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 |
Revenues | 874.5 | 789.2 | 2,052.3 | 1,704.6 | 981.9 | 436.9 | 569.6 |
Revenue growth | 10.8% | -61.5% | 20.4% | 73.6% | 124.7% | -23.3% | |
Cost of goods sold | 662.3 | 584.3 | 1,470.4 | 1,270.4 | 813.8 | 404.1 | 483.3 |
Gross profit | 212.2 | 205.0 | 582.0 | 434.2 | 168.0 | 32.8 | 86.3 |
Gross margin | 24.3% | 26.0% | 28.4% | 25.5% | 17.1% | 7.5% | 15.1% |
General and administrative | 82.9 | 86.8 | 105.1 | 54.2 | 49.9 | 26.6 | 27.4 |
EBITA | 60.6 | 23.0 | 438.4 | 351.1 | 102.6 | -14.6 | 30.4 |
EBITA margin | 6.9% | 2.9% | 21.4% | 20.6% | 10.4% | -3.3% | 5.3% |
Amortization of intangibles | | | | | 0.3 | 0.3 | 0.3 |
EBIT | 60.6 | 23.0 | 438.4 | 351.1 | 102.3 | -14.9 | 30.1 |
EBIT margin | 6.9% | 2.9% | 21.4% | 20.6% | 10.4% | -3.4% | 5.3% |
Pre-tax income | -68.4 | -134.5 | 213.5 | 225.1 | 15.7 | -81.1 | -71.2 |
Income taxes | -14.3 | -27.5 | 50.5 | 51.3 | 3.1 | -28.0 | -25.4 |
Tax rate | 20.8% | 20.4% | 23.7% | 22.8% | 19.9% | 34.5% | 35.6% |
Net income | -54.2 | -107.0 | 163.0 | 173.9 | 12.6 | -53.1 | -45.9 |
Net margin | -6.2% | -13.6% | 7.9% | 10.2% | 1.3% | -12.2% | -8.0% |
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Diluted EPS | ($0.53) | ($1.06) | $1.57 | $2.00 | $0.16 | ($1.19) | ($1.31) |
Shares outstanding (diluted) | 102.7 | 100.8 | 103.8 | 87.0 | 79.6 | 44.8 | 35.0 |
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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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