Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 1,365.3 | 1,436.8 | 1,345.9 | 1,294.6 | 1,125.3 | 1,168.6 | 1,033.9 | 765.1 |
Revenue growth | -5.0% | 6.7% | 4.0% | 15.0% | -3.7% | 13.0% | 35.1% | 8.9% |
Cost of goods sold | 1,062.5 | 1,097.2 | 1,074.4 | 1,007.7 | 890.3 | 955.8 | 859.3 | 615.1 |
Gross profit | 302.8 | 339.6 | 271.5 | 286.9 | 235.0 | 212.9 | 174.6 | 150.1 |
Gross margin | 22.2% | 23.6% | 20.2% | 22.2% | 20.9% | 18.2% | 16.9% | 19.6% |
Selling, general and administrative | 100.0 | 112.8 | 89.0 | 91.6 | 72.9 | 77.2 | 77.9 | 77.1 |
Research and development | 89.2 | 114.2 | 102.8 | 122.3 | 109.8 | 51.4 | 15.6 | 8.6 |
EBITA | 113.5 | 112.6 | 79.8 | 73.5 | 52.3 | 84.3 | 81.2 | 66.8 |
EBITA margin | 8.3% | 7.8% | 5.9% | 5.7% | 4.6% | 7.2% | 7.9% | 8.7% |
Amortization of intangibles | | | | 0.5 | | | | |
EBIT | 113.5 | 112.6 | 79.8 | 73.0 | 52.3 | 84.3 | 81.2 | 66.8 |
EBIT margin | 8.3% | 7.8% | 5.9% | 5.6% | 4.6% | 7.2% | 7.9% | 8.7% |
Pre-tax income | 103.6 | 91.8 | 88.0 | 65.1 | 48.2 | 64.7 | 85.4 | 55.1 |
Income taxes | 35.3 | 30.8 | 20.6 | 17.6 | 11.6 | 22.1 | 34.3 | 22.5 |
Tax rate | 34.0% | 33.5% | 23.4% | 27.1% | 24.1% | 34.1% | 40.1% | 40.9% |
Earnings from continuing ops | 68.4 | 61.0 | 67.4 | 47.5 | 36.6 | 42.6 | 51.1 | 32.6 |
Earnings from discontinued ops | 68.4 | 61.0 | 67.4 | 47.5 | | | 3.1 | 2.5 |
Net income | 68.4 | 61.0 | 67.4 | 47.5 | 36.6 | 58.5 | 54.2 | 35.1 |
Net margin | 5.0% | 4.2% | 5.0% | 3.7% | 3.3% | 5.0% | 5.2% | 4.6% |
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Diluted EPS | $1.13 | $1.03 | $1.14 | $0.81 | $0.64 | $0.70 | $0.83 | $0.52 |
Shares outstanding (diluted) | 60.4 | 59.5 | 59.1 | 58.3 | 57.5 | 61.0 | 61.6 | 62.6 |
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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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