Fortune Brands Innovations, Inc. Earnings Per Share Disclosure
19. Earnings Per Share
The computations of earnings per common share were as follows:
(In millions, except per share data) |
|
2025 |
|
|
|
2024 |
|
|
2023 |
|
|||
Income from continuing operations |
|
$ |
298.8 |
|
|
|
$ |
471.9 |
|
|
$ |
405.5 |
|
Income from discontinued operations |
|
|
— |
|
|
|
|
— |
|
|
|
(1.0 |
) |
Net income |
|
$ |
298.8 |
|
|
|
$ |
471.9 |
|
|
$ |
404.5 |
|
Earnings per common share |
|
|
|
|
|
|
|
|
|
|
|||
Basic |
|
|
|
|
|
|
|
|
|
|
|||
Continuing operations |
|
$ |
2.48 |
|
|
|
$ |
3.78 |
|
|
$ |
3.20 |
|
Discontinued operations |
|
|
— |
|
|
|
|
— |
|
|
|
(0.01 |
) |
Basic earnings per share |
|
$ |
2.48 |
|
|
|
$ |
3.78 |
|
|
$ |
3.19 |
|
Diluted |
|
|
|
|
|
|
|
|
|
|
|||
Continuing operations |
|
$ |
2.47 |
|
|
|
$ |
3.75 |
|
|
$ |
3.17 |
|
Discontinued operations |
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Diluted earnings per share |
|
$ |
2.47 |
|
|
|
$ |
3.75 |
|
|
$ |
3.17 |
|
Basic average shares outstanding(a) |
|
|
120.7 |
|
|
|
|
124.8 |
|
|
|
126.9 |
|
Stock-based awards |
|
|
0.5 |
|
|
|
|
0.9 |
|
|
|
0.8 |
|
Diluted average shares outstanding(a) |
|
|
121.2 |
|
|
|
|
125.7 |
|
|
|
127.7 |
|
Antidilutive stock-based awards excluded from weighted-average |
|
|
1.8 |
|
|
|
|
0.6 |
|
|
|
0.9 |
|
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About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.