QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table presents selected unaudited quarterly financial information for the years ended December 31:



	First Quarter					Second Quarter						Third Quarter						Fourth Quarter
	2017			2016		2017			2016			2017			2016			2017			2016
Net sales	$	1,102.8		$	509.6	$	1,133.9		$	580.0		$	1,122.7		$	983.3		$	1,249.9		$	1,243.4
Gross profit	242.5			138.8		237.8			155.1			241.0			197.6			288.4			230.2
Income (loss) from continuing operations, net of tax	(52.2		)	20.7		(23.6		)	(20.8		)	(28.8		)	(97.2		)	(100.9		)	(73.4		)
Income from discontinued operations, net of tax	—			147.8		—			0.5			—			(4.6		)	—			—
Net income (loss)	(52.2		)	168.5		(23.6		)	(20.3		)	(28.8		)	(101.8		)	(100.9		)	(73.4		)
Net income (loss) attributable to noncontrolling interests	6.6			0.3		7.0			0.8			6.6			0.5			7.4			4.4
Net income (loss) attributable to Diebold Nixdorf, Incorporated	$	(58.8	)	$	168.2	$	(30.6	)	$	(21.1	)	$	(35.4	)	$	(102.3	)	$	(108.3	)	$	(77.8	)

Basic earnings (loss) per share
Income (loss) from continuing operations, net of tax	$	(0.78	)	$	0.31	$	(0.41	)	$	(0.33	)	$	(0.47	)	$	(1.38	)	$	(1.43	)	$	(1.04	)
Income from discontinued operations, net of tax	—			2.27		—			0.01			—			(0.06		)	—			—
Net income (loss) attributable to Diebold Nixdorf, Incorporated (basic)	$	(0.78	)	$	2.58	$	(0.41	)	$	(0.32	)	$	(0.47	)	$	(1.44	)	$	(1.43	)	$	(1.04	)

Diluted earnings (loss) per share
Income (loss) from continuing operations, net of tax	$	(0.78	)	$	0.31	$	(0.41	)	$	(0.33	)	$	(0.47	)	$	(1.38	)	$	(1.43	)	$	(1.04	)
Income from discontinued operations, net of tax	—			2.25		—			0.01			—			(0.06		)	—			—
Net income (loss) attributable to Diebold Nixdorf, Incorporated (diluted)	$	(0.78	)	$	2.56	$	(0.41	)	$	(0.32	)	$	(0.47	)	$	(1.44	)	$	(1.43	)	$	(1.04	)

Basic weighted-average shares outstanding	75.3			65.1		75.5			65.2			75.5			70.9			75.5			75.1
Diluted weighted-average shares outstanding	75.3			65.7		75.5			65.2			75.5			70.9			75.5			75.1

During 2017, the Company incurred costs related to integration and restructuring, along with a full year of consolidated results from the Acquisition. The full year incremental results related to the Acquisition resulted in higher net sales and gross profit throughout the year. In addition to these items, income (loss) from continuing operations, net of tax included incremental interest expense related to higher average outstanding balances throughout the year offset by improve pricing, along with the impact of $81.7 from the Tax Act. This was offset by the cost reductions and synergies related to DN2020.

On February 1, 2016, the Company divested of its NA ES business resulting in a pre-tax gain of $239.5 during the first quarter. Income (loss) from continuing operations, net of tax during the second half of 2016 was impacted by increased interest expense and deal-related costs in connection with the Acquisition of $97.2.