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

9 Months Ended

Sep. 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 September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
	(In millions)
Weighted-average basic shares outstanding	13.9	13.1	13.8	12.7
Plus: Dilutive impact of employee stock awards	0.1	0.3	0.2	0.3
Weighted-average diluted shares outstanding	14.0	13.4	14.0	13.0

Anti-dilutive restricted stock awards, if any, are excluded from the computation of diluted earnings per share. Anti-dilutive shares were 0.1 million and 0.0 million for the three months ended September 30, 2025 and 2024, respectively. Anti-dilutive shares were 0.0 million for the nine months ended September 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 nine months ended September 30, 2025, and the Company has $34.1 million remaining under the ATM program.

PARK OHIO HOLDINGS CORP 10-Q