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: |
Autocam Precision Components | | | | | | | | 328.3 |
Other | | | | | | | | 77.2 |
Total revenues | 498.7 | 477.6 | 427.5 | 489.5 | 524.2 | 619.8 | 585.0 | 405.4 |
Revenue growth [+] | 4.4% | 11.7% | -12.7% | -6.6% | -15.4% | 6.0% | 44.3% | -17.0% |
Autocam Precision Components | | | | | | | | 85.2% |
Cost of goods sold | 421.1 | 390.0 | 343.6 | 392.5 | 414.1 | 460.8 | 428.8 | 320.6 |
Gross profit | 77.6 | 87.6 | 83.9 | 97.0 | 110.1 | 159.0 | 156.1 | 84.8 |
Gross margin | 15.6% | 18.3% | 19.6% | 19.8% | 21.0% | 25.7% | 26.7% | 20.9% |
Selling, general and administrative | 49.6 | 51.5 | 58.1 | 68.9 | 72.8 | 74.1 | 64.1 | 34.9 |
Equity in earnings | 6.6 | 6.3 | 3.6 | 1.7 | -14.4 | 5.2 | 5.9 | 5.0 |
Other operating expenses | 7.1 | 5.9 | 4.7 | 0.8 | 6.8 | 0.4 | 6.5 | 5.2 |
EBITDA [+] | 27.5 | 36.4 | 24.8 | 29.0 | 16.1 | 89.7 | 91.4 | 49.7 |
EBITDA growth | -24.6% | 47.0% | -14.5% | 79.7% | -82.0% | -1.9% | 83.9% | -17.0% |
EBITDA margin | 5.5% | 7.6% | 5.8% | 5.9% | 3.1% | 14.5% | 15.6% | 12.3% |
Depreciation | 31.4 | 31.8 | 45.7 | 44.9 | 43.0 | 52.4 | 50.7 | 33.0 |
EBITA | -3.9 | 4.6 | -20.9 | -15.9 | -26.9 | 37.3 | 40.7 | 16.7 |
EBITA margin | -0.8% | 1.0% | -4.9% | -3.3% | -5.1% | 6.0% | 7.0% | 4.1% |
Amortization of intangibles | 15.8 | 14.3 | | | | | | |
EBIT [+] | -19.8 | -9.8 | -20.9 | -15.9 | -26.9 | 37.3 | 40.7 | 16.7 |
EBIT growth | 102.7% | -53.3% | 31.3% | -40.8% | -172.0% | -8.3% | 143.2% | -55.7% |
EBIT margin | -4.0% | -2.0% | -4.9% | -3.3% | -5.1% | 6.0% | 7.0% | 4.1% |
Non-recurring items [+] | -5.3 | -7.0 | 92.9 | | 182.5 | 0.3 | | 11.7 |
Asset impairment | | | 92.9 | | 182.5 | | | |
Unusual expense | -5.3 | -7.0 | | | | | | |
Interest expense | 15.0 | 12.7 | 18.9 | 13.0 | 11.3 | 52.1 | 62.9 | 29.6 |
Interest expense | 15.0 | 12.7 | 18.9 | 13.0 | 11.3 | 52.1 | 62.9 | 29.6 |
Other income (expense), net [+] | -1.5 | -7.0 | -19.4 | -3.2 | 12.4 | -45.1 | -8.7 | -24.7 |
Gain (loss) on debt retirement | | -2.4 | -0.1 | -0.5 | | -42.1 | -2.6 | -19.2 |
Gain (loss) on derivative instruments | | | | | | -0.1 | 0.6 | |
Other | 5.1 | 5.4 | 0.2 | -1.0 | -2.0 | 2.1 | 2.9 | -0.5 |
Pre-tax income | -31.1 | -22.4 | -152.1 | -32.1 | -208.4 | -60.2 | -30.9 | -49.2 |
Income taxes | 1.6 | -1.8 | -9.0 | 0.3 | -1.5 | -79.5 | -15.4 | -19.8 |
Tax rate | | 7.8% | 5.9% | | 0.7% | 132.1% | 50.0% | 40.3% |
Earnings from continuing ops | -26.1 | -28.9 | -279.0 | -30.7 | -221.2 | 24.5 | -19.0 | -48.8 |
Earnings from discontinued ops | | 1.2 | 38.9 | -16.0 | -41.8 | 137.7 | 16.2 | 17.9 |
Net income | -26.1 | -27.7 | -240.1 | -46.7 | -263.0 | 162.2 | -2.8 | -30.9 |
Net margin | -5.2% | -5.8% | -56.2% | -9.5% | -50.2% | 26.2% | -0.5% | -7.6% |
|
Basic EPS [+] | ($0.58) | ($0.66) | ($6.61) | ($0.73) | ($6.98) | $0.89 | ($0.70) | ($2.30) |
Growth | -10.9% | -90.1% | 803.6% | -89.5% | -880.4% | -227.4% | -69.5% | -601.0% |
Diluted EPS [+] | ($0.58) | ($0.66) | ($6.61) | ($0.73) | ($6.98) | $0.88 | ($0.70) | ($2.30) |
Growth | -10.9% | -90.1% | 803.6% | -89.5% | -889.5% | -225.9% | -69.5% | -611.3% |
|
Dividends per share [+] | | | | $0.21 | $0.28 | $0.28 | $0.28 | $0.28 |
Growth | | | -100.0% | -25.0% | 0.0% | 0.0% | 0.0% | 0.0% |
|
Shares outstanding (basic) [+] | 44.7 | 44.0 | 42.2 | 42.0 | 31.7 | 27.4 | 27.0 | 21.2 |
Growth | 1.5% | 4.3% | 0.4% | 32.7% | 15.5% | 1.5% | 27.5% | 18.4% |
Shares outstanding (diluted) [+] | 44.7 | 44.0 | 42.2 | 42.0 | 31.7 | 27.8 | 27.0 | 21.2 |
Growth | 1.5% | 4.3% | 0.4% | 32.7% | 14.1% | 2.7% | 27.5% | 16.0% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |