Income Taxes

6 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

9. Income Taxes

The following table summarizes the Company’s income tax expense (benefit) and effective income tax rate for the three and six months ended March 31, 2025 and 2024.

	Three Months Ended March 31,						Six Months Ended March 31,
	2025			2024			2025			2024
Income (loss) before income taxes	$	8.7		$	47.0		$	(5.9	)	$	24.9
Income tax expense (benefit)		2.3			13.3			(1.9	)		7.6
Effective income tax rate		26.4	%		28.3	%		32.2	%		30.5	%

The decrease in the effective tax rate for the three months ended March 31, 2025, when compared to the three months ended March 31, 2024, is primarily attributable to the impact of the nonrecurring gain on the divestiture of the U.S. Lawns subsidiary on pre-tax book income in the prior year.

The increase in effective tax rate for the six months ended March 31, 2025, when compared to the six months ended March 31, 2024, is primarily attributable to equity-based compensation adjustments, partially offset by changes in pre-tax book income primarily attributable to the nonrecurring gain on the divestiture of the U.S. Lawns subsidiary that occurred in the prior fiscal year.