Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 272.0 | 281.6 | 282.3 | 431.0 | 399.2 | 420.2 | 489.9 | 78.0 |
Revenue growth | -3.4% | -0.2% | -34.5% | 8.0% | -5.0% | -14.2% | 528.1% | 14.5% |
Cost of goods sold | 440.2 | 427.6 | 483.6 | 614.4 | 736.4 | 648.3 | 764.8 | 324.3 |
Gross profit | -168.2 | -146.0 | -201.3 | -183.4 | -337.2 | -228.1 | -274.9 | -246.3 |
Gross margin | -61.8% | -51.8% | -71.3% | -42.6% | -84.5% | -54.3% | -56.1% | -315.8% |
Selling, general and administrative | | | | | | | | |
Research and development | | | | | | | 3.7 | 7.2 |
General and administrative | 24.8 | 23.9 | 23.9 | 23.6 | 22.6 | 29.4 | 37.9 | 35.2 |
EBIT | 75.3 | 20.3 | 14.5 | -29.3 | -153.0 | -277.0 | -475.6 | -63.4 |
EBIT margin | 27.7% | 7.2% | 5.1% | -6.8% | -38.3% | -65.9% | -97.1% | -81.3% |
Pre-tax income | 49.3 | -34.0 | 37.4 | -151.1 | -128.5 | -114.5 | -184.6 | -56.4 |
Income taxes | -24.2 | 9.8 | 0.2 | -58.1 | -14.6 | -30.4 | -31.4 | -32.8 |
Tax rate | | | 0.5% | 38.5% | 11.4% | 26.6% | 17.0% | 58.2% |
Earnings from continuing ops | 74.2 | -42.6 | 36.8 | -98.6 | -122.4 | -81.9 | -148.4 | -32.8 |
Earnings from discontinued ops | | | | | | 19.5 | -29.0 | -0.2 |
Net income | 74.2 | -42.6 | 36.8 | -98.6 | -122.4 | -62.4 | -177.4 | -33.0 |
Net margin | 27.3% | -15.1% | 13.0% | -22.9% | -30.7% | -14.9% | -36.2% | -42.3% |
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Diluted EPS | $0.59 | ($0.39) | $0.26 | ($0.86) | ($1.02) | ($0.67) | ($1.23) | ($0.27) |
Shares outstanding (diluted) | 124.9 | 109.3 | 141.8 | 115.1 | 119.5 | 121.9 | 120.7 | 119.9 |
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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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