Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-05-20 | Dec-31-19 | Dec-31-18 |
Revenues | 1,571.8 | 1,571.8 | 1,212.8 | 1,212.8 | 873.6 | 873.6 | 557.4 | 0.0 |
Revenue growth | 29.6% | 29.6% | 38.8% | 38.8% | 56.7% | | | |
Cost of goods sold | 1,152.2 | 1,152.2 | 898.4 | 898.4 | 659.1 | 659.1 | 405.3 | 0.0 |
Gross profit | 419.6 | 419.6 | 314.4 | 314.4 | 214.5 | 214.5 | 152.1 | 0.0 |
Gross margin | 26.7% | 26.7% | 25.9% | 25.9% | 24.6% | 24.6% | 27.3% | |
Selling, general and administrative | 378.8 | | 296.4 | | 222.6 | | | 0.0 |
General and administrative | | 362.3 | | 285.9 | | 216.0 | 137.6 | 0.0 |
EBITA | 14.9 | 40.8 | -14.6 | 18.0 | -37.2 | -8.1 | 12.0 | 0.0 |
EBITA margin | 0.9% | 2.6% | -1.2% | 1.5% | -4.3% | -0.9% | 2.2% | |
Amortization of intangibles | 5.9 | | 3.3 | | 2.3 | | 0.3 | |
EBIT | 9.0 | 40.8 | -17.9 | 18.0 | -39.5 | -8.1 | 11.7 | 0.0 |
EBIT margin | 0.6% | 2.6% | -1.5% | 1.5% | -4.5% | -0.9% | 2.1% | |
Pre-tax income | 10.6 | 10.6 | -17.2 | -17.2 | -30.6 | -30.6 | -35.4 | 0.0 |
Income taxes | 1.3 | 1.3 | 3.6 | 3.6 | -6.6 | -6.6 | 0.0 | 0.0 |
Tax rate | 12.3% | 12.3% | | | 21.6% | 21.6% | 0.0% | |
Net income | 9.3 | 6.3 | -20.8 | -23.4 | -24.0 | -24.0 | -35.4 | 0.0 |
Net margin | 0.6% | 0.4% | -1.7% | -1.9% | -2.7% | -2.7% | -6.4% | |
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Diluted EPS | $0.29 | $0.20 | ($0.66) | ($0.74) | ($0.90) | ($0.90) | ($4.85) | $0.00 |
Shares outstanding (diluted) | 32.3 | 32.3 | 31.7 | 31.7 | 26.6 | 26.6 | 7.3 | 3.1 |
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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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