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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: |
| Residential | 2,911.9 | 2,456.8 | 1,556.5 | 1,143.7 | 1,042.7 | 870.5 | | 673.8 |
| Commercial & Industrial | 1,260.7 | 999.0 | 701.8 | 871.6 | 820.3 | 684.4 | | 548.4 |
| Other | 392.1 | 281.4 | 226.9 | 189.0 | 160.5 | 124.5 | | 95.1 |
| Total revenues | 4,564.7 | 3,737.2 | 2,485.2 | 2,204.3 | 2,023.5 | 1,679.4 | 1,447.7 | 1,317.3 |
| Revenue growth [+] | 22.1% | 50.4% | 12.7% | 8.9% | 20.5% | 16.0% | 9.9% | -9.8% |
| Residential | 18.5% | 57.8% | 36.1% | 9.7% | 19.8% | | | -6.7% |
| Commercial & Industrial | 26.2% | 42.4% | -19.5% | 6.3% | 19.9% | | | -15.9% |
| Other | 39.3% | 24.0% | 20.1% | 17.8% | 28.8% | | | 9.9% |
| Cost of goods sold | 3,042.7 | 2,377.1 | 1,527.5 | 1,406.6 | 1,298.4 | 1,094.6 | 935.3 | 857.3 |
| Gross profit | 1,522.0 | 1,360.1 | 957.7 | 797.8 | 725.0 | 584.8 | 512.4 | 460.0 |
| Gross margin | 33.3% | 36.4% | 38.5% | 36.2% | 35.8% | 34.8% | 35.4% | 34.9% |
| Selling, general and administrative [+] | 691.1 | 463.3 | 364.6 | 326.7 | 295.7 | 262.4 | 239.6 | 183.2 |
| Sales and marketing | 496.3 | 319.0 | 246.4 | 217.7 | 191.9 | 174.8 | 164.9 | 130.2 |
| General and administrative | 194.9 | 144.3 | 118.2 | 109.0 | 103.8 | 87.6 | 74.7 | 52.9 |
| Research and development | 159.8 | 104.3 | 80.3 | 68.4 | 50.0 | 42.9 | 37.2 | 32.9 |
| Other operating expenses | | | | 10.9 | | | 33.0 | 23.6 |
| EBITDA [+] | 723.9 | 834.6 | 549.3 | 424.0 | 404.6 | 302.6 | 257.2 | 260.6 |
| EBITDA growth | -13.3% | 51.9% | 29.5% | 4.8% | 33.7% | 17.7% | -1.3% | -20.6% |
| EBITDA margin | 15.9% | 22.3% | 22.1% | 19.2% | 20.0% | 18.0% | 17.8% | 19.8% |
| Depreciation | 52.8 | 42.2 | 36.5 | 32.3 | 25.3 | 23.1 | 21.5 | 16.7 |
| EBITA | 671.1 | 792.5 | 512.8 | 391.7 | 379.3 | 279.5 | 235.7 | 243.8 |
| EBITA margin | 14.7% | 21.2% | 20.6% | 17.8% | 18.7% | 16.6% | 16.3% | 18.5% |
| Amortization of intangibles | 103.3 | 49.9 | 32.3 | 28.6 | 22.1 | 28.9 | 33.0 | 23.6 |
| EBIT [+] | 567.8 | 742.6 | 480.5 | 363.1 | 357.2 | 250.6 | 202.8 | 220.2 |
| EBIT growth | -23.5% | 54.5% | 32.3% | 1.7% | 42.5% | 23.6% | -7.9% | -24.9% |
| EBIT margin | 12.4% | 19.9% | 19.3% | 16.5% | 17.7% | 14.9% | 14.0% | 16.7% |
| Non-recurring items [+] | 1.5 | 21.5 | 1.4 | -9.1 | | | | 40.7 |
| Asset impairment | | | | | | | | 40.7 |
| Pension curtailments and settlements | | | | -10.9 | | | | |
| Interest expense, net [+] | 53.7 | 31.5 | 30.8 | 38.8 | 39.1 | 42.4 | 44.5 | 42.7 |
| Interest expense | 54.8 | 33.0 | 33.0 | 41.5 | 41.0 | 42.7 | 44.6 | 42.8 |
| Interest income | 1.1 | 1.4 | 2.2 | 2.8 | 1.9 | 0.3 | 0.0 | 0.1 |
| Other income (expense), net [+] | -4.2 | 1.9 | -2.1 | -13.8 | -7.0 | -4.6 | -4.5 | -13.9 |
| Acquisition-related costs | | | | | | | | -1.2 |
| Gain (loss) on debt retirement | -3.7 | -0.8 | | -0.9 | -1.3 | | -0.6 | -4.8 |
| Write-off of deferred debt issuance costs | -3.7 | -0.8 | | -0.9 | -1.3 | | -0.6 | -4.8 |
| Other | -0.4 | 2.8 | -2.1 | -1.9 | -5.7 | -4.6 | -1.0 | -5.5 |
| Pre-tax income | 508.5 | 691.5 | 446.2 | 319.6 | 311.1 | 203.7 | 153.7 | 123.0 |
| Income taxes | 99.6 | 135.0 | 99.0 | 67.3 | 69.9 | 44.1 | 56.5 | 45.2 |
| Tax rate | 19.6% | 19.5% | 22.2% | 21.1% | 22.5% | 21.7% | 36.8% | 36.8% |
| Minority interest | 9.4 | 6.1 | -3.4 | 0.3 | 3.0 | 1.7 | 0.0 | |
| Net income | 399.5 | 550.5 | 350.6 | 252.0 | 238.3 | 157.8 | 97.2 | 77.7 |
| Net margin | 8.8% | 14.7% | 14.1% | 11.4% | 11.8% | 9.4% | 6.7% | 5.9% |
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| Basic EPS [+] | $6.33 | $8.78 | $5.63 | $4.07 | $3.86 | $2.54 | $1.50 | $1.14 |
| Growth | -27.9% | 56.0% | 38.3% | 5.3% | 51.9% | 69.9% | 31.1% | -55.2% |
| Diluted EPS [+] | $6.18 | $8.57 | $5.50 | $4.01 | $3.83 | $2.52 | $1.49 | $1.12 |
| Growth | -27.9% | 55.8% | 37.2% | 4.7% | 52.0% | 69.5% | 32.3% | -54.9% |
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| Dividends per share [+] | $0.00 | | | $0.00 | $0.01 | | $0.00 | $0.02 |
| Growth | | | -100.0% | -9.6% | | -100.0% | -94.4% | 60.2% |
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| Shares outstanding (basic) [+] | 63.1 | 62.7 | 62.3 | 61.9 | 61.7 | 62.0 | 64.9 | 68.1 |
| Growth | 0.7% | 0.7% | 0.6% | 0.4% | -0.6% | -4.4% | -4.7% | -0.6% |
| Shares outstanding (diluted) [+] | 64.7 | 64.3 | 63.7 | 62.9 | 62.2 | 62.6 | 65.4 | 69.2 |
| Growth | 0.7% | 0.8% | 1.4% | 1.0% | -0.7% | -4.2% | -5.5% | -1.4% |
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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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