Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 1,067.5 | 1,157.5 | 1,544.4 | 1,419.6 | 1,196.6 | 871.7 | 1,736.8 | 1,021.5 |
Revenue growth | -7.8% | -25.1% | 8.8% | 18.6% | 37.3% | -49.8% | 70.0% | 54.7% |
Cost of goods sold | 829.3 | 899.1 | 1,300.8 | 1,178.7 | 912.0 | 705.9 | 1,384.3 | 708.3 |
Gross profit | 238.2 | 258.4 | 243.6 | 240.9 | 284.7 | 165.8 | 352.5 | 313.2 |
Gross margin | 22.3% | 22.3% | 15.8% | 17.0% | 23.8% | 19.0% | 20.3% | 30.7% |
Selling, general and administrative | 207.9 | 217.3 | 251.2 | 219.4 | 162.0 | 134.0 | 166.1 | 117.0 |
EBIT | 32.0 | -57.5 | -7.6 | 40.9 | 122.6 | 36.5 | 186.4 | 196.2 |
EBIT margin | 3.0% | -5.0% | -0.5% | 2.9% | 10.2% | 4.2% | 10.7% | 19.2% |
Pre-tax income | -172.8 | -62.8 | -48.6 | 26.6 | 107.3 | -1.1 | 172.3 | 198.3 |
Income taxes | -0.5 | 10.7 | -3.2 | -17.9 | 29.7 | 20.9 | 16.1 | -76.3 |
Tax rate | 0.3% | | 6.6% | | 27.6% | | 9.3% | |
Earnings from continuing ops | -172.3 | -71.7 | -38.3 | 39.8 | 82.6 | -41.3 | 134.9 | 111.6 |
Earnings from discontinued ops | -0.3 | -12.3 | -0.4 | 2.2 | 0.7 | 1.5 | 0.1 | 135.3 |
Net income | -172.6 | -84.0 | -38.7 | 42.0 | 83.4 | -39.8 | 135.0 | 246.9 |
Net margin | -16.2% | -7.3% | -2.5% | 3.0% | 7.0% | -4.6% | 7.8% | 24.2% |
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Diluted EPS | ($5.54) | ($2.27) | ($1.20) | $1.28 | $2.70 | ($1.37) | $4.44 | $3.68 |
Shares outstanding (diluted) | 31.1 | 31.6 | 31.9 | 31.2 | 30.6 | 30.2 | 30.4 | 30.3 |
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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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