($ in millions, except per share data)

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

2021:

Sales(a)

$

1,259.2

$

1,319.7

$

1,301.0

$

1,374.8

Gross profit

711.9

755.5

745.7

794.0

Operating profit

197.6

211.3

202.3

201.6

Earnings from continuing operations, net of income taxes

111.7

182.0

152.6

167.9

Earnings (loss) from discontinued operations, net of income taxes

(1.5)

(1.1)

(0.3)

(2.9)

Net earnings

$

110.2

$

180.9

$

152.3

$

165.0

Earnings per common share - basic:

Continuing operations

$

0.28

$

0.49

$

0.42

$

0.47

Discontinued operations

—

(0.01)

Total earnings per common share - basic

$

0.27

$

0.48

$

0.42

$

0.46

Earnings per common share - diluted:

Continuing operations

$

0.28

$

0.48

$

0.42

$

0.46

Discontinued operations

—

(0.01)

Total earnings per common share - diluted

$

0.27

$

0.48

$

0.42

$

0.44

2020:

Sales

$

1,108.1

$

1,041.6

$

1,159.8

$

1,324.9

Gross profit

612.0

582.8

651.6

762.1

Operating profit

115.4

102.6

137.5

183.9

Earnings from continuing operations, net of income taxes

54.8

59.8

86.0

1,251.6

Earnings from discontinued operations, net of income taxes

(12.9)

70.2

139.8

(36.0)

Net earnings

$

41.9

$

130.0

$

225.8

$

1,215.6

Earnings per common share - basic:

Continuing operations

$

0.11

$

0.13

$

0.20

$

3.65

Discontinued operations

(0.04)

0.20

0.42

(0.11)

Total earnings per common share - basic

$

0.07

$

0.33

$

0.62

$

3.55

Earnings per common share - diluted:

Continuing operations

$

0.11

$

0.13

$

0.20

$

3.47

Discontinued operations

(0.04)

0.20

0.41

(0.10)

Total earnings per common share - diluted

$

0.07

$

0.33

$

0.61

$

3.37

The sum of net earnings per share amount may not add due to rounding.

(a) Sales in the third quarter of 2021 include an increase of $1.5 million, as a result of our adoption of ASU 2021-08 and the retrospective application to the ServiceChannel acquisition. Refer to Note 2 for details.