Axalta Coating Systems Ltd.
For the period ended Sep 30, 2025. Filed Oct 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 29, 2025
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(10) NET INCOME PER COMMON SHARE
Basic net income per common share excludes the dilutive impact of potentially dilutive securities and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted net income per common share includes the effect of potential dilution from the hypothetical exercise of outstanding stock options and vesting of restricted stock units and performance share units. A reconciliation of our basic and diluted net income per common share is as follows:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (In millions, except per share data) | 2025 | 2024 | 2025 | 2024 |
| Net income to common shareholders | $110 | $101 | $318 | $254 |
| Basic weighted average shares outstanding | 215.0 | 218.9 | 216.9 | 219.8 |
| Diluted weighted average shares outstanding | 215.9 | 219.9 | 217.9 | 220.8 |
| Net income per common share (1): | ||||
| Basic net income per share | $0.51 | $0.46 | $1.47 | $1.15 |
| Diluted net income per share | $0.51 | $0.46 | $1.46 | $1.15 |
(1) Basic earnings per share and diluted earnings per share are calculated based on full precision. Figures in the table may not recalculate due to rounding.
The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the three and nine months ended September 30, 2025 and 2024 was 0.3 million,0.2 million,0.2 million and 0.1 million, respectively.
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