DuPont de Nemours Inc
For the period ended Mar 31, 2024. Filed May 1, 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.
Mar 31, 2024 · Filed May 1, 2024
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Earnings Per Share Calculations
NOTE 9 -EARNINGS PER SHARE CALCULATIONS
The following tables provide earnings per share calculations for the three months ended March 31, 2024 and 2023:
| Net Income for Earnings Per Share Calculations - Basic & Diluted | Three Months Ended March 31, | |
|---|---|---|
| In millions | 2024 | 2023 |
| Income from continuing operations, net of tax | $183 | $273 |
| Net income from continuing operations attributable to noncontrolling interests | 8 | 8 |
| Income from continuing operations attributable to common stockholders | $175 | $265 |
| Income (loss) from discontinued operations attributable to common stockholders, net of tax | $14 | $(8) |
| Net income attributable to common stockholders | $189 | $257 |
| Earnings Per Share Calculations - Basic | Three Months Ended March 31, | |
|---|---|---|
| Dollars per share | 2024 | 2023 |
| Earnings from continuing operations attributable to common stockholders | $0.41 | $0.58 |
| Earnings (loss) from discontinued operations, net of tax | 0.03 | (0.02) |
| Earnings attributable to common stockholders 1 | $0.45 | $0.56 |
| Earnings Per Share Calculations - Diluted | Three Months Ended March 31, | |
|---|---|---|
| Dollars per share | 2024 | 2023 |
| Earnings from continuing operations attributable to common stockholders | $0.41 | $0.58 |
| Earnings (loss) from discontinued operations, net of tax | 0.03 | (0.02) |
| Earnings attributable to common stockholders 1 | $0.45 | $0.56 |
| Share Count Information | Three Months Ended March 31, | |
|---|---|---|
| Shares in millions | 2024 | 2023 |
| Weighted-average common shares - basic | 422.8 | 458.8 |
| Plus dilutive effect of equity compensation plans | 1.5 | 1.4 |
| Weighted-average common shares - diluted | 424.3 | 460.2 |
| Stock options, restricted stock units, and performance-based restricted stock units excluded from EPS calculations 2 | 2.7 | 2.3 |
Earnings per share amounts are computed independently for income from continuing operations, income from discontinued operations and net income attributable to common stockholders. As a result, the per share amounts from continuing operations and discontinued operations may not equal the total per share amounts for net income attributable to common stockholders.
These outstanding options to purchase shares of common stock, restricted stock units and performance-based restricted stock units were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.
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