Black & Decker 2010 Annual Report Download - page 139

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SELECTED QUARTERLY FINANCIAL DATA (unaudited)
(Millions of Dollars, except per share amounts) First Second Third Fourth Year
Quarter
2010
Net sales ............................... $1,262.0 $2,365.6 $2,369.1 $2,412.9 $8,409.6
Gross profit ............................ 455.9 769.0 854.3 869.6 2,948.8
Selling, general and administrative expenses .... 382.5 584.2 582.6 619.6 2,168.9
Net (loss) earnings from continuing operations . . . (108.5) 46.3 123.1 137.3 198.2
Less: Earnings (loss) from non-controlling
interest .............................. 0.1 0.5 (0.1) (0.5) —
Net (loss) earnings from continuing operations
attributable to Stanley Black & Decker, Inc. . . $(108.6) $45.8 $123.2 $137.8 $198.2
Basic earnings (loss) per common share:
Continuing operations ..................... $(1.11) $0.28 $0.74 $0.83 $1.34
Discontinued operations.................... — — — — —
Total basic earnings (loss) per common share .... $(1.11) $0.28 $0.74 $0.83 $1.34
Diluted earnings (loss) per common share:
Continuing operations ................... $(1.11) $0.28 $0.73 $0.81 $1.32
Discontinued operations .................. — — — — —
Total diluted earnings (loss) per common share . . $(1.11) $0.28 $0.73 $0.81 $1.32
2009
Net sales ............................... $913.0 $919.2 $935.5 $969.4 $3,737.1
Gross profit ............................ 361.1 366.6 386.4 394.2 1,508.3
Selling, general and administrative expenses .... 252.7 255.3 251.4 269.0 1.028.4
Net earnings from continuing operations ....... 39.0 72.0 62.1 55.7 228.8
Less: Earnings (loss) from non-controlling
interest .............................. 0.7 1.2 0.3 (0.2) 2.0
Net earnings from continuing operations
attributable to Stanley Black & Decker, Inc. . . 38.3 70.8 61.8 55.9 226.8
Net earnings (loss) from discontinued
operations ............................ (0.6) (1.3) (1.4) 0.8 (2.5)
Net earnings attributable to Stanley Black &
Decker, Inc. .......................... $37.7 $69.5 $60.4 $56.7 $224.3
Basic earnings (loss) per common share:
Continuing operations ................... $0.48 $0.89 $0.77 $0.69 $2.84
Discontinued operations .................. (0.01) (0.02) (0.02) 0.01 (0.03)
Total basic earnings per common share ........ $0.48 $0.88 $0.75 $0.70 $2.81
Diluted earnings (loss) per common share:
Continuing operations ................... $0.48 $0.89 $0.77 $0.68 $2.82
Discontinued operations .................. (0.01) (0.02) (0.02) 0.01 (0.03)
Total diluted earnings per common share ....... $0.47 $0.87 $0.75 $0.69 $2.79
For 2010, both basic and diluted earnings per share for the full year do not equal the sum of the basic and diluted earnings per share as reported
for the first through fourth quarters. This is primarily due to a significant increase in basic and diluted weighted average shares outstanding from
the issuance of 78.5 million of stock to former Black & Decker shareowners as a result of the Merger.
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