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 | 320.0 | 287.9 | 334.4 | 414.8 | 384.6 | 455.5 | 538.7 | 844.3 |
Revenue growth | 11.2% | -13.9% | -19.4% | 7.8% | -15.6% | -15.5% | -36.2% | -9.3% |
Cost of goods sold | 342.3 | 368.9 | 393.2 | 407.6 | 293.6 | 330.2 | 328.4 | 459.3 |
Gross profit | -22.3 | -80.9 | -58.7 | 7.2 | 91.1 | 125.2 | 210.3 | 385.0 |
Gross margin | -7.0% | -28.1% | -17.6% | 1.7% | 23.7% | 27.5% | 39.0% | 45.6% |
Selling, general and administrative | 17.2 | 78.9 | 35.4 | 4.4 | 102.1 | 113.6 | 53.2 | 88.0 |
Research and development | | | | | 20.3 | 20.0 | 44.3 | 48.1 |
EBITA | -19.5 | -77.9 | -58.7 | 10.1 | -6.4 | -5.4 | 113.0 | 248.8 |
EBITA margin | -6.1% | -27.1% | -17.6% | 2.4% | -1.7% | -1.2% | 21.0% | 29.5% |
Amortization of intangibles | 2.8 | 3.0 | 0.0 | 2.9 | 2.4 | 2.9 | 0.2 | |
EBIT | -22.3 | -80.9 | -58.7 | 7.2 | -8.8 | -8.3 | 112.8 | 248.8 |
EBIT margin | -7.0% | -28.1% | -17.6% | 1.7% | -2.3% | -1.8% | 20.9% | 29.5% |
Pre-tax income | 6.8 | -125.1 | -62.0 | 10.4 | -115.0 | -65.6 | 115.9 | 249.8 |
Income taxes | 6.3 | 2.9 | -31.3 | 8.7 | -19.3 | 35.0 | 22.6 | 57.8 |
Tax rate | 93.5% | | 50.4% | 83.5% | 16.8% | | 19.5% | 23.1% |
Net income | 0.4 | -128.0 | -30.8 | 1.7 | -95.7 | -100.6 | 93.2 | 192.0 |
Net margin | 0.1% | -44.5% | -9.2% | 0.4% | -24.9% | -22.1% | 17.3% | 22.7% |
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Diluted EPS | $0.01 | ($3.62) | ($0.87) | $0.05 | ($2.58) | ($2.69) | $2.47 | $4.98 |
Shares outstanding (diluted) | 34.5 | 35.3 | 35.3 | 36.2 | 37.1 | 37.5 | 37.7 | 38.5 |
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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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