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 | 241.7 | 0.0 | 128.4 | 141.0 | 135.4 | 104.8 | 111.1 | 148.0 |
Revenue growth | | -100.0% | -8.9% | 4.1% | 29.2% | -5.7% | -24.9% | -83.5% |
Cost of goods sold | 173.9 | 0.0 | 111.5 | 109.9 | 105.4 | 87.9 | 195.4 | 315.3 |
Gross profit | 67.8 | 0.0 | 17.0 | 31.1 | 30.0 | 16.9 | -84.3 | -167.3 |
Gross margin | 28.1% | | 13.2% | 22.1% | 22.1% | 16.1% | -75.9% | -113.1% |
Selling, general and administrative | 63.9 | 4.3 | 53.1 | 53.8 | 49.2 | 47.5 | 48.9 | 40.1 |
EBITA | 136.4 | -4.8 | 84.3 | -22.7 | -19.2 | -30.6 | 19.7 | -0.9 |
EBITA margin | 56.4% | | 65.6% | -16.1% | -14.2% | -29.2% | 17.7% | -0.6% |
Amortization of intangibles | 3.7 | | 2.6 | 2.6 | 3.0 | 2.1 | 2.5 | 2.6 |
EBIT | 132.7 | -4.8 | 81.7 | -25.3 | -22.3 | -32.7 | 17.2 | -3.5 |
EBIT margin | 54.9% | | 63.6% | -17.9% | -16.4% | -31.2% | 15.5% | -2.3% |
Pre-tax income | 87.7 | -5.1 | 14.3 | 43.4 | 42.2 | 29.1 | -6.7 | -7.2 |
Income taxes | 27.1 | -0.5 | -0.5 | 3.8 | 7.4 | 0.6 | -9.6 | -9.5 |
Tax rate | 30.9% | 9.0% | | 8.7% | 17.5% | 2.2% | 144.2% | 131.4% |
Earnings from continuing ops | 74.2 | 48.1 | 14.8 | 39.6 | 34.8 | 28.5 | 3.0 | 2.3 |
Earnings from discontinued ops | | | | | | 4.1 | | |
Net income | 74.2 | 48.1 | 14.8 | 39.6 | 34.8 | 30.3 | 29.6 | 22.0 |
Net margin | 30.7% | | 11.5% | 28.1% | 25.7% | 29.0% | 26.7% | 14.9% |
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Diluted EPS | $10.06 | $6.69 | $2.10 | $5.66 | $5.00 | $4.14 | $0.43 | $0.32 |
Shares outstanding (diluted) | 7.4 | 7.2 | 7.1 | 7.0 | 7.0 | 6.9 | 6.9 | 7.0 |
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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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