EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2026


(in millions, except per share data)	Three Months Ended September 30,				Nine Months Ended September 30,

	2026		2025		2026		2025
Income from continuing operations	$	114	$	65	$	131	$	158
Income from discontinued operations – net of tax	$	—	$	—	$	4	$	—

Net income	$	114	$	65	$	135	$	158
Basic:
Weighted average shares outstanding	113.3		65.6		107.5		65.9
Earnings per share – basic:
Income from continuing operations	$	1.01	$	0.99	$	1.22	$	2.40
Income from discontinued operations – net of tax	—		—		0.04		—

Earnings per share	$	1.01	$	0.99	$	1.26	$	2.40
Diluted:
Basic weighted average shares outstanding	113.3		65.6		107.5		65.9

Effect of dilutive restricted stock	0.7		0.6		0.8		0.5
Diluted weighted average shares outstanding	114.0		66.2		108.3		66.4
Earnings per share – diluted:
Income from continuing operations	$	1.00	$	0.98	$	1.21	$	2.38
Income from discontinued operations – net of tax	—		—		0.04		—

Earnings per share	$	1.00	$	0.98	$	1.25	$	2.38

Non-vested restricted stock awards and restricted stock units (“Restricted Stock”) granted by the Company are treated as potential common shares outstanding in computing diluted earnings per share using the treasury stock method. Weighted average Restricted Stock of approximately 0.4 million and 0.1 million were outstanding during the three months ended September 30, 2026 and 2025, respectively, but were not included in the computation of diluted shares as the effect would be anti-dilutive or performance targets were not expected to be achieved for awards contingent upon performance. Weighted average Restricted Stock of approximately 0.3 million and 0.3 million were outstanding during the nine months ended September 30, 2026 and 2025, respectively, but were not included in the computation of diluted shares as the effect would be anti-dilutive or performance targets were not expected to be achieved for awards contingent upon performance.