Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Machine Clothing | 609.5 | 619.0 | 573.0 | 601.3 | 611.9 | 590.4 | | |
| Switzerland | 119.1 | 128.7 | 128.3 | 146.6 | 157.3 | 147.6 | 145.5 | 159.8 |
| Brazil | 66.2 | 62.9 | 60.3 | 64.7 | 62.1 | 60.5 | 60.3 | 58.8 |
| Other | 240.2 | 118.6 | 139.1 | 241.6 | 151.2 | 65.2 | 574.1 | 491.2 |
| Total revenues | 1,034.9 | 929.2 | 900.6 | 1,054.1 | 982.5 | 863.7 | 779.8 | 709.9 |
| Revenue growth [+] | 11.4% | 3.2% | -14.6% | 7.3% | 13.8% | 10.8% | 9.9% | -4.8% |
| Machine Clothing | -1.5% | 8.0% | -4.7% | -1.7% | 3.6% | | | |
| Switzerland | -7.5% | 0.3% | -12.4% | -6.8% | 6.6% | 1.5% | -9.0% | -13.2% |
| Brazil | 5.2% | 4.4% | -6.8% | 4.1% | 2.6% | 0.4% | 2.4% | -0.8% |
| Cost of goods sold | 645.1 | 550.8 | 529.5 | 656.4 | 632.7 | 567.4 | 478.6 | 445.2 |
| Gross profit | 389.8 | 378.4 | 371.1 | 397.7 | 349.7 | 296.3 | 301.3 | 264.7 |
| Gross margin | 37.7% | 40.7% | 41.2% | 37.7% | 35.6% | 34.3% | 38.6% | 37.3% |
| Selling, general and administrative | 168.7 | 160.1 | 163.9 | 163.7 | 156.2 | 162.9 | 158.4 | 146.2 |
| Equity in earnings | | | | | | | | |
| Other operating expenses | 39.9 | 38.9 | 35.3 | 37.6 | 38.4 | 26.5 | 40.3 | 30.8 |
| EBITDA [+] | 250.2 | 253.6 | 244.5 | 267.3 | 234.2 | 178.8 | 170.1 | 147.9 |
| EBITDA growth | -1.3% | 3.7% | -8.5% | 14.1% | 31.0% | 5.1% | 15.0% | 3.7% |
| EBITDA margin | 24.2% | 27.3% | 27.2% | 25.4% | 23.8% | 20.7% | 21.8% | 20.8% |
| Depreciation | 64.2 | 67.1 | 63.3 | 62.1 | 68.8 | 61.5 | 58.1 | 53.0 |
| EBITA | 186.0 | 186.5 | 181.2 | 205.2 | 165.4 | 117.3 | 112.0 | 94.9 |
| EBITA margin | 18.0% | 20.1% | 20.1% | 19.5% | 16.8% | 13.6% | 14.4% | 13.4% |
| Amortization of intangibles | 4.8 | 7.2 | 9.4 | 8.7 | 10.2 | 10.4 | 9.4 | 7.1 |
| EBIT [+] | 181.1 | 179.3 | 171.8 | 196.5 | 155.2 | 106.9 | 102.6 | 87.7 |
| EBIT growth | 1.0% | 4.4% | -12.6% | 26.6% | 45.2% | 4.1% | 17.0% | 12.1% |
| EBIT margin | 17.5% | 19.3% | 19.1% | 18.6% | 15.8% | 12.4% | 13.2% | 12.4% |
| Non-recurring items [+] | 0.1 | 1.3 | 5.7 | 2.9 | 17.8 | 28.2 | 8.5 | 23.8 |
| Asset impairment | | | | | 2.2 | | | |
| Interest expense, net [+] | 14.0 | 14.9 | 13.6 | 16.9 | 18.1 | 17.1 | 13.5 | 10.0 |
| Interest expense | 17.8 | 17.4 | 16.3 | 19.7 | 20.2 | 18.6 | 15.5 | 11.8 |
| Interest income | 3.8 | 2.5 | 2.7 | 2.7 | 2.1 | 1.5 | 2.1 | 1.9 |
| Other income (expense), net | -35.0 | 2.8 | -13.4 | 1.6 | -4.0 | -6.9 | -2.4 | -2.4 |
| Pre-tax income | 132.0 | 165.9 | 139.1 | 178.2 | 115.2 | 54.7 | 78.3 | 51.5 |
| Income taxes | 35.5 | 47.2 | 41.8 | 44.8 | 32.2 | 22.1 | 25.5 | -5.8 |
| Tax rate | 26.9% | 28.4% | 30.1% | 25.2% | 28.0% | 40.4% | 32.5% | |
| Minority interest | 0.7 | 0.3 | -1.3 | 1.0 | 0.1 | -0.5 | 0.1 | 0.0 |
| Net income | 95.8 | 118.5 | 98.6 | 132.4 | 82.9 | 33.1 | 52.7 | 57.3 |
| Net margin | 9.3% | 12.7% | 10.9% | 12.6% | 8.4% | 3.8% | 6.8% | 8.1% |
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| Basic EPS [+] | $3.06 | $3.66 | $3.05 | $4.10 | $2.57 | $1.03 | $1.64 | $1.79 |
| Growth | -16.6% | 20.1% | -25.6% | 59.5% | 149.7% | -37.4% | -8.2% | 37.2% |
| Diluted EPS [+] | $3.04 | $3.65 | $3.05 | $4.10 | $2.57 | $1.03 | $1.64 | $1.79 |
| Growth | -16.6% | 19.8% | -25.6% | 59.6% | 149.9% | -37.4% | -8.2% | 37.4% |
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| Dividends per share [+] | $0.88 | $0.81 | $0.77 | $0.73 | $0.69 | $0.68 | $0.68 | $0.67 |
| Growth | 8.6% | 5.2% | 5.5% | 5.8% | 1.5% | 0.0% | 1.5% | 6.3% |
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| Shares outstanding (basic) [+] | 31.3 | 32.3 | 32.3 | 32.3 | 32.3 | 32.2 | 32.1 | 32.0 |
| Growth | -3.1% | 0.1% | 0.1% | 0.1% | 0.3% | 0.3% | 0.3% | 0.5% |
| Shares outstanding (diluted) [+] | 31.5 | 32.5 | 32.4 | 32.3 | 32.3 | 32.2 | 32.2 | 32.1 |
| Growth | -3.1% | 0.3% | 0.1% | 0.1% | 0.2% | 0.2% | 0.3% | 0.3% |
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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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