Earnings Per Share

3 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Note 9: Earnings Per Share

The components of basic and diluted earnings per share were as follows:

	Three months ended June 30,
	2023		2022
Net earnings attributable to Modine	$	44.8	$	14.3
Weighted-average shares outstanding – basic		52.3		52.2
Effect of dilutive securities		0.7		0.2
Weighted-average shares outstanding – diluted		53.0		52.4
Earnings per share:
Net earnings per share – basic	$	0.86	$	0.27
Net earnings per share – diluted	$	0.85	$	0.27

For the three months ended June 30, 2023, the calculation of diluted earnings per share excluded 0.1 million restricted stock awards because they were anti-dilutive.

For the three months ended June 30, 2022, the calculation of diluted earnings per share excluded 0.9 million and 0.5 million stock options and restricted stock awards, respectively, because they were anti-dilutive.