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 | 1,593.1 | 1,214.9 | 966.7 | 1,091.9 | 1,285.6 | 1,173.0 | 986.7 | 1,007.2 |
Revenue growth | 31.1% | 25.7% | -11.5% | -15.1% | 9.6% | 18.9% | -2.0% | |
Cost of goods sold | 1,215.8 | 773.2 | 587.8 | 712.4 | 908.5 | 769.3 | 595.4 | 624.3 |
Gross profit | 377.4 | 441.7 | 378.9 | 379.4 | 377.2 | 403.7 | 391.3 | 382.9 |
Gross margin | 23.7% | 36.4% | 39.2% | 34.8% | 29.3% | 34.4% | 39.7% | 38.0% |
Selling, general and administrative | 29.7 | 31.0 | 25.9 | 29.3 | 27.6 | 29.3 | 24.9 | 23.6 |
EBIT | 347.7 | 410.7 | 353.0 | 350.2 | 349.6 | 374.4 | 366.4 | 359.3 |
EBIT margin | 21.8% | 33.8% | 36.5% | 32.1% | 27.2% | 31.9% | 37.1% | 35.7% |
Pre-tax income | 335.8 | 401.9 | 341.7 | 333.6 | 330.6 | 354.3 | 354.4 | 354.5 |
Income taxes | 1.0 | 0.5 | 0.6 | 0.7 | 0.0 | 1.3 | 1.0 | 0.7 |
Tax rate | 0.3% | 0.1% | 0.2% | 0.2% | 0.0% | 0.4% | 0.3% | 0.2% |
Net income | 64.2 | 82.5 | 66.2 | 61.0 | 49.3 | 48.7 | 40.9 | 39.8 |
Net margin | 4.0% | 6.8% | 6.8% | 5.6% | 3.8% | 4.1% | 4.1% | 4.0% |
|
Diluted EPS | $1.82 | $2.34 | $1.88 | $1.77 | $1.53 | $1.71 | $1.51 | $1.47 |
Shares outstanding (diluted) | 35.3 | 35.3 | 35.2 | 34.5 | 32.2 | 28.4 | 27.1 | 27.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|