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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Quarterly Financial Data (Unaudited)
 
 
 
The table below sets forth summarized quarterly financial data for the years ended December 31, 2017 and 2016 (in millions, except per share amounts):
 
Reported First Quarter

Reported Second Quarter

Reported Third Quarter

Fourth Quarter

2017
 

 

 

 

Net sales
$
852.3

$
948.3

$
950.5

$
917.7

Cost of goods sold
$
590.5

$
653.6

$
643.6

$
629.2

Gross profit
$
261.8

$
294.7

$
306.9

$
288.5

Selling & administrative expenses
$
157.7

$
164.1

$
160.5

$
165.8

Net income (1)
$
63.9

$
80.8

$
82.8

$
22.4

Net Income attributable to Hubbell (1)
$
62.8

$
79.1

$
80.8

$
20.4

Earnings per share — Basic
$
1.13

$
1.44

$
1.47

$
0.37

Earnings per share — Diluted
$
1.13

$
1.43

$
1.47

$
0.37

(1) Net income in the fourth quarter of 2017 includes approximately $57 million, or $1.02 per share, impact associated with the TCJA.

 
Reported First Quarter

Reported Second Quarter

Reported Third Quarter

Fourth Quarter

2016
 

 

 

 

Net sales
$
834.8

$
908.8

$
907.4

$
854.2

Cost of goods sold
$
574.9

$
615.3

$
618.7

$
595.6

Gross profit
$
259.9

$
293.5

$
288.7

$
258.6

Selling & administrative expenses
$
158.0

$
161.4

$
152.7

$
150.8

Net income
$
62.0

$
82.0

$
88.1

$
65.7

Net Income attributable to Hubbell
$
60.9

$
81.0

$
86.7

$
64.4

Earnings per share — Basic
$
1.08

$
1.46

$
1.56

$
1.16

Earnings per share — Diluted
$
1.08

$
1.45

$
1.56

$
1.16