Earnings Per Share

9 Months Ended

Dec. 31, 2024

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended December 31,				Nine Months Ended December 31,
(in thousands, except share and per share data)	2024		2023		2024		2023

Basic Earnings (Loss) Per Share
Numerator for basic earnings (loss) per share
Net income (loss) attributable to Universal Corporation	$	59,639	$	53,216	$	85,709	$	79,280




Denominator for basic earnings (loss) per share
Weighted average shares outstanding	24,980,792		24,849,498		24,934,786		24,853,774

Basic earnings (loss) per share	$	2.39	$	2.14	$	3.44	$	3.19

Diluted Earnings (Loss) Per Share
Numerator for diluted earnings (loss) per share



Net income (loss) attributable to Universal Corporation	$	59,639	$	53,216	$	85,709	$	79,280

Denominator for diluted earnings (loss) per share:
Weighted average shares outstanding	24,980,792		24,849,498		24,934,786		24,853,774
Effect of dilutive securities

Employee and outside director share-based awards	161,875		206,331		180,367		163,393
Denominator for diluted earnings (loss) per share	25,142,667		25,055,829		25,115,153		25,017,167

Diluted earnings (loss) per share	$	2.37	$	2.12	$	3.41	$	3.17