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 | 3,125.0 | 2,892.6 | 2,590.3 | 2,820.0 | 2,699.5 | 2,911.9 | 2,692.6 | 2,574.0 |
Revenue growth | 8.0% | 11.7% | -8.1% | 4.5% | -7.3% | 8.1% | 4.6% | 4.5% |
Cost of goods sold | 2,598.8 | 2,428.0 | 2,171.5 | 2,368.7 | 2,288.4 | 2,529.8 | 2,321.4 | 2,233.0 |
Gross profit | 526.2 | 464.6 | 418.8 | 451.3 | 411.1 | 382.1 | 371.2 | 341.0 |
Gross margin | 16.8% | 16.1% | 16.2% | 16.0% | 15.2% | 13.1% | 13.8% | 13.2% |
Selling, general and administrative | 405.6 | 368.1 | 345.7 | 338.6 | 324.4 | 300.9 | 287.2 | 262.5 |
EBITA | 121.8 | 97.7 | 74.3 | 113.9 | 88.1 | 82.7 | 85.2 | 79.3 |
EBITA margin | 3.9% | 3.4% | 2.9% | 4.0% | 3.3% | 2.8% | 3.2% | 3.1% |
Amortization of intangibles | 1.2 | 1.2 | 1.2 | 1.3 | 1.5 | 1.6 | 1.3 | 0.7 |
EBIT | 120.6 | 96.5 | 73.1 | 112.7 | 86.7 | 81.2 | 83.9 | 78.6 |
EBIT margin | 3.9% | 3.3% | 2.8% | 4.0% | 3.2% | 2.8% | 3.1% | 3.1% |
Pre-tax income | 121.6 | 96.5 | 73.2 | 112.7 | 88.7 | 77.6 | 80.5 | 78.5 |
Income taxes | 32.4 | 26.6 | 17.4 | 30.6 | 24.1 | 22.8 | 32.3 | 31.6 |
Tax rate | 26.7% | 27.6% | 23.8% | 27.1% | 27.1% | 29.3% | 40.2% | 40.3% |
Net income | 89.2 | 69.9 | 55.8 | 82.1 | 64.6 | 54.9 | 48.1 | 46.8 |
Net margin | 2.9% | 2.4% | 2.2% | 2.9% | 2.4% | 1.9% | 1.8% | 1.8% |
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Diluted EPS | $3.37 | $2.65 | $2.12 | $3.10 | $2.41 | $2.04 | $1.80 | $1.76 |
Shares outstanding (diluted) | 26.4 | 26.4 | 26.3 | 26.5 | 26.9 | 26.9 | 26.7 | 26.6 |
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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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