Unaudited Quarterly Financial Results

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Results

Unaudited Quarterly Results

The following tables present unaudited quarterly financial information (in millions, except per share amounts). In the opinion of the Company’s management, the quarterly information contains all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation thereof. The operating results for any quarter are not necessarily indicative of the results for any future periods.

	Quarter Ended									Year Ended Dec. 31,
2019	Mar. 31,		June 30,		Sept. 30,			Dec. 31,
Revenues	$	923.7	$	972.3	$	1,002.7		$	1,025.2	$	3,923.9
Gross profit	263.9		285.2		291.4			289.5		1,130.0
Income from continuing operations	34.9		43.1		57.5			39.3		174.8
Loss from discontinued operations, net of income taxes	—		—		(0.1		)	—		(0.1		)
Net income	$	34.9	$	43.1	$	57.4		$	39.3	$	174.7
Per share income from continuing operations and net income:
Basic	$	0.66	$	0.82	$	1.09		$	0.75	$	3.31
Diluted earnings per common share:
Diluted	$	0.66	$	0.81	$	1.08		$	0.74	$	3.28

	Quarter Ended											Year Ended Dec. 31,
2018	Mar. 31,			June 30,(1)			Sept. 30,		Dec. 31,
Revenues	$	685.2		$	878.5		$	906.4	$	929.7		$	3,399.8
Gross profit	217.7			263.9			270.1		272.0			1,023.7
Income from continuing operations	29.2			33.7			49.1		46.0			158.0
Income (loss) from discontinued operations, net of income taxes	(0.1		)	(0.1		)	—		(0.1		)	(0.3		)
Net income	$	29.1		$	33.6		$	49.1	$	45.9		$	157.7
Per share income from continuing operations and net income:
Basic	$	0.56		$	0.64		$	0.94	$	0.88		$	3.02
Diluted earnings per common share:
Diluted	$	0.55		$	0.63		$	0.93	$	0.86		$	2.98

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(1)

ECS was acquired on April 2, 2018, see Note 4 – Acquisitions.