Orion S.A. Earnings Per Share Disclosure
| Years Ended December 31, | ||||||||||||||||||||
| Dollars in millions, shares in thousands and per share amount in dollars | 2025 | 2024 | 2023 | |||||||||||||||||
| Net income (loss) | $ | (70.1) | $ | 44.2 | $ | 103.5 | ||||||||||||||
| Weighted average number of ordinary shares | 56,324 | 58,223 | 58,995 | |||||||||||||||||
| Basic Earnings (loss) per share | $ | (1.24) | $ | 0.76 | $ | 1.75 | ||||||||||||||
| Dilutive effect of share-based payments | — | 150 | 985 | |||||||||||||||||
| Weighted average number of diluted ordinary shares | 56,324 | 58,373 | 59,980 | |||||||||||||||||
| Diluted Earnings (loss) per share | $ | (1.24) | $ | 0.76 | $ | 1.73 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 15, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 17, 2022 | |
| 2020 | Feb 18, 2021 | |
| 2019 | Feb 20, 2020 | |
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.