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 | 970.1 | 903.2 | 1,013.5 | 1,125.4 | 1,084.4 | 1,046.5 | 1,092.4 | 1,480.4 |
Revenue growth | 7.4% | -10.9% | -9.9% | 3.8% | 3.6% | -4.2% | -26.2% | 2.6% |
Cost of goods sold | 626.2 | 545.3 | 629.8 | 715.5 | 667.3 | 628.9 | 685.0 | 949.9 |
Gross profit | 343.9 | 357.9 | 383.7 | 409.9 | 417.1 | 417.6 | 407.4 | 530.5 |
Gross margin | 35.4% | 39.6% | 37.9% | 36.4% | 38.5% | 39.9% | 37.3% | 35.8% |
Selling, general and administrative | 254.6 | 264.5 | 272.8 | 289.1 | 296.5 | 266.3 | 257.7 | 288.9 |
Research and development | | | | 20.2 | 20.0 | 18.4 | 17.5 | 27.9 |
EBITA | 98.2 | 198.5 | 97.7 | 166.4 | 98.6 | 122.2 | 63.8 | 201.8 |
EBITA margin | 10.1% | 22.0% | 9.6% | 14.8% | 9.1% | 11.7% | 5.8% | 13.6% |
Amortization of intangibles | 8.5 | 9.0 | 9.5 | 9.5 | 6.4 | 3.9 | 4.5 | 5.9 |
EBIT | 89.7 | 189.5 | 88.2 | 156.9 | 92.2 | 118.3 | 59.3 | 195.9 |
EBIT margin | 9.2% | 21.0% | 8.7% | 13.9% | 8.5% | 11.3% | 5.4% | 13.2% |
Pre-tax income | 33.9 | 137.7 | 35.2 | 10.5 | -28.3 | 35.3 | 56.6 | 191.1 |
Income taxes | 12.1 | 36.7 | -6.0 | 26.3 | 82.1 | 6.7 | 56.0 | 55.6 |
Tax rate | 35.7% | 26.7% | | 250.5% | | 19.0% | 98.9% | 29.1% |
Earnings from continuing ops | 43.3 | 100.5 | 40.8 | -31.9 | -110.9 | 27.6 | | 134.3 |
Earnings from discontinued ops | -0.3 | -0.3 | 5.7 | 31.3 | 664.3 | 45.2 | 40.1 | |
Net income | 43.0 | 100.2 | 46.5 | -0.6 | 553.4 | 72.8 | 40.1 | 134.3 |
Net margin | 4.4% | 11.1% | 4.6% | -0.1% | 51.0% | 7.0% | 3.7% | 9.1% |
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Diluted EPS | $0.59 | $1.37 | $0.56 | ($0.44) | ($1.55) | $0.38 | $0.00 | $1.90 |
Shares outstanding (diluted) | 73.5 | 73.1 | 72.9 | 72.1 | 71.5 | 71.7 | 70.5 | 70.5 |
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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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