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 | 2,032.5 | 1,720.2 | 1,443.4 | 1,834.1 | 1,846.8 | 1,581.3 | 1,613.1 | 1,865.7 |
Revenue growth | 18.2% | 19.2% | -21.3% | -0.7% | 16.8% | -2.0% | -13.5% | -19.1% |
Cost of goods sold | 1,668.0 | 1,413.0 | 1,188.7 | 1,490.0 | 1,518.7 | 1,299.4 | 1,359.8 | 1,533.5 |
Gross profit | 364.5 | 307.2 | 254.7 | 344.1 | 328.1 | 281.9 | 253.3 | 332.2 |
Gross margin | 17.9% | 17.9% | 17.6% | 18.8% | 17.8% | 17.8% | 15.7% | 17.8% |
Selling, general and administrative | 457.5 | 260.7 | 216.1 | 235.7 | 251.6 | 245.3 | 270.4 | 316.9 |
EBITA | -119.3 | 20.3 | -1.5 | 59.6 | 76.5 | 36.5 | -19.7 | 15.3 |
EBITA margin | -5.9% | 1.2% | -0.1% | 3.2% | 4.1% | 2.3% | -1.2% | 0.8% |
Amortization of intangibles | | | | | 0.3 | 0.8 | 3.0 | 3.0 |
EBIT | -119.3 | 20.3 | -1.5 | 59.6 | 76.2 | 35.7 | -22.7 | 12.3 |
EBIT margin | -5.9% | 1.2% | -0.1% | 3.2% | 4.1% | 2.3% | -1.4% | 0.7% |
Pre-tax income | -120.2 | 17.1 | -2.0 | 59.0 | -71.7 | -39.5 | -268.1 | -111.0 |
Income taxes | 3.4 | 6.1 | 17.1 | 12.4 | -4.8 | -49.5 | 100.5 | -41.1 |
Tax rate | | 35.7% | | 21.0% | 6.7% | 125.3% | | 37.0% |
Net income | -123.6 | 11.0 | -19.1 | 46.6 | -66.9 | 10.0 | -375.8 | 65.5 |
Net margin | -6.1% | 0.6% | -1.3% | 2.5% | -3.6% | 0.6% | -23.3% | 3.5% |
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Diluted EPS | ($3.51) | $0.31 | ($0.55) | $1.31 | ($1.88) | $0.28 | ($10.91) | $1.93 |
Shares outstanding (diluted) | 35.2 | 35.5 | 34.7 | 35.6 | 35.5 | 35.9 | 34.4 | 34.0 |
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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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