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Unaudited Quarterly Results (Tables)
 12 Months Ended
Sep. 30, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Unaudited Quarterly Results

 

 

 

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.