v3.25.2
Earnings Per Common Share
9 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Common Share

3. EARNINGS PER COMMON SHARE

 

 

 

Three Months Ended
June 30,

 

 

Nine Months Ended
 June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

$

20.9

 

 

$

(12.6

)

 

$

311.5

 

 

$

276.8

 

   Less: Provision for preferred dividends

 

 

3.7

 

 

 

3.7

 

 

 

11.1

 

 

 

11.1

 

              Income allocated to participating securities

 

 

 

 

 

 

 

 

0.4

 

 

 

0.4

 

Income (Loss) Available to Common Shareholders

 

$

17.2

 

 

$

(16.3

)

 

$

300.0

 

 

$

265.3

 

Weighted Average Common Shares Outstanding (in millions)

 

 

58.9

 

 

 

57.7

 

 

 

58.3

 

 

 

55.6

 

Basic Earnings Per Common Share

 

$

0.29

 

 

$

(0.28

)

 

$

5.14

 

 

$

4.77

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

$

20.9

 

 

$

(12.6

)

 

$

311.5

 

 

$

276.8

 

    Less: Provision for preferred dividends

 

 

3.7

 

 

 

3.7

 

 

 

11.1

 

 

 

11.1

 

             Income allocated to participating securities

 

 

 

 

 

 

 

 

0.4

 

 

 

0.4

 

Income (Loss) Available to Common Shareholders

 

$

17.2

 

 

$

(16.3

)

 

$

300.0

 

 

$

265.3

 

Weighted Average Common Shares Outstanding (in millions)

 

 

58.9

 

 

 

57.7

 

 

 

58.3

 

 

 

55.6

 

Dilutive Effect of forward sales of common stock, restricted
   stock and restricted stock units (in millions)*

 

 

0.2

 

 

 

 

 

 

0.2

 

 

 

0.1

 

Weighted Average Diluted Common Shares (in millions)

 

 

59.1

 

 

 

57.7

 

 

 

58.5

 

 

 

55.7

 

Diluted Earnings (Loss) Per Common Share

 

$

0.29

 

 

$

(0.28

)

 

$

5.13

 

 

$

4.76

 

 

* Calculation excludes certain outstanding or potential common shares (shown in millions by period at the right) attributable to (1) forward sales of common stock, (2) stock units subject to performance or market conditions and (3) restricted stock, which could have a dilutive effect in the future

 

 

0.1

 

 

 

0.4

 

 

 

0.1

 

 

 

0.4