Weighted-Average Number of Shares Used in Computing Earnings Per Share

6 Months Ended

Jun. 30, 2025

Weighted-Average Number of Shares Used in Computing Earnings Per Share

The following table sets forth the weighted-average number of shares used in the computation of earnings per share:


	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
	(In millions)
Weighted-average basic shares outstanding	13.7	12.5	13.7	12.4
Plus: Dilutive impact of employee stock awards	0.3	0.4	0.2	0.4
Weighted-average diluted shares outstanding	14.0	12.9	13.9	12.8

Anti-dilutive restricted stock awards, if any, are excluded from the computation of diluted earnings per share. Anti-dilutive shares were 0.0 million for both the three and six months ended June 30, 2025 and 2024.

In June 2024, the Company entered into an agreement providing for an at-the-market program (“ATM program”) authorizing the sale of up to $50.0 million of the Company's common stock. No sales were made in the six months ended June 30, 2025, and the Company has $34.1 million remaining under the ATM program.

PARK OHIO HOLDINGS CORP 10-Q