SunCoke Energy Inc
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
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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.
Jun 30, 2024 · Filed Jul 31, 2024
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9. Earnings per Share
- Earnings per Share
Basic earnings per share (“EPS”) has been computed by dividing net income attributable to SunCoke Energy, Inc. by the weighted average number of shares outstanding during the period. Except where the result would be anti-dilutive, diluted EPS has been computed to give effect to share-based compensation awards using the treasury stock method.
The following table sets forth the reconciliation of the weighted-average number of common shares used to compute basic EPS to those used to compute diluted EPS:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Shares in millions) | ||||
| Weighted-average number of common shares outstanding-basic | 85.1 | 84.7 | 85.0 | 84.6 |
| Add: Effect of dilutive share-based compensation awards | 0.2 | 0.2 | 0.3 | 0.3 |
| Weighted-average number of shares-diluted | 85.3 | 84.9 | 85.3 | 84.9 |
The following table shows equity awards that are excluded from the computation of diluted EPS as the shares would have been anti-dilutive:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Shares in millions) | ||||
| Stock options | 0.5 | 1.2 | 0.6 | 1.3 |
| Restricted stock units | — | 0.1 | — | — |
| Performance share units | 0.1 | — | 0.1 | — |
| Total | 0.6 | 1.3 | 0.7 | 1.3 |
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