Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2025

Basic Earnings (loss) per share is computed by dividing net income attributable to the Company by the weighted average number of Common stock outstanding during the period. Diluted Earnings (loss) per share equals net income attributable to the Company divided by the weighted average number of Common stock outstanding during the period, adjusted for the dilutive effect of our stock–based and other equity compensation awards.

The following table reflects the income and share data used in the basic and diluted Earnings (loss) per share computations:


	Years Ended December 31,
Dollars in millions, shares in thousands and per share amount in dollars	2025		2024		2023
Net income (loss)	$	(70.1)	$	44.2	$	103.5
Weighted average number of ordinary shares	56,324		58,223		58,995
Basic Earnings (loss) per share	$	(1.24)	$	0.76	$	1.75
Dilutive effect of share-based payments	—		150		985
Weighted average number of diluted ordinary shares	56,324		58,373		59,980
Diluted Earnings (loss) per share	$	(1.24)	$	0.76	$	1.73