Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Performance Coatings | | 3,096.3 | 2,516.4 | 2,923.4 | 3,033.1 | 2,683.3 | | 2,381.8 |
| Transportation Coatings | | | | | 1,662.9 | 1,693.7 | | 1,702.1 |
| Other | | 1,319.9 | 1,221.2 | 1,558.8 | | | | 26.1 |
| Total revenues [+] | 4,884.4 | 4,416.2 | 3,737.6 | 4,482.2 | 4,696.0 | 4,377.0 | 4,092.7 | 4,110.0 |
| Products | 4,884.4 | 4,416.2 | 3,737.6 | 4,482.2 | 4,696.0 | 4,377.0 | 4,068.8 | 4,083.9 |
| Other | | | | | | | | 26.1 |
| Revenue growth [+] | 10.6% | 18.2% | -16.6% | -4.6% | 7.3% | 6.9% | -0.4% | -6.4% |
| Performance Coatings | | 23.0% | -13.9% | -3.6% | 13.0% | | | -7.9% |
| Transportation Coatings | | | | | -1.8% | | | -4.2% |
| Cost of goods sold | 3,465.6 | 2,987.3 | 2,457.9 | 2,917.9 | 3,106.3 | 2,780.5 | 2,528.8 | 2,597.3 |
| Gross profit | 1,418.8 | 1,428.9 | 1,279.7 | 1,564.3 | 1,589.7 | 1,596.5 | 1,563.9 | 1,512.7 |
| Gross margin | 29.0% | 32.4% | 34.2% | 34.9% | 33.9% | 36.5% | 38.2% | 36.8% |
| Selling, general and administrative | 772.4 | 738.7 | 695.0 | 822.1 | 876.4 | 934.7 | 959.8 | 914.8 |
| Research and development | 66.4 | 62.4 | 55.2 | 70.2 | 73.1 | 65.3 | 57.7 | 51.6 |
| Other operating expenses | 31.5 | 43.5 | 110.8 | 70.7 | 82.7 | 131.6 | 57.9 | |
| Adjusted EBITDA | 748.5 | 794.3 | 640.9 | 856.9 | 848.5 | 749.7 | 768.3 | 803.5 |
| Adjusted EBITDA margin | 15.3% | 18.0% | 17.1% | 19.1% | 18.1% | 17.1% | 18.8% | 19.5% |
| Stock-based compensation | 22.2 | 14.9 | 15.1 | 15.7 | 37.3 | 38.5 | 41.1 | 30.2 |
| EBITDA [+] | 726.3 | 779.4 | 625.8 | 841.2 | 811.2 | 711.2 | 727.2 | 773.3 |
| EBITDA growth | -6.8% | 24.5% | -25.6% | 3.7% | 14.1% | -2.2% | -6.0% | 14.0% |
| EBITDA margin | 14.9% | 17.6% | 16.7% | 18.8% | 17.3% | 16.2% | 17.8% | 18.8% |
| Depreciation | 177.8 | 195.1 | 207.1 | 239.9 | 253.7 | 246.3 | 238.7 | 227.0 |
| EBITA | 548.5 | 584.3 | 418.7 | 601.3 | 557.5 | 464.9 | 488.5 | 546.3 |
| EBITA margin | 11.2% | 13.2% | 11.2% | 13.4% | 11.9% | 10.6% | 11.9% | 13.3% |
| Amortization of intangibles | 125.3 | 121.4 | 113.2 | 113.1 | 115.4 | 101.2 | 83.4 | 80.7 |
| EBIT [+] | 423.2 | 462.9 | 305.5 | 488.2 | 442.1 | 363.7 | 405.1 | 465.6 |
| EBIT growth | -8.6% | 51.5% | -37.4% | 10.4% | 21.6% | -10.2% | -13.0% | 26.0% |
| EBIT margin | 8.7% | 10.5% | 8.2% | 10.9% | 9.4% | 8.3% | 9.9% | 11.3% |
| Non-recurring items [+] | | 0.5 | | | | | | |
| Unusual expense | | 0.5 | | | | | | |
| Interest expense | 139.8 | 134.2 | 149.9 | 162.6 | 159.6 | 147.0 | 178.2 | 196.5 |
| Interest expense | 139.8 | 134.2 | 149.9 | 162.6 | 159.6 | 147.0 | 178.2 | 196.5 |
| Other income (expense), net | -26.1 | 12.3 | -33.4 | 4.4 | -15.0 | -27.1 | -144.2 | -111.2 |
| Pre-tax income | 257.3 | 340.5 | 122.2 | 330.0 | 267.5 | 189.6 | 82.7 | 157.9 |
| Income taxes | 65.1 | 76.1 | 0.2 | 77.4 | 54.2 | 141.9 | 38.1 | 62.1 |
| Tax rate | 25.3% | 22.3% | 0.2% | 23.5% | 20.3% | 74.8% | 46.1% | 39.3% |
| Minority interest | 191.6 | 0.5 | 0.4 | 3.6 | 6.2 | 11.0 | 5.8 | 4.2 |
| Net income | 192.2 | 263.9 | 121.6 | 249.0 | 207.1 | 36.7 | 38.8 | 91.6 |
| Net margin | 3.9% | 6.0% | 3.3% | 5.6% | 4.4% | 0.8% | 0.9% | 2.2% |
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| Basic EPS [+] | $0.87 | $1.14 | $0.52 | $1.06 | $0.87 | $0.15 | $0.16 | $0.39 |
| Growth | -24.1% | 121.0% | -51.4% | 22.9% | 467.6% | -6.3% | -58.4% | 227.9% |
| Diluted EPS [+] | $0.86 | $1.14 | $0.52 | $1.06 | $0.85 | $0.15 | $0.16 | $0.38 |
| Growth | -24.0% | 120.9% | -51.2% | 23.9% | 471.7% | -6.1% | -58.5% | 221.2% |
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| Shares outstanding (basic) [+] | 221.7 | 231.0 | 235.2 | 233.9 | 239.0 | 240.4 | 238.1 | 233.8 |
| Growth | -4.0% | -1.8% | 0.6% | -2.1% | -0.6% | 1.0% | 1.8% | 2.0% |
| Shares outstanding (diluted) [+] | 222.3 | 231.9 | 236.0 | 235.8 | 242.9 | 246.1 | 244.4 | 239.7 |
| Growth | -4.1% | -1.7% | 0.1% | -2.9% | -1.3% | 0.7% | 2.0% | 4.1% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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