XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
CONSOLIDATED STATEMENTS OF INCOME        
NET SALES $ 503.5 $ 533.5 $ 1,002.1 $ 1,078.5
Cost of sales 408.1 430.9 803.3 866.5
Gross profit 95.4 102.6 198.8 212.0
Selling, general and administrative expenses 47.9 49.9 95.5 97.7
Operating income 47.5 52.7 103.3 114.3
Interest expense (3.7) (4.4) (8.2) (9.6)
Other income, net 0.6 1.3 0.8 3.9
Income before income taxes 44.4 49.6 95.9 108.6
Income tax expense 14.9 16.4 31.8 35.9
Net income 29.5 33.2 64.1 72.7
Less: Net income attributable to noncontrolling interest   (0.2)   (0.5)
NET INCOME ATTRIBUTABLE TO CARPENTER $ 29.5 $ 33.0 $ 64.1 $ 72.2
EARNINGS PER COMMON SHARE:        
Basic (in dollars per share) $ 0.55 $ 0.62 $ 1.20 $ 1.36
Diluted (in dollars per share) $ 0.55 $ 0.62 $ 1.19 $ 1.35
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 53.2 52.9 53.2 52.8
Diluted (in shares) 53.6 53.3 53.6 53.2
Cash dividends per common share (in dollars per share) $ 0.18 $ 0.18 $ 0.36 $ 0.36