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 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| U.S. Regions | | 528.3 | 404.2 | 369.2 | 334.3 | 290.2 | | 306.1 |
| U.S. Federal | | 392.9 | 377.9 | 287.4 | 246.3 | 229.1 | | 127.6 |
| Non-solar DG | | 137.2 | 106.4 | 84.7 | 82.7 | 79.2 | | 61.6 |
| Integrated-PV | | | | | | 38.8 | | 40.1 |
| Other | | 157.2 | 143.8 | 125.6 | 123.8 | 79.8 | | 95.4 |
| Total revenues | 1,824.4 | 1,215.7 | 1,032.3 | 866.9 | 787.1 | 717.2 | 651.2 | 630.8 |
| Revenue growth [+] | 50.1% | 17.8% | 19.1% | 10.1% | 9.8% | 10.1% | 3.2% | 6.3% |
| U.S. Regions | | 30.7% | 9.5% | 10.4% | 15.2% | | | 16.2% |
| U.S. Federal | | 4.0% | 31.5% | 16.7% | 7.5% | | | 20.2% |
| Non-solar DG | | 29.0% | 25.7% | 2.5% | 4.3% | | | |
| Integrated-PV | | | | | | | | -21.7% |
| Canada | | 3.5% | 26.1% | -2.7% | -11.0% | | | -30.2% |
| Cost of goods sold | 1,533.6 | 985.3 | 844.7 | 698.8 | 613.5 | 573.0 | 516.9 | 513.8 |
| Gross profit | 290.8 | 230.4 | 187.5 | 168.1 | 173.6 | 144.2 | 134.3 | 117.1 |
| Gross margin | 15.9% | 18.9% | 18.2% | 19.4% | 22.1% | 20.1% | 20.6% | 18.6% |
| Selling, general and administrative [+] | 157.8 | 134.9 | 116.1 | 116.5 | 114.5 | 107.6 | 110.6 | 110.0 |
| General and administrative | | | | | | 107.6 | 110.6 | 110.0 |
| Other selling, general and administrative | | | | | | | | |
| EBITDA [+] | 137.5 | 98.9 | 75.5 | 55.5 | 62.3 | 40.4 | 29.2 | 14.5 |
| EBITDA growth | 39.0% | 31.0% | 36.0% | -10.9% | 54.1% | 38.7% | 101.5% | -30.9% |
| EBITDA margin | 7.5% | 8.1% | 7.3% | 6.4% | 7.9% | 5.6% | 4.5% | 2.3% |
| Depreciation | 2.7 | 3.1 | 3.3 | 3.0 | 2.2 | 2.4 | 3.0 | 3.3 |
| EBITA | 134.9 | 95.8 | 72.2 | 52.5 | 60.2 | 38.0 | 26.1 | 11.2 |
| EBITA margin | 7.4% | 7.9% | 7.0% | 6.1% | 7.6% | 5.3% | 4.0% | 1.8% |
| Amortization of intangibles | 1.9 | 0.3 | 0.7 | 0.9 | 1.1 | 1.5 | 2.4 | 4.2 |
| EBIT [+] | 133.0 | 95.4 | 71.5 | 51.6 | 59.1 | 36.6 | 23.8 | 7.1 |
| EBIT growth | 39.4% | 33.5% | 38.5% | -12.7% | 61.5% | 53.9% | 236.9% | -46.3% |
| EBIT margin | 7.3% | 7.9% | 6.9% | 6.0% | 7.5% | 5.1% | 3.7% | 1.1% |
| Interest expense | | 14.5 | 13.3 | 13.2 | 15.3 | 9.1 | 7.1 | 5.3 |
| Other income (expense), net | -27.3 | -2.7 | -1.7 | -1.9 | -1.4 | 1.2 | -0.3 | -1.5 |
| Pre-tax income | 105.7 | 78.1 | 56.4 | 36.6 | 42.4 | 28.7 | 16.4 | 0.3 |
| Income taxes | 7.2 | -2.0 | -0.5 | -3.7 | 4.8 | -4.8 | 4.4 | 5.0 |
| Tax rate | 6.8% | | | | 11.4% | | 26.7% | 1704.1% |
| Minority interest | | 9.7 | 2.9 | -4.1 | -0.4 | -4.0 | 0.0 | -5.5 |
| Net income | 94.9 | 70.5 | 54.1 | 44.4 | 38.0 | 37.5 | 12.0 | 0.8 |
| Net margin | 5.2% | 5.8% | 5.2% | 5.1% | 4.8% | 5.2% | 1.8% | 0.1% |
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| Basic EPS [+] | $1.83 | $1.39 | $1.13 | $0.95 | $0.83 | $0.82 | $0.26 | $0.02 |
| Growth | 32.2% | 22.3% | 18.8% | 14.8% | 0.8% | 217.8% | 1328.2% | -91.9% |
| Diluted EPS [+] | $1.78 | $1.35 | $1.10 | $0.93 | $0.81 | $0.82 | $0.26 | $0.02 |
| Growth | 32.2% | 22.2% | 18.6% | 14.7% | -1.0% | 216.7% | 1361.5% | -92.0% |
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| Shares outstanding (basic) [+] | 51.8 | 50.9 | 47.7 | 46.6 | 45.7 | 45.5 | 46.4 | 46.5 |
| Growth | 1.9% | 6.6% | 2.4% | 1.9% | 0.5% | -1.9% | -0.2% | 0.7% |
| Shares outstanding (diluted) [+] | 53.3 | 52.3 | 49.0 | 47.8 | 46.8 | 45.7 | 46.5 | 47.7 |
| Growth | 1.9% | 6.7% | 2.6% | 2.0% | 2.4% | -1.6% | -2.5% | 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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