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-05-18 | Dec-31-17 | Dec-31-16 |
Revenues | 1,398.3 | 1,614.5 | 1,501.4 | 1,405.8 | 1,320.6 | 1,320.6 | 1,145.8 | 1,113.4 |
Revenue growth | -13.4% | 7.5% | 6.8% | 6.5% | 15.3% | | 2.9% | -1.5% |
Cost of goods sold | 375.1 | 385.2 | 378.2 | 376.4 | 369.1 | 369.1 | 315.7 | 281.1 |
Gross profit | 1,023.2 | 1,229.3 | 1,123.2 | 1,029.4 | 951.5 | 951.5 | 830.1 | 832.3 |
Gross margin | 73.2% | 76.1% | 74.8% | 73.2% | 72.1% | 72.1% | 72.4% | 74.8% |
General and administrative | 145.8 | 137.7 | 149.1 | 148.3 | 158.4 | 158.4 | 158.1 | 134.0 |
EBITA | 472.6 | 641.2 | 541.6 | 464.8 | 417.0 | 405.3 | 333.4 | 248.7 |
EBITA margin | 33.8% | 39.7% | 36.1% | 33.1% | 31.6% | 30.7% | 29.1% | 22.3% |
Amortization of intangibles | 10.4 | 7.9 | 8.0 | 7.7 | 11.7 | | 8.9 | 7.2 |
EBIT | 462.2 | 633.3 | 533.6 | 457.1 | 405.3 | 405.3 | 324.5 | 241.5 |
EBIT margin | 33.1% | 39.2% | 35.5% | 32.5% | 30.7% | 30.7% | 28.3% | 21.7% |
Pre-tax income | 311.0 | 436.5 | 282.9 | 201.2 | 156.5 | 156.5 | 131.2 | 57.4 |
Income taxes | 116.4 | 85.3 | 70.4 | 32.3 | 46.8 | 46.8 | 52.0 | 38.2 |
Tax rate | 37.4% | 19.5% | 24.9% | 16.1% | 29.9% | 29.9% | 39.7% | 66.6% |
Earnings from continuing ops | 194.6 | 350.8 | 211.8 | 167.9 | 115.9 | 109.7 | 162.6 | 98.1 |
Earnings from discontinued ops | | | | | | 0.1 | -0.2 | -2.4 |
Net income | 194.6 | 350.8 | 211.8 | 167.9 | 115.9 | 109.7 | 162.4 | 95.7 |
Net margin | 13.9% | 21.7% | 14.1% | 11.9% | 8.8% | 8.3% | 14.2% | 8.6% |
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Diluted EPS | $7.46 | $11.26 | $6.68 | $5.33 | $4.06 | $3.84 | $6.16 | $3.79 |
Shares outstanding (diluted) | 26.1 | 31.2 | 31.7 | 31.5 | 28.6 | 28.6 | 26.4 | 25.9 |
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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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