NOTE 6. EARNINGS PER SHARE
Basic and diluted net (loss) income attributable to Olin Corporation per share are computed by dividing net (loss) income attributable to Olin Corporation by the weighted-average number of common shares outstanding. Diluted net (loss) income attributable to Olin Corporation per share reflects the dilutive effect of stock-based compensation.
Years Ended December 31,
202520242023
Computation of Earnings (Loss) per Share(In millions, except per share data)
Net (loss) income attributable to Olin Corporation(100.5)108.6 460.2 
Weighted-average common shares - basic114.6 117.8 125.9 
Dilutive effect of stock-based compensation— 1.7 2.9 
Weighted-average common shares - diluted114.6 119.5 128.8 
Earnings (loss) per common share attributable to Olin Corporation:
Basic$(0.88)$0.92 $3.66 
Diluted$(0.88)$0.91 $3.57 
The computation of dilutive shares does not include 3.5 million, 1.9 million and 1.2 million shares in 2025, 2024 and 2023, respectively, as their effect would have been anti-dilutive.

Historical Timeline

Fiscal YearFiled
2025Feb 20, 2026Showing above
2024Feb 20, 2025
2023Feb 22, 2024
2022Feb 23, 2023
2021Feb 24, 2022
2020Feb 22, 2021
2019Feb 25, 2020
2018Feb 25, 2019
2017Feb 26, 2018
2016Feb 28, 2017
2015Mar 1, 2016

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.