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 | 1,710.2 | 1,438.9 | 1,321.9 | 1,345.6 | 1,396.9 | 1,445.9 | 1,442.5 | 1,484.8 |
Revenue growth | 18.9% | 8.9% | -1.8% | -3.7% | -3.4% | 0.2% | -2.8% | 0.8% |
Cost of goods sold | 1,520.0 | 1,210.7 | 1,089.2 | 1,135.2 | 1,103.2 | 1,112.7 | 1,116.4 | 35.9 |
Gross profit | 190.2 | 228.2 | 232.7 | 210.4 | 293.7 | 333.2 | 326.1 | 1,448.8 |
Gross margin | 11.1% | 15.9% | 17.6% | 15.6% | 21.0% | 23.0% | 22.6% | 97.6% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 32.6 | 41.0 | 26.3 | 30.2 |
EBIT | 137.4 | 156.2 | 136.3 | 328.3 | 264.8 | 306.8 | 299.9 | 253.2 |
EBIT margin | 8.0% | 10.9% | 10.3% | 24.4% | 19.0% | 21.2% | 20.8% | 17.1% |
Pre-tax income | 138.0 | 159.4 | 136.5 | 228.1 | 162.7 | 198.7 | 215.4 | 185.6 |
Income taxes | -17.2 | 12.0 | 7.1 | 31.4 | 26.1 | 82.8 | 78.1 | 67.4 |
Tax rate | | 7.5% | 5.2% | 13.8% | 16.0% | 41.7% | 36.3% | 36.3% |
Earnings from continuing ops | 155.2 | 147.3 | 129.5 | 197.0 | 136.6 | 115.9 | 137.3 | 118.2 |
Earnings from discontinued ops | | | | | | | | 5.1 |
Net income | 155.2 | 147.3 | 129.5 | 197.0 | 136.6 | 115.9 | 137.3 | 123.3 |
Net margin | 9.1% | 10.2% | 9.8% | 14.6% | 9.8% | 8.0% | 9.5% | 8.3% |
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Diluted EPS | $2.12 | $2.10 | $1.90 | $2.97 | $2.07 | $1.79 | $2.15 | $1.88 |
Shares outstanding (diluted) | 73.1 | 70.1 | 68.1 | 66.3 | 65.9 | 64.8 | 63.9 | 62.7 |
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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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