Earnings per share

3 Months Ended

Mar. 30, 2025

Basic earnings per share are computed by dividing net income or loss for the period by the weighted-average number of ordinary shares outstanding, net of treasury shares and shares held in ESOP. Diluted earnings per share are computed by dividing net income or loss for the period by the weighted average number of ordinary shares outstanding and the dilutive ordinary shares equivalents.

Basic and diluted earnings per share were calculated as follows:


	First Quarter
In millions except share and per-share data	2025		2024
Basic earnings:
Net income from continuing operations	$	5.5	$	2.8
Net loss from discontinued operations	—		(0.1)
Net income	$	5.5	$	2.7

Weighted average number of £0.50 ordinary shares:
For basic earnings per share	26,733,252		26,820,968
Dilutive effect of potential common stock	398,485		46,008
For diluted earnings per share	27,131,737		26,866,976

Earnings / (loss) per share using weighted average number of ordinary shares outstanding(1):
Basic earnings per ordinary share for continuing operations	$	0.21	$	0.10
Basic loss per ordinary share for discontinued operations	—		—
Basic earnings per ordinary share	$	0.21	$	0.10

Diluted earnings per ordinary share for continuing operations	$	0.20	$	0.10
Diluted loss per ordinary share for discontinued operations	—		—
Diluted earnings per ordinary share	$	0.20	$	0.10

(1) The calculation of earnings per share is performed separately for continuing and discontinued operations. As a result, the sum of the two in any particular period may not equal the earnings-per-share amount in total

In the First Quarter of 2025 and 2024, basic average shares outstanding and diluted average shares outstanding were the same for discontinued operations because the effect of potential shares of common stock was anti-dilutive since the Company generated a net loss from discontinued operations.