Earnings Per Share

9 Months Ended

Sep. 30, 2025

Earnings Per Share

Earnings Per Share

10. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in millions, except share and per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024			2025		2024
Numerator for basic and diluted earnings per share:
Net income (loss)	$	313.4	$	(100.6)	$	3.5	$	(181.3)
Denominator for earnings per share:
Weighted average number of basic and diluted common shares outstanding (1)		86,901,141		85,530,080		86,710,696		82,158,405
Earnings per share:
Basic and diluted	$	3.61	$	(1.18)	$	0.04	$	(2.21)

(1) Total diluted weighted average common shares outstanding excludes a de-minimis amount of potentially dilutive restricted stock units which would have been anti-dilutive for the three and nine months ended September 30, 2024, respectively.