9. INCOME PER COMMON SHARE
The following table provides a reconciliation of the basic and diluted earnings per share (“EPS”) computations for the three and nine months ended June 30, 2026 and 2025:
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| Three Months Ended
June 30, | |
| Nine Months Ended
June 30, | |
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(in thousands, except per share data)
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2026
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2025
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2026
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2025
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Income:
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Consolidated net income
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| $ |
2,543 |
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| $ |
887 |
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| $ |
4,242 |
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| $ |
2,986 |
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Net income attributable to noncontrolling interests
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(446 |
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- |
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(1,009 |
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- |
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Net income attributable to Janel Corporation
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2,097 |
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887 |
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3,233 |
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2,986 |
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Preferred stock dividends
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(114 |
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(77 |
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(326 |
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(271 |
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Non-controlling interest dividends
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- |
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- |
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- |
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(243 |
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Net income available to common stockholders
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| $ |
1,983 |
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| $ |
810 |
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| $ |
2,907 |
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| $ |
2,472 |
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Common Shares:
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Basic - weighted average common shares
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1,186 |
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1,186 |
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1,186 |
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1,186 |
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Effect of dilutive securities:
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Stock options
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30 |
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21 |
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31 |
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20 |
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Diluted - weighted average common stock
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1,216 |
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1,207 |
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1,217 |
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1,206 |
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Income per Common Share:
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Basic
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Consolidated net income
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| $ |
2.14 |
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| $ |
0.75 |
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| $ |
3.58 |
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| $ |
2.52 |
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Net income attributable to noncontrolling interests
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(0.37 |
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- |
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(0.86 |
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- |
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Preferred stock dividends
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(0.10 |
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(0.07 |
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(0.27 |
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(0.24 |
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Noncontrolling interest dividends
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- |
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- |
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- |
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(0.20 |
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Net income available to common shareholders
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| $ |
1.67 |
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| $ |
0.68 |
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| $ |
2.45 |
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| $ |
2.08 |
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Diluted
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Consolidated net income
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| $ |
2.09 |
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| $ |
0.74 |
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| $ |
3.49 |
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| $ |
2.48 |
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Net income attributable to noncontrolling interests
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(0.37 |
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- |
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(0.83 |
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- |
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Preferred stock dividends
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(0.09 |
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(0.07 |
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(0.27 |
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(0.23 |
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Noncontrolling interest dividends
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- |
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- |
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- |
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(0.20 |
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Net income available to common stockholders
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| $ |
1.63 |
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| $ |
0.67 |
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| $ |
2.39 |
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| $ |
2.05 |
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The computation for the diluted number of shares excludes unexercised stock options that are anti-dilutive. There were 10 anti-dilutive shares for each of the three and nine months ended June 30, 2026 and 22.5 anti-dilutive shares for each of the three and nine months ended June 30, 2025.
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