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 | 1,717.3 | 1,407.6 | 1,343.8 | 1,430.9 | 1,957.0 | 940.4 | 868.7 | 941.4 |
Revenue growth | 22.0% | 4.7% | -6.1% | -26.9% | 108.1% | 8.3% | -7.7% | -1.7% |
Cost of goods sold | 1,594.2 | 1,332.8 | 1,280.4 | 1,377.5 | 1,665.8 | 799.7 | 682.6 | 738.9 |
Gross profit | 123.1 | 74.7 | 63.4 | 53.5 | 291.1 | 140.8 | 186.2 | 202.5 |
Gross margin | 7.2% | 5.3% | 4.7% | 3.7% | 14.9% | 15.0% | 21.4% | 21.5% |
Selling, general and administrative | 91.5 | 75.8 | 77.9 | 80.8 | 105.0 | 79.6 | 37.2 | 47.7 |
EBITA | 30.5 | -5.0 | -24.1 | -45.5 | 154.8 | 60.0 | 143.3 | 119.5 |
EBITA margin | 1.8% | -0.4% | -1.8% | -3.2% | 7.9% | 6.4% | 16.5% | 12.7% |
Amortization of intangibles | 7.0 | 7.0 | 7.0 | 7.0 | 7.0 | 1.0 | | |
EBIT | 23.5 | -12.0 | -31.1 | -52.5 | 147.8 | 59.0 | 143.3 | 119.5 |
EBIT margin | 1.4% | -0.9% | -2.3% | -3.7% | 7.6% | 6.3% | 16.5% | 12.7% |
Pre-tax income | -23.8 | -82.9 | -98.2 | -104.3 | 126.5 | 342.7 | 112.6 | 82.9 |
Income taxes | 0.9 | -34.7 | -60.9 | -20.4 | 27.0 | 19.2 | 39.3 | 27.6 |
Tax rate | | 41.9% | 62.0% | 19.5% | 21.4% | 5.6% | 34.9% | 33.3% |
Earnings from continuing ops | -27.4 | -49.8 | -38.1 | -31.0 | 114.6 | 311.2 | 67.9 | 55.3 |
Earnings from discontinued ops | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | | |
Net income | -14.9 | 66.4 | 0.6 | -31.0 | 114.6 | 311.2 | 67.9 | 55.3 |
Net margin | -0.9% | 4.7% | 0.0% | -2.2% | 5.9% | 33.1% | 7.8% | 5.9% |
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Diluted EPS | ($0.43) | ($0.78) | ($0.60) | ($0.57) | $1.75 | $5.57 | $1.44 | $1.31 |
Shares outstanding (diluted) | 63.9 | 63.6 | 63.2 | 54.5 | 65.4 | 55.9 | 47.1 | 42.2 |
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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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