Annual report pursuant to Section 13 and 15(d)

Quarterly Information (Unaudited) (Tables)

v3.10.0.1
Quarterly Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Net Income, Basic Earnings Per Share and Diluted Earnings Per Share

 

 

2018

 

 

2017

 

 

 

(in millions, except per share amounts)

 

First Quarter Ended March 31

 

 

 

 

 

 

 

 

Net sales

 

$

1,176.9

 

 

$

1,102.1

 

Gross profit

 

 

937.0

 

 

 

897.5

 

Net income

 

 

82.1

 

 

 

85.2

 

Earnings per share:

 

 

 

 

 

 

 

 

Basic

 

$

0.57

 

 

$

0.51

 

Diluted

 

$

0.54

 

 

$

0.49

 

Second Quarter Ended June 30

 

 

 

 

 

 

 

 

Net sales

 

$

1,285.5

 

 

$

1,146.9

 

Gross profit

 

 

1,050.1

 

 

 

928.1

 

Net income

 

 

94.4

 

 

 

137.6

 

Earnings per share:

 

 

 

 

 

 

 

 

Basic

 

$

0.66

 

 

$

0.84

 

Diluted

 

$

0.62

 

 

$

0.81

 

Third Quarter Ended September 30

 

 

 

 

 

 

 

 

Net sales

 

$

1,242.8

 

 

$

1,085.4

 

Gross profit

 

 

1,024.7

 

 

 

870.0

 

Net income

 

 

71.2

 

 

 

54.5

 

Earnings per share:

 

 

 

 

 

 

 

 

Basic

 

$

0.52

 

 

$

0.34

 

Diluted

 

$

0.49

 

 

$

0.33

 

Fourth Quarter Ended December 31(1)

 

 

 

 

 

 

 

 

Net sales

 

$

1,186.6

 

 

$

1,093.3

 

Gross profit

 

 

960.7

 

 

 

883.5

 

Net income (loss)

 

 

48.9

 

 

 

(63.4

)

Earnings (loss) per share:

 

 

 

 

 

 

 

 

Basic

 

$

0.36

 

 

$

(0.43

)

Diluted

 

$

0.34

 

 

$

(0.43

)

 

(1)

The fourth quarters of both 2018 and 2017 include the impact of U.S. Tax Reform enacted during the fourth quarter of 2017, as described further in Note 12, Income Taxes.