Financial Summary (All financials)
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 |
Revenues | 1,754.9 | 2,130.3 | 1,889.6 | 1,960.9 | 1,800.8 | 1,774.1 | 1,552.0 | 1,506.8 |
Revenue growth | -17.6% | 12.7% | -3.6% | 8.9% | 1.5% | 14.3% | 3.0% | -2.1% |
Cost of goods sold | 1,909.6 | 2,081.8 | 1,936.0 | 1,945.3 | 1,739.8 | 1,734.2 | 1,358.3 | 1,293.3 |
Gross profit | -154.7 | 48.5 | -46.4 | 15.6 | 61.0 | 39.9 | 193.7 | 213.5 |
Gross margin | -8.8% | 2.3% | -2.5% | 0.8% | 3.4% | 2.2% | 12.5% | 14.2% |
Selling, general and administrative | 28.5 | 43.2 | 0.0 | 15.6 | 0.0 | 0.0 | 36.3 | 36.0 |
EBITA | -81.4 | 115.4 | 18.1 | 79.2 | 100.1 | 79.8 | 238.8 | 221.7 |
EBITA margin | -4.6% | 5.4% | 1.0% | 4.0% | 5.6% | 4.5% | 15.4% | 14.7% |
Amortization of intangibles | | | 1.1 | 1.7 | 3.3 | 5.9 | 5.5 | 7.5 |
EBIT | -81.4 | 115.4 | 17.0 | 77.5 | 96.8 | 73.9 | 233.3 | 214.2 |
EBIT margin | -4.6% | 5.4% | 0.9% | 4.0% | 5.4% | 4.2% | 15.0% | 14.2% |
Pre-tax income | -183.2 | 5.3 | -46.4 | 0.0 | 61.0 | 39.9 | 181.9 | 177.5 |
Income taxes | -8.0 | -1.4 | 7.7 | 14.1 | 4.0 | -10.4 | 35.2 | 14.3 |
Tax rate | 4.4% | | | | 6.6% | | 19.4% | 8.1% |
Net income | -185.7 | -3.8 | -58.7 | -14.1 | 57.0 | 50.3 | 146.7 | 163.2 |
Net margin | -10.6% | -0.2% | -3.1% | -0.7% | 3.2% | 2.8% | 9.5% | 10.8% |
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Diluted EPS | ($5.31) | ($0.11) | ($1.70) | ($0.41) | $1.64 | $1.42 | $4.14 | $5.20 |
Shares outstanding (diluted) | 35.0 | 34.8 | 34.6 | 34.2 | 34.7 | 35.4 | 35.5 | 31.4 |
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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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