Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 165.6 $ 208.9 $ 485.0 $ 574.4
Cost of goods sold 153.8 163.7 414.9 456.2
Gross profit 11.8 45.2 70.1 118.2
Selling, general and administrative expenses 40.0 40.8 110.2 119.0
Operating (loss) earnings (28.2) 4.4 (40.1) (0.8)
Interest expense 0.8 0.9 2.7 2.9
Other expense, net 0.7 0.9 1.2 2.2
(Loss) earnings from continuing operations before income taxes (29.7) 2.6 (44.0) (5.9)
Income tax (benefit) 0.0 (0.7) (3.0) (1.7)
Net (loss) earnings from continuing operations (29.7) 3.3 (41.0) (4.2)
Net earnings from discontinued operations 0.0 4.6 0.0 12.2
Gain on disposal of discontinued operation, net of tax (1.7) 0.0 7.6 0.0
Net earnings from discontinued operations (1.7) 4.6 7.6 12.2
Total (income) expense, net of tax $ (31.4) $ 7.9 $ (33.4) $ 8.0
Basic (loss) earnings per share of common stock:        
Basic earnings (loss) per share of common stock from continuing operations (in dollars per share) $ (1.36) $ 0.13 $ (1.65) $ (0.16)
Basic earnings per share of common stock from discontinued operations (in dollars per share) (0.08) 0.18 0.31 0.47
Earnings (loss) Per Share, Basic (1.44) 0.31 (1.34) 0.31
Diluted (loss) earnings per share of common stock:        
Diluted earnings (loss) per share of common stock from continuing operations (in dollars per share) (1.36) 0.13 (1.65) (0.16)
Diluted earnings per share of common stock from discontinued operations (in dollars per share) (0.08) 0.17 0.31 0.47
Earnings (loss) Per Share, Diluted $ (1.44) $ 0.30 $ (1.34) $ 0.31