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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Data
The table below sets forth summarized quarterly consolidated financial data for the years ended December 31, 2019 and 2018 (in millions, except per share amounts):
 
Reported First Quarter

Reported Second Quarter

Reported Third Quarter

Fourth Quarter

2019
 

 

 

 

Net sales
$
1,087.3

$
1,196.4

$
1,204.0

$
1,103.3

Cost of goods sold
$
780.0

$
839.0

$
842.0

$
777.3

Gross profit
$
307.3

$
357.4

$
362.0

$
326.0

Selling & administrative expenses
$
186.4

$
190.5

$
189.1

$
190.1

Net income
$
73.8

$
97.9

$
132.6

$
103.1

Net Income attributable to Hubbell
$
72.3

$
96.0

$
130.7

$
101.9

Earnings per share — Basic
$
1.32

$
1.76

$
2.40

$
1.87

Earnings per share — Diluted
$
1.32

$
1.75

$
2.38

$
1.85

 
 
Reported First Quarter

Reported Second Quarter

Reported Third Quarter

Fourth Quarter

2018
 

 

 

 

Net sales
$
991.2

$
1,166.7

$
1,179.7

$
1,144.1

Cost of goods sold
$
708.3

$
818.8

$
830.7

$
823.5

Gross profit
$
282.9

$
347.9

$
349.0

$
320.6

Selling & administrative expenses
$
183.3

$
191.0

$
185.2

$
184.0

Net income
$
59.8

$
102.4

$
114.7

$
89.2

Net Income attributable to Hubbell
$
58.3

$
100.3

$
113.6

$
88.0

Earnings per share — Basic
$
1.06

$
1.83

$
2.07

$
1.61

Earnings per share — Diluted
$
1.05

$
1.82

$
2.06

$
1.60