v3.26.1
Earnings Per Common Share
6 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Common Share

5. EARNINGS PER COMMON SHARE

 

 

 

Three Months Ended
March 31,

 

 

Six Months Ended
 March 31,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net Income From Continuing Operations

 

$

217.6

 

 

$

189.3

 

 

$

305.4

 

 

$

261.4

 

Net Income From Discontinued Operations, net of tax

 

 

64.6

 

 

 

20.0

 

 

 

71.8

 

 

 

29.2

 

Net Income

 

$

282.2

 

 

$

209.3

 

 

$

377.2

 

 

$

290.6

 

   Less: Provision for preferred dividends

 

 

1.5

 

 

 

3.7

 

 

 

5.2

 

 

 

7.4

 

            Income allocated to participating securities

 

 

0.4

 

 

 

0.3

 

 

 

0.5

 

 

 

0.4

 

            Preferred share redemption cost

 

 

8.0

 

 

 

 

 

 

8.0

 

 

 

 

Income Available to Common Shareholders

 

$

272.3

 

 

$

205.3

 

 

$

363.5

 

 

$

282.8

 

Weighted Average Common Shares Outstanding (in millions)

 

 

59.0

 

 

 

58.3

 

 

 

59.0

 

 

 

58.0

 

Basic Earnings Per Common Share - Continuing Operations Available to Common Shareholders

 

$

3.52

 

 

$

3.18

 

 

$

4.95

 

 

$

4.37

 

Basic Earnings Per Common Share - Discontinued Operations

 

$

1.09

 

 

$

0.34

 

 

$

1.21

 

 

$

0.51

 

Basic Earnings Per Common Share Available to Common Shareholders

 

$

4.61

 

 

$

3.52

 

 

$

6.16

 

 

$

4.88

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net Income From Continuing Operations

 

$

217.6

 

 

$

189.3

 

 

$

305.4

 

 

$

261.4

 

Net Income From Discontinued Operations, net of tax

 

 

64.6

 

 

 

20.0

 

 

 

71.8

 

 

 

29.2

 

Net Income

 

$

282.2

 

 

$

209.3

 

 

$

377.2

 

 

$

290.6

 

    Less: Provision for preferred dividends

 

 

1.5

 

 

 

3.7

 

 

 

5.2

 

 

 

7.4

 

              Income allocated to participating securities

 

 

0.4

 

 

 

0.3

 

 

 

0.5

 

 

 

0.4

 

             Preferred share redemption cost

 

 

8.0

 

 

 

 

 

 

8.0

 

 

 

 

Income Available to Common Shareholders

 

$

272.3

 

 

$

205.3

 

 

$

363.5

 

 

$

282.8

 

Weighted Average Common Shares Outstanding (in millions)

 

 

59.0

 

 

 

58.3

 

 

 

59.0

 

 

 

58.0

 

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

 

 

0.2

 

 

 

0.2

 

 

 

0.2

 

 

 

0.2

 

Weighted Average Diluted Common Shares (in millions)

 

 

59.2

 

 

 

58.5

 

 

 

59.2

 

 

 

58.2

 

Diluted Earnings Per Common Share -Continuing Operations Available to Common Shareholders

 

$

3.51

 

 

$

3.17

 

 

$

4.93

 

 

$

4.36

 

Diluted Earnings Per Common Share -Discontinued Operations

 

$

1.09

 

 

$

0.34

 

 

$

1.21

 

 

$

0.50

 

Diluted Earnings Per Common Share Available to Common Shareholders

 

$

4.60

 

 

$

3.51

 

 

$

6.14

 

 

$

4.86

 

 

* 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

 

 

 

0.1

 

 

 

0.1

 

 

 

0.1