Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.10.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 459.4 $ 374.8 $ 931.2 $ 794.3
Cost of sales (401.5) (330.6) (824.3) (699.5)
Gross profit 57.9 44.2 106.9 94.8
Selling, general and administrative expenses (23.1) (19.3) (46.5) (42.2)
Operating income 34.8 24.9 60.4 52.6
Interest expense (4.3) (4.8) (8.6) (9.5)
Gain (Loss) on Extinguishment of Debt (0.5) 0.0 (0.5) 0.0
Other (expense) income, net (0.9) 4.5 (1.0) 4.2
Income before provision for income taxes 29.1 24.6 50.3 47.3
Provision for income taxes (8.0) (8.8) (13.3) (13.8)
Net income 21.1 15.8 37.0 33.5
Net income attributable to noncontrolling interest (0.1) (0.1) (0.2) (0.3)
Net income attributable to Global Brass and Copper Holdings, Inc. $ 21.0 $ 15.7 $ 36.8 $ 33.2
Net income attributable to Global Brass and Copper Holdings, Inc. per common share:        
Basic (in usd per share) $ 0.95 $ 0.72 $ 1.68 $ 1.54
Diluted (in usd per share) $ 0.94 $ 0.71 $ 1.66 $ 1.50
Weighted average common shares outstanding:        
Basic (in shares) 22.0 21.8 21.9 21.6
Diluted (in shares) 22.3 22.1 22.2 22.1
Dividends declared per common share (in usd per share) $ 0.06 $ 0.0375 $ 0.12 $ 0.075