(Loss) Earnings Per Share

12 Months Ended

Sep. 30, 2024

Earnings per Share

The dilutive effects of performance-based stock awards described in Note 11 are included in the computation of diluted earnings per share at the level the related performance criteria are met through the respective Consolidated Balance Sheet date. At September 30, 2024, 2023, and 2022, potential dilutive effects representing 438,000, 349,000, and 373,000 shares, respectively, were excluded from the computation of diluted earnings per share as the related performance criteria were not yet met, although the Company expects to meet various levels of criteria in the future.


	Year Ended September 30,
	2024		2023		2022
(Loss) income from continuing operations	$	(204.2)	$	114.1	$	115.7
Less: Net income attributable to noncontrolling interests	9.0		7.0		6.3
(Loss) income from continuing operations attributable to Hillenbrand	$	(213.2)	$	107.1	$	109.4

Weighted average shares outstanding — basic (in millions)	70.4		69.8		71.7
Effect of dilutive stock options and unvested time-based restricted stock (in millions)(1)	—		0.3		0.5
Weighted average shares outstanding — diluted (in millions)	70.4		70.1		72.2

Basic (loss) earnings per share from continuing operations attributable to Hillenbrand	$	(3.03)	$	1.53	$	1.52
Diluted (loss) earnings per share from continuing operations attributable to Hillenbrand	$	(3.03)	$	1.53	$	1.51

Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (millions)	1.1		0.2		0.3

(1) As a result of the net loss attributable to Hillenbrand during the year ended September 30, 2024, the effect of stock options and other unvested equity awards would be antidilutive. In accordance with GAAP, they have been excluded from the diluted earnings per share calculation.