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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 750.6 $ 673.6 $ 1,454.4 $ 1,357.6
Cost of products sold 548.8 489.1 1,072.1 990.0
Gross Profit 201.8 184.5 382.3 367.6
Selling, general and administrative expenses 123.8 108.0 243.4 224.1
Impairment and restructuring charges 0.8 2.9 2.5 13.4
Pension Settlement Charges 0.0 0.0 0.0 1.2
Operating Income (Loss) 77.2 73.6 136.4 128.9
Interest expense (8.5) (8.7) (16.4) (17.1)
Investment Income, Interest 0.7 0.4 1.3 0.7
Continued Dumping & Subsidy Offset Act (CDSOA) receipts, net of expense 0.0 6.1 0.0 53.8
Other (expense) income, net 4.5 (1.7) 6.2 (1.7)
Income (Loss) Before Income Taxes 73.9 69.7 127.5 164.6
Provision (benefit) for income taxes (8.1) 21.5 7.4 50.6
Net Income 82.0 48.2 120.1 114.0
Net (loss) income attributable to noncontrolling interest (0.5) 0.0 (0.6) (0.1)
Net Income (loss) attributable to The Timken Company 82.5 48.2 120.7 114.1
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $ 82.5 $ 48.2 $ 120.7 $ 114.1
Net Income per Common Share attributable to The Timken Company Common Shareholders        
Basic earnings per share $ 1.06 $ 0.61 $ 1.55 $ 1.44
Diluted earnings per share 1.04 0.61 1.53 1.43
Common Stock, Dividends, Per Share, Declared $ 0.27 $ 0.26 $ 0.53 $ 0.52