Whole Earth Brands, Inc. (ACTT) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-19
	10-K	10-K	10-K
Revenues:
Europe, Middle East and Africa			105.5
North America	357.2	319.0	104.8
Latin America	15.6	12.6	14.1
Other	165.5	162.4	47.7
Total revenues	538.3	494.0	272.1
Revenue growth [+]	9.0%
North America	12.0%
Latin America	23.7%
Branded CPG	8.6%
Cost of goods sold	398.1	335.2	163.6
Gross profit	140.2	158.8	108.5
Gross margin	26.0%	32.1%	39.9%
Selling, general and administrative	99.7	113.1	65.9
EBITDA [+]	46.5	50.3	45.6
EBITDA growth	-7.7%
EBITDA margin	8.6%	10.2%	16.8%
Depreciation	6.0	4.7	3.0
EBITA	40.5	45.6	42.6
EBITA margin	7.5%	9.2%	15.7%
Amortization of intangibles	18.6	18.3	10.7
EBIT [+]	21.9	27.3	31.9
EBIT growth	-20.0%
EBIT margin	4.1%	5.5%	11.7%
Non-recurring items [+]	46.5	4.5	2.2
Asset impairment	46.5
Interest expense	30.6	24.6	0.5
Interest expense	30.6	24.6	0.5
Other income (expense), net [+]	2.3	-5.3	-0.8
Gain (loss) on debt retirement		-5.5
Change in fair value of warrants	1.2	0.0
Other	1.1	0.2	-0.8
Pre-tax income	-53.0	-7.1	28.3
Income taxes	5.8	-7.1	-2.5
Tax rate		101.2%
Net income	-58.8	0.1	30.8
Net margin	-10.9%	0.0%	11.3%

Basic EPS [+]	($1.42)	$0.00	$3.66
Growth	-65807.8%
Diluted EPS [+]	($1.42)	$0.00	$3.66
Growth	-68147.2%

Shares outstanding (basic) [+]	41.5	38.5	8.4
Growth	7.7%
Shares outstanding (diluted) [+]	41.5	39.9	8.4
Growth	4.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.