W R GRACE & CO (GRA) [Rocket]

In millions, except per share items	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13
Revenues	1,729.8	1,958.1	1,932.1	1,716.5	1,598.6	1,628.2	1,757.3	3,060.7
Revenue growth	-11.7%	1.3%	12.6%	7.4%	-1.8%	-7.3%	-42.6%	-3.0%
Cost of goods sold	1,113.3	1,164.4	1,165.4	1,040.4	928.8	976.5	1,093.3	1,918.6
Gross profit	616.5	793.7	766.7	676.1	669.8	651.7	664.0	1,142.1
Gross margin	35.6%	40.5%	39.7%	39.4%	41.9%	40.0%	37.8%	37.3%
Selling, general and administrative	282.9	299.0	300.4	268.4	271.8	318.9	415.1	505.7
Research and development	65.9	64.5	62.7	56.3	51.6	47.1	51.3	65.2
EBITA	204.6	389.7	299.7	386.2	328.7	315.9	180.5	452.2
EBITA margin	11.8%	19.9%	15.5%	22.5%	20.6%	19.4%	10.3%	14.8%
Amortization of intangibles	22.1	21.9	19.9	15.4	13.9	16.2	17.0	12.7
EBIT	182.5	367.8	279.8	370.8	314.8	299.7	163.5	439.5
EBIT margin	10.6%	18.8%	14.5%	21.6%	19.7%	18.4%	9.3%	14.4%
Pre-tax income	0.5	183.5	244.9	210.9	166.0	193.7	104.5	360.6
Income taxes	2.2	56.8	78.1	200.5	59.0	69.8	-12.4	102.9
Tax rate	440.0%	31.0%	31.9%	95.1%	35.5%	36.0%		28.5%
Earnings from continuing ops	-1.8	126.3	167.6	11.2	201.1	144.2	276.3	256.1
Earnings from discontinued ops	0.0	0.0	0.0	0.0
Net income	-1.8	126.3	167.6	11.2	201.1	144.2	276.3	256.1
Net margin	-0.1%	6.5%	8.7%	0.7%	12.6%	8.9%	15.7%	8.4%

Diluted EPS	($0.03)	$1.89	$2.49	$0.16	$2.85	$1.99	$3.63	$3.30
Shares outstanding (diluted)	66.3	66.9	67.3	68.2	70.5	72.6	76.2	77.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.