Graco 2014 Annual Report Download - page 21
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Please find page 21 of the 2014 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.Newell Rubbermaid 21 2014 Annual Report
NORMALIZED GROSS MARGIN
Years Ended December 31, 2014 and 2013
($ amounts in millions)
2014 2013
Netsales
Grossmarginasreported
Productrecallcosts —
Restructuring-relatedcosts
Venezuelainventorycharges —
Normalizedgrossmargin
Normalizegrossmargin(ofsales)
Change-basispoints
NORMALIZED OPERATING MARGIN
Years Ended December 31, 2014, 2013 and 2012
($ amounts in millions)
2014 2013 2012
Ne
tsales
Operatingincomeasreported
Restructuringcosts
Restructuring-relatedcosts
Productrecallcosts — —
Venezuelainventorycharges — —
Advisorycosts — —
Acquisition&integrationcosts — —
Pensionsettlementcharge — —
Normalizedoperatingincome
Normalizedoperatingmargin
Chan
ge-basis points 40
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
HIGHLIGHTS