Earnings Per Share

9 Months Ended

Sep. 30, 2025

Note 10 – Earnings Per Share

The computation of basic and diluted earnings per share is as follows:


	Three Months Ended September 30,					Nine Months Ended September 30,
(in millions, except per share data)	2025		2024			2025		2024
Numerator
Net income attributable to the Company	$	189.6	$	(104.0	)	$	409.9	$	58.7
Denominator
Basic weighted-average shares		102.8		103.6			103.5		103.9
Effect of dilutive restricted stock units (“RSUs”) and performance restricted stock units (“PRSUs”)		0.3		—			0.3		0.4
Diluted weighted-average shares		103.1		103.6			103.8		104.3
Net income per share attributable to the Company’s stockholders
Basic	$	1.84	$	(1.00	)	$	3.96	$	0.56
Diluted	$	1.84	$	(1.00	)	$	3.95	$	0.56

For the three and nine months ended September 30, 2025, 59 thousand RSUs and 49 thousand and 31 thousand PRSUs, respectively, were excluded from diluted weighted-average common shares outstanding due to their antidilutive effect. For the three and nine months ended September 30, 2024, 353 thousand and 6 thousand RSUs and 129 thousand and 42 thousand PRSUs, respectively, were excluded from diluted weighted-average common shares outstanding due to their antidilutive effect.