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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 771.4 $ 657.4 $ 2,225.8 $ 2,015.0
Cost of products sold 554.4 487.7 1,626.5 1,477.7
Gross Profit 217.0 169.7 599.3 537.3
Selling, general and administrative expenses 134.0 107.2 377.4 331.3
Impairment and restructuring charges 1.3 5.3 3.8 18.7
Pension Settlement Charges 0.0 0.1 0.0 1.3
Operating Income (Loss) 81.7 57.1 218.1 186.0
Interest expense (10.1) (8.0) (26.5) (25.1)
Investment Income, Interest 0.7 0.4 2.0 1.1
Continued Dumping & Subsidy Offset Act (CDSOA) receipts, net of expense 0.0 (0.2) 0.0 53.6
Other (expense) income, net 2.9 (0.1) 9.1 (1.8)
Income (Loss) Before Income Taxes 75.2 49.2 202.7 213.8
Provision (benefit) for income taxes 21.1 15.2 28.5 65.8
Net Income 54.1 34.0 174.2 148.0
Net (loss) income attributable to noncontrolling interest 0.6 0.4 0.0 0.3
Net Income (loss) attributable to The Timken Company $ 53.5 $ 33.6 $ 174.2 $ 147.7
Net Income per Common Share attributable to The Timken Company Common Shareholders        
Basic earnings per share $ 0.69 $ 0.43 $ 2.24 $ 1.87
Diluted earnings per share 0.68 0.43 2.21 1.86
Common Stock, Dividends, Per Share, Declared $ 0.27 $ 0.26 $ 0.80 $ 0.78