XML 48 R32.htm IDEA: XBRL DOCUMENT v3.20.2
Unaudited Quarterly Results
 12 Months Ended
Sep. 30, 2020
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Results

 


24.    Unaudited Quarterly Results (in millions, except per share amounts)

 

 

 

Fiscal Year Ended September 30, 2020

 

 

 

4th Quarter (a)

 

 

3rd Quarter (b)

 

 

2nd Quarter (c)

 

 

1st Quarter

 

Net sales

 

$

1,784.2

 

 

$

1,580.8

 

 

$

1,796.7

 

 

$

1,695.1

 

Gross income

 

 

280.9

 

 

 

257.5

 

 

 

292.4

 

 

 

289.5

 

Operating income

 

 

127.4

 

 

 

118.6

 

 

 

133.6

 

 

 

109.1

 

Net income

 

 

100.0

 

 

 

80.2

 

 

 

68.6

 

 

 

75.7

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.47

 

 

$

1.18

 

 

$

1.00

 

 

$

1.11

 

Diluted

 

$

1.46

 

 

$

1.17

 

 

$

0.99

 

 

$

1.10

 

Common Stock per share dividends

 

$

0.30

 

 

$

0.30

 

 

$

0.30

 

 

$

0.30

 

(a)

The fourth quarter of fiscal 2020 was impacted by restructuring-related charges of $13.0 million ($9.5 million, net of tax) in the Access Equipment, Fire & Emergency and Commercial segments and Corporate, a gain of $4.2 million ($3.2 million, net of tax) for an arbitration settlement in the Defense segment, business interruption insurance proceeds of $18.5 million ($14.2 million, net of tax) in the Commercial segment and a gain on the sale of a business of $3.1 million ($2.8 million net of tax) in the Commercial segment.

(b)

The third quarter of fiscal 2020 was impacted by restructuring charges of $10.2 million ($8.4 million, net of tax) in the Access Equipment, Fire & Emergency and Commercial segments.

(c)

The second quarter of fiscal 2020 was impacted by debt extinguishment costs of $8.5 million ($6.5 million, net of tax) and a tax charge of $11.4 million related to the establishment of a valuation allowance on net operating losses for an entity in Europe.

 

 

Fiscal Year Ended September 30, 2019

 

 

 

4th Quarter

 

 

3rd Quarter

 

 

2nd Quarter

 

 

1st Quarter (a)

 

Net sales

 

$

2,195.7

 

 

$

2,392.7

 

 

$

1,990.2

 

 

$

1,803.4

 

Gross income

 

 

397.3

 

 

 

433.9

 

 

 

357.9

 

 

 

328.3

 

Operating income

 

 

203.1

 

 

 

257.8

 

 

 

175.6

 

 

 

160.5

 

Net income

 

 

150.0

 

 

 

191.9

 

 

 

128.5

 

 

 

109.0

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.20

 

 

$

2.74

 

 

$

1.84

 

 

$

1.53

 

Diluted

 

$

2.17

 

 

$

2.72

 

 

$

1.82

 

 

$

1.51

 

Common Stock per share dividends

 

$

0.27

 

 

$

0.27

 

 

$

0.27

 

 

$

0.27

 

 

(a)

The first quarter of fiscal 2019 was impacted by tax expense related to tax reform in the U.S. of $7.0 million.