  | $ | 2.90 |  |  | $ | 1.62 |
For fiscal 2024 there were no anti-dilutive securities that impacted the calculation of diluted earnings per share. For fiscal 2023 and 2022, the calculation of diluted earnings per share each excluded 0.5 million stock options, respectively, because they were anti-dilutive. For fiscal 2023 and 2022, the calculation of diluted earnings per share each excluded 0.2 million restricted stock awards, respectively, because they were anti-dilutive.

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