Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 1,218.2 | 1,275.1 | 1,282.7 | 1,270.6 | 1,284.8 | 1,213.5 | 1,132.8 | 1,011.5 |
Revenue growth | -4.5% | -0.6% | 1.0% | -1.1% | 5.9% | 7.1% | 12.0% | 7.3% |
Cost of goods sold | 582.3 | 583.0 | 585.5 | 0.0 | 604.1 | 592.1 | 540.6 | 493.6 |
Gross profit | 635.9 | 692.0 | 697.2 | 1,270.6 | 680.7 | 621.4 | 592.3 | 517.8 |
Gross margin | 52.2% | 54.3% | 54.4% | 100.0% | 53.0% | 51.2% | 52.3% | 51.2% |
General and administrative | 95.2 | 91.1 | 94.7 | 98.0 | 98.6 | 84.4 | 108.3 | 88.5 |
EBITA | 324.5 | 421.5 | 386.2 | 370.5 | 510.4 | 352.4 | 317.7 | 298.2 |
EBITA margin | 26.6% | 33.1% | 30.1% | 29.2% | 39.7% | 29.0% | 28.0% | 29.5% |
Amortization of intangibles | | | | | 1.4 | 1.4 | 1.4 | 1.4 |
EBIT | 324.5 | 421.5 | 386.2 | 370.5 | 509.1 | 351.0 | 316.3 | 296.9 |
EBIT margin | 26.6% | 33.1% | 30.1% | 29.2% | 39.6% | 28.9% | 27.9% | 29.3% |
Pre-tax income | 194.5 | 253.8 | 231.7 | 197.7 | 359.6 | 195.6 | 77.7 | 26.9 |
Income taxes | 29.3 | 42.1 | 59.5 | 34.4 | 76.5 | 45.1 | -5.0 | 4.6 |
Tax rate | 15.1% | 16.6% | 25.7% | 17.4% | 21.3% | 23.0% | | 17.2% |
Net income | 69.7 | 112.9 | 78.8 | 69.9 | 113.0 | 39.6 | 86.2 | 20.7 |
Net margin | 5.7% | 8.9% | 6.1% | 5.5% | 8.8% | 3.3% | 7.6% | 2.0% |
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Diluted EPS | $0.37 | $0.59 | $0.41 | $0.35 | $0.55 | $0.19 | $0.49 | $0.12 |
Shares outstanding (diluted) | 186.8 | 189.8 | 193.7 | 200.7 | 204.6 | 204.5 | 176.3 | 171.8 |
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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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