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 | 1,984.4 | 1,825.5 | 1,827.9 | 2,048.1 | 1,909.5 | 1,921.5 | 2,271.6 | 3,062.8 |
Revenue growth | 8.7% | -0.1% | -10.8% | 7.3% | -0.6% | -15.4% | -25.8% | -16.3% |
Cost of goods sold | 1,758.7 | 1,605.2 | 1,663.9 | 2,038.3 | 1,847.2 | 1,787.1 | 2,039.1 | 2,457.3 |
Gross profit | 225.7 | 220.3 | 163.9 | 9.9 | 62.3 | 134.4 | 232.5 | 605.4 |
Gross margin | 11.4% | 12.1% | 9.0% | 0.5% | 3.3% | 7.0% | 10.2% | 19.8% |
Selling, general and administrative | 196.5 | 224.3 | 195.7 | 214.9 | 198.3 | 184.0 | 208.5 | 231.6 |
EBITA | 120.1 | 45.3 | -84.9 | -238.7 | -54.8 | 18.7 | 81.2 | 383.8 |
EBITA margin | 6.1% | 2.5% | -4.6% | -11.7% | -2.9% | 1.0% | 3.6% | 12.5% |
Amortization of intangibles | 7.5 | 3.8 | 15.0 | 36.0 | 18.0 | 10.0 | 10.2 | 7.8 |
EBIT | 112.6 | 41.5 | -99.9 | -274.7 | -72.8 | 8.7 | 71.0 | 376.0 |
EBIT margin | 5.7% | 2.3% | -5.5% | -13.4% | -3.8% | 0.5% | 3.1% | 12.3% |
Pre-tax income | 79.1 | -5.7 | -498.9 | -330.8 | -185.8 | -17.8 | 43.3 | 336.3 |
Income taxes | 53.1 | 43.6 | -2.1 | 17.6 | 26.5 | -184.2 | 18.8 | 105.3 |
Tax rate | 67.2% | | 0.4% | | | 1032.5% | 43.3% | 31.3% |
Net income | 25.9 | -49.3 | -496.8 | -348.4 | -212.3 | 166.4 | 24.6 | 231.0 |
Net margin | 1.3% | -2.7% | -27.2% | -17.0% | -11.1% | 8.7% | 1.1% | 7.5% |
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Diluted EPS | $0.26 | ($0.49) | ($5.01) | ($3.52) | ($2.16) | $1.68 | $0.25 | $2.34 |
Shares outstanding (diluted) | 101.4 | 99.7 | 99.2 | 98.9 | 98.5 | 98.8 | 98.4 | 98.8 |
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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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