EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2025

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 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 Three Months Ended September 30,				For the Nine Months Ended September 30,
	2025		2024		2025		2024
	(in millions, except per share data)
Net income	$	54.8	$	43.8	$	159.4	$	145.5
Weighted-average shares for basic EPS	82.0		83.2		82.7		83.3
Plus incremental shares from assumed conversions of long-term incentive plan shares	0.7		0.4		0.6		0.3
Weighted-average shares for diluted EPS	82.7		83.6		83.3		83.6
Basic earnings per share	$	0.67	$	0.53	$	1.93	$	1.75
Diluted earnings per share	$	0.66	$	0.52	$	1.91	$	1.74