Earnings Per Share

3 Months Ended

Mar. 31, 2023

Note 7 - Earnings Per Share

The following table sets forth the reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share for the three months ended March 31, 2023 and 2022, respectively:


	Three Months Ended March 31,
	2023		2022
Numerator:
Net income attributable to The Timken Company	$	122.3	$	118.2



Denominator:
Weighted average number of shares outstanding - basic	72,499,928		74,782,153
Effect of dilutive securities:
Stock options and awards - based on the treasury stock method	860,926		763,512
Weighted average number of shares outstanding assuming dilution of stock options and awards	73,360,854		75,545,665
Basic earnings per share	$	1.69	$	1.58
Diluted earnings per share	$	1.67	$	1.56

The dilutive effect of performance-based restricted stock units are included once they meet minimum performance thresholds. The dilutive effect of stock options includes all outstanding stock options except stock options that are considered antidilutive. Stock options are antidilutive when the exercise price exceeds the average market price of the Company’s common shares during the periods presented. There were no antidilutive stock options outstanding during the three months ended March 31, 2023 and 2022.