Earnings Per Share

6 Months Ended

Mar. 31, 2025

EARNINGS PER SHARE

The following table summarizes basic and diluted earnings per share:


	Three months ended March 31				Six months ended March 31

(In millions, except per share amounts)	2025		2024		2025		2024
Numerator
Income from continuing operations	$	38.3	$	43.3	$	132.2	$	77.2
Loss from discontinued operations, net of tax	(0.7)		(1.9)		(3.0)		(3.9)
Net income	$	37.6	$	41.4	$	129.2	$	73.3

Denominator
Weighted average common shares outstanding	127.6		129.8		128.2		130.8
Effect of potentially dilutive securities (a)	0.6		0.9		0.7		0.9
Weighted average diluted shares outstanding	128.2		130.7		128.9		131.7

Basic earnings (loss) per share
Continuing operations	$	0.30	$	0.33	$	1.03	$	0.59
Discontinued operations	(0.01)		(0.01)		(0.02)		(0.03)
Basic earnings per share	$	0.29	$	0.32	$	1.01	$	0.56

Diluted earnings (loss) per share
Continuing operations	$	0.30	$	0.33	$	1.02	$	0.59
Discontinued operations	(0.01)		(0.01)		(0.02)		(0.03)
Diluted earnings per share	$	0.29	$	0.32	$	1.00	$	0.56

(a)There were 0.1 million outstanding stock appreciation rights not included in the computation of diluted earnings per share in the three months ended March 31, 2025 and 2024, respectively, and 0.1 million and 0.2 million in the six months ended March 31, 2025 and 2024, respectively, because the effect would have been antidilutive.