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In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Industrial | 896.5 | 770.1 | 938.5 | 994.7 | 973.9 | 824.2 | 782.3 | 822.1 |
Aerospace | 362.4 | 354.3 | 552.6 | 501.2 | 462.6 | 406.5 | 411.7 | 440.0 |
Total revenues | 1,258.8 | 1,124.4 | 1,491.1 | 1,495.9 | 1,436.5 | 1,230.8 | 1,194.0 | 1,262.0 |
Revenue growth [+] | 12.0% | -24.6% | -0.3% | 4.1% | 16.7% | 3.1% | -5.4% | 15.6% |
Industrial | 16.4% | -17.9% | -5.7% | 2.1% | 18.2% | 5.4% | -4.8% | 19.6% |
Aerospace | 2.3% | -35.9% | 10.3% | 8.3% | 13.8% | -1.3% | -6.4% | 8.9% |
Cost of goods sold | 803.9 | 721.2 | 944.2 | 963.5 | 943.8 | 788.7 | 782.8 | 829.6 |
Gross profit | 455.0 | 403.2 | 547.0 | 532.4 | 492.7 | 442.0 | 411.2 | 432.4 |
Gross margin | 36.1% | 35.9% | 36.7% | 35.6% | 34.3% | 35.9% | 34.4% | 34.3% |
Selling, general and administrative | 305.0 | 279.8 | 310.5 | 300.6 | 286.3 | 247.7 | 242.8 | 252.4 |
Other operating expenses | | | | | | | 0.0 | 0.0 |
EBITDA [+] | 241.1 | 211.0 | 335.5 | 326.0 | 296.6 | 274.5 | 246.6 | 261.4 |
EBITDA growth | 14.3% | -37.1% | 2.9% | 9.9% | 8.1% | 11.3% | -5.6% | 38.8% |
EBITDA margin | 19.2% | 18.8% | 22.5% | 21.8% | 20.6% | 22.3% | 20.7% | 20.7% |
Depreciation | 47.6 | 46.6 | 47.6 | 49.0 | 48.9 | 43.4 | 39.7 | 44.3 |
EBITA | 193.5 | 164.4 | 288.0 | 277.0 | 247.7 | 231.0 | 206.9 | 217.1 |
EBITA margin | 15.4% | 14.6% | 19.3% | 18.5% | 17.2% | 18.8% | 17.3% | 17.2% |
Amortization of intangibles | 43.5 | 41.1 | 51.5 | 45.2 | 41.2 | 36.8 | 38.5 | 37.1 |
EBIT [+] | 150.0 | 123.4 | 236.4 | 231.8 | 206.5 | 194.3 | 168.4 | 180.0 |
EBIT growth | 21.6% | -47.8% | 2.0% | 12.3% | 6.3% | 15.4% | -6.4% | 46.1% |
EBIT margin | 11.9% | 11.0% | 15.9% | 15.5% | 14.4% | 15.8% | 14.1% | 14.3% |
Interest expense | 16.2 | 15.9 | 20.6 | 16.8 | 14.6 | 11.9 | 10.7 | 11.4 |
Interest expense | 16.2 | 15.9 | 20.6 | 16.8 | 14.6 | 11.9 | 10.7 | 11.4 |
Other income (expense), net [+] | -6.0 | -5.9 | -9.0 | -7.4 | 3.8 | 0.2 | 0.2 | -2.1 |
Other | -6.0 | -5.9 | -9.0 | -7.4 | 3.8 | 0.2 | 0.2 | -2.1 |
Pre-tax income | 127.8 | 101.5 | 206.8 | 207.5 | 195.7 | 182.6 | 157.9 | 166.5 |
Income taxes | 27.9 | 38.1 | 48.5 | 41.3 | 136.3 | 47.0 | 36.6 | 46.0 |
Tax rate | 21.9% | 37.6% | 23.4% | 19.9% | 69.6% | 25.7% | 23.2% | 27.6% |
Net income | 99.9 | 63.4 | 158.4 | 166.2 | 59.4 | 135.6 | 121.4 | 118.4 |
Net margin | 7.9% | 5.6% | 10.6% | 11.1% | 4.1% | 11.0% | 10.2% | 9.4% |
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Basic EPS [+] | $1.96 | $1.25 | $3.09 | $3.18 | $1.10 | $2.50 | $2.21 | $2.20 |
Growth | 57.4% | -59.7% | -2.7% | 189.2% | -56.1% | 13.4% | 0.3% | 63.8% |
Diluted EPS [+] | $1.96 | $1.24 | $3.07 | $3.15 | $1.09 | $2.48 | $2.19 | $2.16 |
Growth | 57.6% | -59.6% | -2.5% | 189.1% | -56.2% | 13.5% | 1.1% | 64.4% |
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Dividends per share [+] | $0.64 | $0.64 | $0.64 | $0.62 | $0.55 | $0.51 | $0.48 | $0.45 |
Growth | 0.0% | 0.0% | 3.2% | 12.7% | 7.8% | 6.3% | 6.7% | 7.1% |
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Shares outstanding (basic) [+] | 50.9 | 50.9 | 51.2 | 52.3 | 54.1 | 54.2 | 55.0 | 54.8 |
Growth | 0.1% | -0.6% | -2.1% | -3.3% | -0.2% | -1.5% | 0.4% | 1.7% |
Shares outstanding (diluted) [+] | 51.1 | 51.1 | 51.6 | 52.8 | 54.6 | 54.6 | 55.5 | 55.7 |
Growth | 0.0% | -1.0% | -2.3% | -3.2% | 0.0% | -1.6% | -0.4% | 1.4% |
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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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