Earnings Per Share (Notes)

3 Months Ended

Dec. 31, 2025

EARNINGS PER SHARE

Basic earnings per share is based on the average number of shares of common stock outstanding during each period. Diluted earnings per share is based on the average number of shares of common stock used for the basic earnings per share calculation, adjusted for the dilutive effect of stock options and restricted stock units using the “treasury stock” method.

The following table presents the computation of basic and diluted earnings per share.


	Three Months Ended December 31,
		2025		2024
Net earnings		$	43.7	$	76.9





Weighted-average shares for basic earnings per share		119.3		128.9
Effect of dilutive securities:
Stock options		0.1		0.2
Restricted stock units		0.2		0.3
Performance-based restricted stock units		0.3		1.7


Weighted-average shares for diluted earnings per share		119.9		131.1

Basic earnings per common share		$	0.37	$	0.60
Diluted earnings per common share		$	0.36	$	0.59

The following table presents the securities that have been excluded from the calculation of weighted-average shares for diluted earnings per share as they were anti-dilutive.


	Three Months Ended December 31,
shares in millions	2025	2024

Restricted stock units	0.1	—
Performance-based restricted stock units	0.3	—