EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

NOTE 8 - EARNINGS PER SHARE

Basic earnings per share are computed using the weighted-average number of ordinary shares outstanding during the year.

Diluted earnings per share are computed using the weighted-average number of ordinary shares and ordinary share equivalents

outstanding during the year. Ordinary share equivalents represent the dilutive effect of outstanding equity-based awards.

The reconciliation of the numerator and denominator of basic and diluted earnings per share was as follows:


	Year ended December 31,
(in millions of US Dollars except share and per share amounts )	2024	2023	2022
Numerator:
Net income attributable to equity holders of Constellium	56	152	308
Denominator:
Basic - weighted-average ordinary shares outstanding	145,718,545	146,129,941	143,625,764
Dilutive effect of non-vested restricted stock units and performance- based restricted stock units	2,285,621	2,341,994	3,335,426
Diluted - weighted-average ordinary shares, of restricted stock units and performance-based restricted stock units	148,004,166	148,471,935	146,961,190
Basic earnings per share	$0.38	$1.04	$2.14
Diluted earnings per share	$0.38	$1.03	$2.10

For the years ended December 31, 2024, 2023 and 2022, no ordinary shares assuming exercise of equity-based awards

were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.