v3.26.3
Earnings Per Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share

7. Earnings Per Share

The following are the computations for basic and diluted earnings per share (in millions, except share and per share amounts):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net income

 

$

138.4

 

 

$

196.2

 

 

$

364.7

 

 

$

513.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

61,851,946

 

 

 

64,123,621

 

 

 

62,367,550

 

 

 

64,481,466

 

Dilutive equity-based compensation awards

 

 

392,654

 

 

 

469,920

 

 

 

392,708

 

 

 

329,495

 

Diluted

 

 

62,244,600

 

 

 

64,593,541

 

 

 

62,760,258

 

 

 

64,810,961

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.24

 

 

$

3.06

 

 

$

5.85

 

 

$

7.96

 

Diluted

 

 

2.22

 

 

 

3.04

 

 

 

5.81

 

 

 

7.92

 

Shares not included in the computation of diluted earnings per share attributable to common shareholders because they would have been anti-dilutive were 21,154 and 6,366 for the three months ended September 30, 2026 and 2025, respectively, and 148,807 and 130,630 for the nine months ended September 30, 2026 and 2025, respectively.