Graco 2012 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2012 Graco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 118

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

20
Quarterly Summaries
Summarized quarterly data for the last two years is as follows (in millions, except per share data) (unaudited):
Calendar Year 1st(1) 2nd(1) 3rd 4th Year
2012
Net sales $ 1,332.4 $ 1,516.2 $ 1,535.3 $ 1,518.8 $ 5,902.7
Gross margin $ 510.6 $ 581.2 $ 582.3 $ 555.0 $ 2,229.1
Income from continuing operations $ 79.3 $ 111.8 $ 106.6 $ 101.9 $ 399.6
Income from discontinued operations $ — $ — $ 1.7 $ — $ 1.7
Net income $ 79.3 $ 111.8 $ 108.3 $ 101.9 $ 401.3
Earnings per share:
Basic
Income from continuing operations $ 0.27 $ 0.38 $ 0.37 $ 0.35 $ 1.37
Income from discontinued operations — — 0.01 — 0.01
Net income $ 0.27 $ 0.38 $ 0.37 $ 0.35 $ 1.38
Diluted
Income from continuing operations $ 0.27 $ 0.38 $ 0.36 $ 0.35 $ 1.36
Income from discontinued operations — — 0.01 — 0.01
Net income $ 0.27 $ 0.38 $ 0.37 $ 0.35 $ 1.37
2011(1)
Net sales $ 1,274.2 $ 1,545.3 $ 1,549.9 $ 1,495.2 $ 5,864.6
Gross margin $ 484.9 $ 584.4 $ 579.3 $ 556.6 $ 2,205.2
Income (loss) from continuing operations $ 73.9 $ 145.4 $ (166.4) $ 81.7 $ 134.6
Income (loss) from discontinued operations $ 1.8 $ 1.3 $ (11.2) $ (1.3) $ (9.4)
Net income (loss) $ 75.7 $ 146.7 $ (177.6) $ 80.4 $ 125.2
Earnings per share:
Basic
Income (loss) from continuing operations $ 0.25 $ 0.49 $ (0.57) $ 0.28 $ 0.46
Income (loss) from discontinued operations 0.01 — (0.04) — (0.03)
Net income (loss) $ 0.26 $ 0.50 $ (0.61) $ 0.28 $ 0.43
Diluted
Income (loss) from continuing operations $ 0.25 $ 0.49 $ (0.57) $ 0.28 $ 0.45
Income (loss) from discontinued operations 0.01 — (0.04) — (0.03)
Net income (loss) $ 0.25 $ 0.49 $ (0.61) $ 0.27 $ 0.42
(1) The first and second quarters of 2011 have been adjusted to reclassify the results of operations of the hand torch and solder business to discontinued
operations.