Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-05-17 | Dec-31-16 |
Revenues | 1,684.6 | 1,157.9 | 1,297.4 | 1,515.0 | 1,515.0 | 1,475.0 | 1,475.2 | 1,192.0 |
Revenue growth | 45.5% | -10.8% | -14.4% | 2.7% | 2.7% | 23.7% | | -10.3% |
Cost of goods sold | 1,410.5 | 1,024.2 | 1,161.9 | 1,340.5 | 1,340.5 | 1,248.1 | 1,248.1 | 1,083.6 |
Gross profit | 274.1 | 133.7 | 135.5 | 174.5 | 174.5 | 226.9 | 227.1 | 108.4 |
Gross margin | 16.3% | 11.6% | 10.4% | 11.5% | 11.5% | 15.4% | 15.4% | 9.1% |
Selling, general and administrative | 83.0 | 70.9 | 75.4 | 81.2 | 81.2 | 72.7 | 72.7 | 53.7 |
EBIT | 191.1 | 62.9 | 60.1 | 93.3 | 93.3 | 154.4 | 154.4 | 54.2 |
EBIT margin | 11.3% | 5.4% | 4.6% | 6.2% | 6.2% | 10.5% | 10.5% | 4.5% |
Pre-tax income | 185.1 | 55.0 | 53.3 | 85.8 | 85.8 | 144.6 | 144.6 | 53.8 |
Income taxes | 45.3 | 9.0 | 12.0 | 19.5 | 19.5 | -2.1 | -2.1 | 19.6 |
Tax rate | 24.5% | 16.3% | 22.5% | 22.8% | 22.8% | | | 36.5% |
Net income | 139.8 | 46.1 | 41.3 | 66.2 | 66.2 | 146.7 | 146.7 | 34.1 |
Net margin | 8.3% | 4.0% | 3.2% | 4.4% | 4.4% | 9.9% | 9.9% | 2.9% |
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Diluted EPS | $4.81 | $1.64 | $1.43 | $2.14 | $2.14 | $4.72 | $4.72 | $1.12 |
Shares outstanding (diluted) | 29.0 | 28.2 | 28.9 | 31.0 | 31.0 | 31.1 | 31.1 | 30.5 |
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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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