EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

NOTE 7 - EARNINGS PER SHARE

Basic earnings per share are computed using the weighted-average number of ordinary shares outstanding during the period. Diluted earnings per share are computed using the weighted-average number of ordinary shares and ordinary share equivalents outstanding during the period. 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:


	Three months ended March 31,
(in millions of U.S. Dollars except share and per share amounts )		2025		2024
Numerator:
Net income attributable to equity holders of Constellium		37		21
Denominator:
Basic - weighted-average ordinary shares outstanding		142,495,499		146,796,257
Dilutive effect of non-vested restricted stock units and performance-based restricted stock units		1,594,032		3,414,769
Diluted - weighted-average ordinary shares, of restricted stock units and performance-based restricted stock units		144,089,531		150,211,026
Basic earnings per share		$	0.26	$	0.14
Diluted earnings per share		$	0.26	$	0.14

For the three months ended March 31, 2025 and 2024 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.