...A. Results: GAAP EPS, $1.12. 1. 2. Base earnings, $0.91 per share. Just above midpoint of guidance of $0.87-0.93 per share. a. b. $0.05 higher than base EPS in 3Q20. 3. Experienced strong volume growth in many of businesses. 4. Operational results continue to be impacted by significant cost inflation and supply chain challenges. 5. In terms of $0.21 difference between base and GAAP EPS, largest item was $0.30 per share benefit from use of additional foreign tax credits on Co.'s recently-amended 2017 US income tax return. 6. Recognized $0.03 per share in GAAP earnings related to net restructuring and asset impairment expenses. 7. There was a $0.06 impact from a variety of adjustments, including approx. $11m in discrete income tax expense items, partially offset by $5m of after-tax net gains running through operating profit. B. Base Income Statement: Base sales, $1.415b. 1. Up $103m or almost 8% from 3Q20. a. 2. Gross profit, $258m, a $1m increase vs. 3Q20. Resulted in gross profit as a percent...
