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Unaudited Quarterly Results (Tables)
12 Months Ended
Sep. 30, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of unaudited quarterly results
Unaudited Quarterly Results (in millions, except per share amounts)

 
Fiscal Year Ended September 30, 2018
 
4th Quarter (a)
 
3rd Quarter (b)
 
2nd Quarter (c)
 
1st Quarter (d)
Net sales
$
2,057.0

 
$
2,175.8

 
$
1,886.4

 
$
1,586.3

Gross income
375.2

 
402.9

 
335.4

 
242.2

Operating income
201.4

 
222.4

 
155.9

 
73.8

Net income
151.3

 
153.4

 
110.8

 
56.4

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
2.08

 
$
2.08

 
$
1.49

 
$
0.75

Diluted
$
2.05

 
$
2.05

 
$
1.47

 
$
0.74

 
 
 
 
 
 
 
 
Common Stock per share dividends
$
0.24

 
$
0.24

 
$
0.24

 
$
0.24


_________________________
(a) 
The fourth quarter of fiscal 2018 was impacted by restructuring-related charges of $2.5 million ($2.1 million after-tax) in the access equipment and commercial segments, a gain of $19.0 million ($15.4 million after-tax) for a litigation settlement in the defense segment, business interruption insurance proceeds of $6.6 million ($4.9 million after-tax) in the commercial segment, a loss on the sale of a small product line of $1.4 million ($1.0 million after-tax) in the commercial segment and a tax benefit related to tax reform in the U.S. of $2.0 million.
(b) 
The third quarter of fiscal 2018 was impacted by restructuring-related charges of $6.6 million ($5.0 million after-tax) in the access equipment segment, debt extinguishment costs of $9.9 million ($7.7 million after-tax) and a tax benefit related to tax reform in the U.S. of $2.2 million.
(c) 
The second quarter of fiscal 2018 was impacted by restructuring-related charges of $7.0 million ($5.8 million after-tax) in the access equipment and commercial segments.
(d) 
The first quarter of fiscal 2018 was impacted by restructuring-related charges of $18.8 million ($14.2 million after-tax) in the access equipment and commercial segments and a tax benefit related to tax reform in the U.S. of $6.5 million.

 
Fiscal Year Ended September 30, 2017
 
4th Quarter (a)
 
3rd Quarter (b)
 
2nd Quarter (c)
 
1st Quarter (d)
Net sales
$
1,963.0

 
$
2,036.9

 
$
1,618.3

 
$
1,211.4

Gross income
326.5

 
386.9

 
261.3

 
199.7

Operating income
134.5

 
211.9

 
80.4

 
36.2

Net income
93.5

 
128.6

 
44.3

 
19.2

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
1.25

 
$
1.72

 
$
0.59

 
$
0.26

Diluted
$
1.23

 
$
1.69

 
$
0.58

 
$
0.26

 
 
 
 
 
 
 
 
Common Stock per share dividends
$
0.21

 
$
0.21

 
$
0.21

 
$
0.21

_________________________
(a) 
The fourth quarter of fiscal 2017 was impacted by restructuring-related charges of $15.8 million ($11.5 million after-tax) in the access equipment segment.
(b)
The third quarter of fiscal 2017 was impacted by restructuring-related charges of $11.1 million ($11.5 million after-tax) in the access equipment segment.
(c)
The second quarter of fiscal 2017 was impacted by restructuring-related charges of $17.6 million ($14.0 million after-tax) in the access equipment segment.
(d) 
The first quarter of fiscal 2017 was impacted by restructuring-related charges of $0.7 million ($0.4 million after-tax) in the access equipment segment.