EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic and diluted earnings per share (“EPS”) were calculated as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2024		2023		2024		2023
	(in millions, except per share data)
Net income	$	56.2	$	46.2	$	101.7	$	98.9
Weighted-average shares for basic EPS	83.4		83.3		83.4		83.3
Plus incremental shares from assumed conversions of long-term incentive plan shares	0.3		—		0.3		—
Weighted-average shares for diluted EPS	83.7		83.3		83.7		83.3
Basic earnings per share	$	0.67	$	0.55	$	1.22	$	1.19
Diluted earnings per share	$	0.67	$	0.55	$	1.22	$	1.19

Basic and diluted earnings per share for the three and six months ended June 30, 2024 was calculated using the shares of common stock that were issued and outstanding as of the completion of the IPO. For the periods prior to the IPO, it is assumed that there were no dilutive equity instruments as there were no equity awards of Atmus outstanding prior to the IPO. Post-IPO, there were no anti-dilutive shares.