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 | 1,945.5 | 1,899.8 | 1,726.0 | 1,834.1 | 1,175.3 | 876.7 | 708.9 | 746.7 |
Revenue growth | 2.4% | 10.1% | -5.9% | 56.1% | 34.1% | 23.7% | -5.1% | -8.9% |
Cost of goods sold | 1,252.6 | 1,224.4 | 1,103.6 | 1,177.8 | 799.2 | 601.0 | 486.8 | 518.2 |
Gross profit | 692.9 | 675.4 | 622.4 | 656.3 | 376.1 | 275.7 | 222.1 | 228.5 |
Gross margin | 35.6% | 35.6% | 36.1% | 35.8% | 32.0% | 31.4% | 31.3% | 30.6% |
Selling, general and administrative | 452.5 | 578.0 | 544.9 | 432.2 | 251.9 | 164.5 | 140.5 | 139.2 |
Research and development | | | | | 33.1 | 24.4 | 17.7 | 17.8 |
EBITA | 240.3 | 97.4 | 77.5 | 72.3 | 121.4 | 98.0 | 72.3 | 80.0 |
EBITA margin | 12.4% | 5.1% | 4.5% | 3.9% | 10.3% | 11.2% | 10.2% | 10.7% |
Amortization of intangibles | | | | | 25.2 | 9.5 | 8.3 | 8.6 |
EBIT | 240.3 | 97.4 | 77.5 | 72.3 | 96.2 | 88.5 | 64.0 | 71.4 |
EBIT margin | 12.4% | 5.1% | 4.5% | 3.9% | 8.2% | 10.1% | 9.0% | 9.6% |
Pre-tax income | 189.3 | 7.8 | 4.0 | 148.2 | 51.7 | 71.1 | 33.9 | 51.1 |
Income taxes | 62.3 | -19.9 | 29.5 | 21.0 | 16.4 | 19.7 | 8.7 | 15.7 |
Tax rate | 32.9% | | 737.5% | 14.2% | 31.7% | 27.7% | 25.8% | 30.8% |
Net income | 127.0 | 27.7 | -25.5 | 127.2 | 35.3 | 51.4 | 25.1 | 35.4 |
Net margin | 6.5% | 1.5% | -1.5% | 6.9% | 3.0% | 5.9% | 3.5% | 4.7% |
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Diluted EPS | $1.94 | $0.42 | ($0.39) | $1.97 | $0.92 | $1.77 | $0.97 | $1.36 |
Shares outstanding (diluted) | 65.4 | 65.4 | 64.6 | 64.5 | 38.4 | 29.1 | 25.9 | 26.1 |
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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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