|
2023 |
2022 |
|||||||
Earnings per diluted share |
Q2 |
Q1 |
Q2 |
||||||
GAAP earnings per diluted share |
$ |
0.96 |
|
$ |
(0.19 |
) |
$ |
0.94 |
|
|
|
|
|
||||||
Acquisition and divestiture related costs: |
|
|
|
||||||
Dispositions |
|
— |
|
|
0.05 |
|
|
— |
|
Loss/(gain) on sale or disposal of assets |
|
(0.02 |
) |
|
— |
|
|
— |
|
|
|
|
|
||||||
Restructuring, business realignment and other cost saving initiatives: |
|
|
|
||||||
Restructuring, severance, impairment and other related costs |
|
0.18 |
|
|
0.49 |
|
|
0.04 |
|
|
|
|
|
||||||
Non-routine shareholder advisory costs |
|
— |
|
|
0.31 |
|
|
— |
|
(Income) costs associated with terminated merger |
|
0.06 |
|
|
0.08 |
|
|
0.14 |
|
UTIS fire (recovery)/charges |
|
(0.25 |
) |
|
(0.01 |
) |
|
(0.07 |
) |
| Impact of including dilutive securities (a) |
|
— |
|
|
— |
|
|
— |
|
| Total discrete items |
$ |
(0.01 |
) |
$ |
0.92 |
|
$ |
0.11 |
|
|
|
|
|
|
||||||
| Earnings per diluted share adjusted for discrete items |
|
0.94 |
|
|
0.73 |
|
|
1.05 |
|
|
|
|
|
|
||||||
| Acquisition intangible amortization |
$ |
0.13 |
|
$ |
0.14 |
|
$ |
0.17 |
|
|
|
|
|
|
||||||
| Adjusted earnings per diluted share |
$ |
1.07 |
|
$ |
0.87 |
|
$ |
1.22 |
|
| *Values in table may not add due to rounding. |
| (a) This represents the dilutive effect of awards under equity compensation plans. Refer to the table below for the effect on adjusted weighted average shares outstanding - diluted. |
| The following table reconciles weighted average shares outstanding - diluted under US GAAP to adjusted weighted average shares outstanding - diluted used in the calculation of adjusted diluted EPS: |
|
|
2023 |
2022 |
|
| (Shares in thousands) |
Q2 |
Q1 |
Q2 |
| Weighted average shares outstanding - diluted |
18,683 |
18,604 |
18,992 |
| Dilutive effect of awards under equity compensation plans |
— |
32 |
— |
| Adjusted weighted average shares outstanding - diluted |
18,683 |
18,636 |
18,992 |
