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Unaudited Quarterly Results (Tables)
 12 Months Ended
Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Unaudited Quarterly Results

 

 

Year Ended December 31, 2022

 

 

 

4th Quarter (a)

 

 

3rd Quarter (b)

 

 

2nd Quarter

 

 

1st Quarter (c)

 

Net sales

 

$

2,203.6

 

 

$

2,066.7

 

 

$

2,066.0

 

 

$

1,945.7

 

Gross income

 

 

315.0

 

 

 

288.6

 

 

 

247.0

 

 

 

203.8

 

Operating income

 

 

147.0

 

 

 

117.2

 

 

 

76.3

 

 

 

31.8

 

Net income

 

 

75.1

 

 

 

66.9

 

 

 

32.1

 

 

 

(0.2

)

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.15

 

 

$

1.02

 

 

$

0.49

 

 

$

—

 

Diluted

 

$

1.14

 

 

$

1.02

 

 

$

0.49

 

 

$

—

 

Common stock dividends per share

 

$

0.37

 

 

$

0.37

 

 

$

0.37

 

 

$

0.37

 

 

(a)
The fourth quarter of fiscal 2022 was impacted by a $5.6 million ($4.3 million after-tax) intangible asset impairment charge in the Defense segment and a $33.6 million ($25.7 million after-tax) pension settlement charge.
(b)
The third quarter of fiscal 2022 was impacted by expense of $4.6 million to eliminate cumulative translation adjustments upon liquidation of foreign entities in the Access Equipment segment and a $2.1 million intangible asset impairment charge in the Commercial segment.
(c)
The first quarter of fiscal 2022 was impacted by tax expense of $18.1 million for anti-hybrid tax on prior period income.

 

 

 

 

Year Ended September 30, 2021

 

 

 

4th Quarter (a)

 

 

3rd Quarter (b)

 

 

2nd Quarter (c)

 

 

1st Quarter (d)

 

Net sales

 

$

2,063.0

 

 

$

2,208.8

 

 

$

1,889.0

 

 

$

1,576.5

 

Gross income

 

 

308.7

 

 

 

394.1

 

 

 

319.6

 

 

 

245.8

 

Operating income

 

 

134.4

 

 

 

213.3

 

 

 

145.3

 

 

 

99.1

 

Net income

 

 

112.9

 

 

 

221.0

 

 

 

103.0

 

 

 

72.0

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.65

 

 

$

3.21

 

 

$

1.50

 

 

$

1.06

 

Diluted

 

$

1.63

 

 

$

3.18

 

 

$

1.49

 

 

$

1.05

 

Common stock dividends per share

 

$

0.33

 

 

$

0.33

 

 

$

0.33

 

 

$

0.33

 

 

(a)
The fourth quarter of the year ended September 30, 2021 was impacted by a tax benefit of $11.7 million for the revaluation of deferred tax liabilities and a tax benefit of $5.4 million for net operating loss carrybacks.
(b)
The third quarter of the year ended September 30, 2021 was impacted a tax benefit of $69.9 million for net operating loss carrybacks and $1.3 million ($1.4 million after-tax) of restructuring-related costs in the Access Equipment segment.
(c)
The second quarter of the year ended September 30, 2021 was impacted by $2.2 million ($2.5 million after-tax) of restructuring-related costs in the Access Equipment segment.
(d)
The first quarter of the year ended September 30, 2021 was impacted by $8.0 million ($7.8 million after-tax) of restructuring-related costs in the Access Equipment segment.