v3.24.1.1.u2
Earnings Per Share
 12 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

Note 9:  Earnings Per Share

The components of basic and diluted earnings per share were as follows:

 
Years ended March 31,
  
   
2024
    
2023
    
2022
  
Basic Earnings Per Share:
                  
Net earnings attributable to Modine
  
$
161.5
    
$
153.1
 
$
85.2
                         
Weighted-average shares outstanding – basic
    
52.4
      
52.3
      
52.0
  
                         
Net earnings per share – basic
  
$
3.08
    
$
2.93
 
$
1.64
                         
Diluted Earnings Per Share:
                        
Net earnings attributable to Modine
  
$
161.5
    
$
153.1
 
$
85.2
                         
Weighted-average shares outstanding – basic
    
52.4
      
52.3
      
52.0
  
Effect of dilutive securities
    
1.0
      
0.5
      
0.5
  
Weighted-average shares outstanding – diluted
    
53.4
      
52.8
      
52.5
  
                         
Net earnings per share – diluted
  
$
3.03
    
$
2.90
 
$
1.62

For fiscal 2024 there were no anti-dilutive securities that impacted the calculation of diluted earnings per share. For fiscal 2023 and 2022, the calculation of diluted earnings per share each excluded 0.5 million stock options, respectively, because they were anti-dilutive. For fiscal 2023 and 2022, the calculation of diluted earnings per share each excluded 0.2 million restricted stock awards, respectively, because they were anti-dilutive.