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 | 2,870.3 | 2,676.2 | 1,962.0 | 1,761.7 | 1,582.1 | 1,522.3 | 1,490.0 | 1,481.4 |
Revenue growth | 7.3% | 36.4% | 11.4% | 11.4% | 3.9% | 2.2% | 0.6% | |
Cost of goods sold | 2,251.3 | 2,136.6 | 1,472.5 | 1,346.1 | 1,201.9 | 1,180.8 | 1,262.9 | 0.0 |
Gross profit | 619.1 | 539.6 | 489.4 | 415.6 | 380.2 | 341.5 | 227.1 | 1,481.4 |
Gross margin | 21.6% | 20.2% | 24.9% | 23.6% | 24.0% | 22.4% | 15.2% | 100.0% |
Selling, general and administrative | 231.1 | 182.1 | 144.7 | 129.3 | 110.8 | 99.6 | 96.7 | 91.2 |
EBIT | 91.6 | 74.3 | 154.3 | 144.9 | 172.2 | 145.1 | 130.2 | 120.1 |
EBIT margin | 3.2% | 2.8% | 7.9% | 8.2% | 10.9% | 9.5% | 8.7% | 8.1% |
Pre-tax income | -38.3 | -31.9 | 17.6 | 43.0 | 44.4 | 8.8 | 10.8 | -30.8 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 9.4 | 5.9 | -9.6 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 106.9% | 54.4% | 31.3% |
Net income | -19.4 | -30.5 | 24.5 | 48.2 | 46.2 | -29.9 | -24.5 | -21.2 |
Net margin | -0.7% | -1.1% | 1.3% | 2.7% | 2.9% | -2.0% | -1.6% | -1.4% |
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Diluted EPS | ($0.07) | ($0.12) | $0.12 | $0.26 | $0.32 | ($0.43) | ($0.35) | ($0.30) |
Shares outstanding (diluted) | 269.6 | 259.1 | 206.9 | 184.0 | 144.3 | 70.0 | 69.9 | 69.8 |
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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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