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Selected Quarterly Data (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information
The following tables present 2014 and 2013 quarterly financial information:
 
2014
In millions, except per-share data
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Full
Year
Net sales
$
1,644.0

$
1,834.1

$
1,758.4

$
1,802.5

$
7,039.0

Gross profit
564.1

646.3

624.7

627.9

2,463.0

Operating income
182.1

226.4

267.4

176.0

851.9

Net income from continuing operations
125.5

159.2

192.5

129.8

607.0

Income (loss) from discontinued operations, net of tax
(1.3
)
2.3

1.6

(9.0
)
(6.4
)
Loss from sale / impairment of discontinued operations, net of tax
(5.6
)
—

(380.1
)
—

(385.7
)
Net income (loss) attributable to Pentair plc
118.6

161.5

(186.0
)
120.8

214.9

Earnings (loss) per ordinary share attributable to Pentair plc (1)
 
 
 
 
 
Basic
 
 
 
 
 
Continuing operations
$
0.64

$
0.82

$
1.01

$
0.71

$
3.19

Discontinued operations
(0.04
)
0.02

(1.99
)
(0.05
)
(2.06
)
Basic earnings (loss) per ordinary share attributable to Pentair plc
$
0.60

$
0.84

$
(0.98
)
$
0.66

$
1.13

Diluted
 
 
 
 
 
Continuing operations
$
0.63

$
0.81

$
1.00

$
0.70

$
3.14

Discontinued operations
(0.04
)
0.01

(1.95
)
(0.05
)
(2.03
)
Diluted earnings (loss) per ordinary share attributable to Pentair plc
$
0.59

$
0.82

$
(0.95
)
$
0.65

$
1.11


 
2013
In millions, except per-share data
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Full
Year
Net sales
$
1,663.7

$
1,791.7

$
1,713.3

$
1,831.0

$
6,999.7

Gross profit
497.5

627.4

614.7

630.5

2,370.1

Operating income
66.4

204.9

230.0

241.3

742.6

Net income from continuing operations before noncontrolling interest
46.8

139.9

166.4

164.4

517.5

Income (loss) from discontinued operations, net of tax
6.5

15.5

7.8

(3.9
)
25.9

Loss from sale / impairment of discontinued operations, net of tax
—

—

—

(0.8
)
(0.8
)
Net income attributable to Pentair plc
51.7

154.1

172.8

158.2

536.8

Net income from continuing operations attributable to Pentair plc
45.2

138.6

165.0

162.9

511.7

Earnings (loss) per ordinary share attributable to Pentair plc (1)
 
 
 
 
 
Basic
 
 
 
 
 
Continuing operations
$
0.22

$
0.69

$
0.83

$
0.82

$
2.54

Discontinued operations
0.03

0.07

0.04

(0.02
)
0.13

Basic earnings per ordinary share attributable to Pentair plc
$
0.25

$
0.76

$
0.87

$
0.80

$
2.67

Diluted
 
 
 
 
 
Continuing operations
$
0.22

$
0.67

$
0.81

$
0.81

$
2.50

Discontinued operations
0.03

0.08

0.04

(0.03
)
0.12

Diluted earnings per ordinary share attributable to Pentair plc
$
0.25

$
0.75

$
0.85

$
0.78

$
2.62

(1)
Amounts may not total to annual earnings because each quarter and year are calculated separately based on basic and diluted weighted-average ordinary shares outstanding during that period.