Earnings Per Share

3 Months Ended

Mar. 31, 2026

6. Earnings Per Share

Basic earnings per share ("EPS") amounts are calculated by dividing earnings available to common stockholders by the weighted average number of common shares outstanding. Diluted EPS is calculated by dividing net income attributable to common shareholders by the weighted average number of common and dilutive common equivalent shares outstanding during the period. Beginning in 2026, due to the previous conversion of all preferred stock to common, dilutive common equivalent shares are calculated using the if-converted method. In prior periods, dilutive common equivalent shares are calculated using the more dilutive of either the if-converted or two-class methods.

The following table shows the basic and diluted earnings per share:















	For the three months ended March 31,
	2026					2025
	Net Income (Loss)		Shares (in millions)	$ Per Share		Net Income (Loss)		Shares (in millions)	$ Per Share
Net income attributable to Century stockholders	$	337.5				$	29.7
Less: net income allocated to participating securities	—					1.5
Basic EPS:
Net income allocated to common stockholders	$	337.5	99.0	$	3.41	$	28.2	93.3	$	0.30
Effect of Dilutive Securities(1):
Share-based compensation	—		1.0			—		1.3
Convertible senior notes	0.7		4.6			0.7		4.6
Diluted EPS:
Net income allocated to common stockholders	$	338.2	104.6	$	3.23	$	28.9	99.2	$	0.29


Securities excluded from the calculation of diluted EPS (in millions)(1):	Three months ended March 31,
		2026	2025
Share-based compensation		0.6	0.7
Convertible preferred shares		—	5.0

(1)In periods when we report a net loss, all share-based compensation awards, convertible preferred shares and convertible senior notes are excluded from the calculation of diluted weighted average shares outstanding because of their anti-dilutive effect on earnings (loss) per share.