Basic and diluted earnings per share were calculated as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Second Quarter | | Year-to-date | | | In millions except share and per-share data | 2025 | | 2024 | | 2025 | | 2024 | | | Basic earnings / (loss): | | | | | | | | | | Net income / (loss) from continuing operations | $ | 5.0 | | | $ | (0.4) | | | $ | 10.5 | | | $ | 2.4 | | | | Net loss from discontinued operations | (2.4) | | | (0.1) | | | (2.4) | | | (0.2) | | | | Net income / (loss) | $ | 2.6 | | | $ | (0.5) | | | $ | 8.1 | | | $ | 2.2 | | | | | | | | | | | | | | Weighted average number of £0.50 ordinary shares: | | | | | | | | | | For basic earnings per share | 26,749,018 | | | 26,831,372 | | | 26,741,271 | | | 26,826,123 | | | | Dilutive effect of potential common stock | 349,179 | | | 100,919 | | | 402,613 | | | 66,107 | | | | For diluted earnings per share | 27,098,197 | | | 26,932,291 | | | 27,143,884 | | | 26,892,230 | | | | | | | | | | | | | | Earnings / (loss) per share using weighted average number of ordinary shares outstanding(1): | | | Basic earnings / (loss) per ordinary share for continuing operations | $ | 0.19 | | | $ | (0.01) | | | $ | 0.39 | | | $ | 0.09 | | | | Basic loss per ordinary share for discontinued operations | (0.09) | | | (0.01) | | | (0.09) | | | (0.01) | | | | Basic earnings / (loss) per ordinary share | $ | 0.10 | | | $ | (0.02) | | | $ | 0.30 | | | $ | 0.08 | | | | | | | | | | | | | | Diluted earnings / (loss) per ordinary share for continuing operations | $ | 0.18 | | | $ | (0.01) | | | $ | 0.39 | | | $ | 0.09 | | | | Diluted loss per ordinary share for discontinued operations | (0.09) | | | — | | | (0.09) | | | (0.01) | | | | Diluted earnings / (loss) per ordinary share | $ | 0.10 | | | $ | (0.02) | | | $ | 0.30 | | | $ | 0.08 | | |
(1) The calculation of earnings per share is performed separately for continuing and discontinued operations. As a result, the sum of the two in any particular period may not equal the earnings-per-share amount in total.
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