EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

Basic net earnings per share (“EPS”) is computed by dividing net earnings by the weighted average number of outstanding common shares. Diluted net EPS reflects the increase in weighted average common shares outstanding that would result from the assumed exercise of outstanding stock incentive plan awards calculated using the treasury stock method.

Basic and diluted EPS were calculated as follows:


	For the Years Ended December 31,
	2024		2023		2022
	(in millions, except per share data)
Net income	$	185.6	$	171.3	$	170.4
Weighted-average shares for basic EPS	83.2		83.3		83.3
Plus incremental shares from assumed conversions of long-term incentive plan shares	0.4		0.1		—
Weighted-average shares for diluted EPS	83.6		83.4		83.3
Basic earnings per share	$	2.23	$	2.06	$	2.05
Diluted earnings per share	$	2.22	$	2.05	$	2.05

Basic and diluted EPS for the year ended December 31, 2022 was calculated using the shares of common stock that were issued and outstanding as of the completion of the IPO. For the periods prior to the IPO, it is assumed that there were no dilutive equity instruments as there were no equity awards of Atmus outstanding prior to the IPO. Post IPO, there were no anti-dilutive shares.