Annual report pursuant to Section 13 and 15(d)

Quarterly Information (Unaudited) (Tables)

v3.8.0.1
Quarterly Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Net Income, Basic Earnings Per Share and Diluted Earnings Per Share

 

 

2017

 

 

2016

 

 

 

(In millions, except per share data)

 

First Quarter Ended March 31

 

 

 

 

 

 

 

 

Net sales

 

$

1,102.1

 

 

$

1,119.6

 

Gross profit

 

 

897.5

 

 

 

906.5

 

Net income

 

 

85.2

 

 

 

95.8

 

Earnings per share

 

 

 

 

 

 

 

 

Basic

 

$

1.03

 

 

$

1.16

 

Diluted

 

$

0.98

 

 

$

1.12

 

Second Quarter Ended June 30

 

 

 

 

 

 

 

 

Net sales

 

$

1,146.9

 

 

$

1,201.8

 

Gross profit

 

 

928.1

 

 

 

965.5

 

Net income (loss)

 

 

137.6

 

 

 

(22.9

)

Earnings (loss) per share

 

 

 

 

 

 

 

 

Basic

 

$

1.69

 

 

$

(0.28

)

Diluted

 

$

1.61

 

 

$

(0.28

)

Third Quarter Ended September 30

 

 

 

 

 

 

 

 

Net sales

 

$

1,085.4

 

 

$

1,122.0

 

Gross profit

 

 

870.0

 

 

 

912.9

 

Net income

 

 

54.5

 

 

 

87.7

 

Earnings per share

 

 

 

 

 

 

 

 

Basic

 

$

0.69

 

 

$

1.06

 

Diluted

 

$

0.66

 

 

$

1.01

 

Fourth Quarter Ended December 31(1)

 

 

 

 

 

 

 

 

Net sales

 

$

1,093.3

 

 

$

1,045.0

 

Gross profit

 

 

883.5

 

 

 

848.9

 

Net (loss) income

 

 

(63.4

)

 

 

99.4

 

(Loss) Earnings per share

 

 

 

 

 

 

 

 

Basic

 

$

(0.87

)

 

$

1.19

 

Diluted

 

$

(0.87

)

 

$

1.16

 

 

(1)

Includes the impact of the U.S. Tax Reform enacted during the fourth quarter of 2017, as described further in Note 12, Income Taxes.