Financial Summary (All financials)
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 |
Revenues | 2,627.5 | 2,402.6 | 2,036.5 | 1,754.6 | 1,598.3 | 1,654.9 | 2,683.7 | 2,054.8 |
Revenue growth | 9.4% | 18.0% | 16.1% | 9.8% | -3.4% | -38.3% | 30.6% | 13.6% |
Cost of goods sold | 2,019.9 | 1,865.2 | 1,620.6 | 1,418.2 | 1,313.5 | 1,341.8 | 1,067.7 | 822.7 |
Gross profit | 607.6 | 537.4 | 415.9 | 336.4 | 284.9 | 313.1 | 1,616.0 | 1,232.1 |
Gross margin | 23.1% | 22.4% | 20.4% | 19.2% | 17.8% | 18.9% | 60.2% | 60.0% |
General and administrative | 151.8 | 129.7 | 110.9 | 90.6 | 74.1 | 193.7 | 64.2 | 56.9 |
EBITA | 261.9 | 225.0 | 133.3 | 89.6 | 59.4 | 85.3 | 96.9 | 74.0 |
EBITA margin | 10.0% | 9.4% | 6.5% | 5.1% | 3.7% | 5.2% | 3.6% | 3.6% |
Amortization of intangibles | 1.4 | 1.8 | 3.7 | 2.7 | 2.9 | 4.6 | 3.8 | 1.1 |
EBIT | 260.5 | 223.2 | 129.7 | 86.9 | 56.5 | 80.6 | 93.1 | 72.9 |
EBIT margin | 9.9% | 9.3% | 6.4% | 5.0% | 3.5% | 4.9% | 3.5% | 3.5% |
Pre-tax income | 258.0 | 217.6 | 116.2 | 71.7 | 31.2 | 85.8 | 91.1 | 60.5 |
Income taxes | 60.3 | 46.2 | 24.0 | 12.7 | 14.2 | 33.0 | 35.2 | 26.8 |
Tax rate | 23.4% | 21.3% | 20.6% | 17.7% | 45.6% | 38.4% | 38.6% | 44.3% |
Earnings from continuing ops | 194.7 | 170.5 | 91.1 | 58.9 | -23.9 | 50.0 | 55.4 | 36.0 |
Earnings from discontinued ops | | | 19.5 | 33.5 | 23.9 | | | |
Net income | 194.7 | 170.5 | 110.5 | 92.4 | 0.0 | 50.0 | 55.4 | 36.0 |
Net margin | 7.4% | 7.1% | 5.4% | 5.3% | 0.0% | 3.0% | 2.1% | 1.7% |
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Diluted EPS | $3.42 | $3.06 | $1.63 | $1.08 | ($451.65) | $0.96 | $1.06 | $0.78 |
Shares outstanding (diluted) | 56.9 | 55.8 | 56.0 | 54.4 | 0.1 | 52.1 | 52.2 | 46.2 |
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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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