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 | 2,080.1 | 1,772.6 | 1,868.6 | 1,761.5 | 1,724.2 | 1,730.4 | 1,734.8 | 1,752.4 |
Revenue growth | 17.3% | -5.1% | 6.1% | 2.2% | -0.4% | -0.3% | -1.0% | -10.9% |
Cost of goods sold | 1,823.4 | 1,590.0 | 1,574.4 | 1,597.0 | 1,536.7 | 1,521.2 | 1,493.6 | 1,512.8 |
Gross profit | 256.7 | 182.6 | 294.2 | 164.5 | 187.5 | 209.2 | 241.2 | 239.6 |
Gross margin | 12.3% | 10.3% | 15.7% | 9.3% | 10.9% | 12.1% | 13.9% | 13.7% |
Selling, general and administrative | 133.0 | 112.9 | 122.0 | 112.8 | 107.8 | 121.2 | 136.7 | 115.9 |
General and administrative | | | | | | | 8.5 | |
EBITA | 113.9 | 64.9 | 162.7 | 45.4 | 97.2 | 71.2 | 116.5 | 123.7 |
EBITA margin | 5.5% | 3.7% | 8.7% | 2.6% | 5.6% | 4.1% | 6.7% | 7.1% |
Amortization of intangibles | | 2.9 | 3.2 | | | | | |
EBIT | 113.9 | 62.0 | 159.5 | 45.4 | 97.2 | 71.2 | 116.5 | 123.7 |
EBIT margin | 5.5% | 3.5% | 8.5% | 2.6% | 5.6% | 4.1% | 6.7% | 7.1% |
Pre-tax income | 73.1 | -28.0 | 77.1 | -5.6 | -143.8 | 40.9 | 80.7 | 92.5 |
Income taxes | 27.0 | 7.7 | -21.1 | 2.3 | -10.3 | -56.4 | 31.1 | 36.5 |
Tax rate | 36.9% | | | | 7.2% | | 38.6% | 39.5% |
Net income | 0.0 | -35.7 | 98.2 | -7.9 | -133.5 | 97.3 | 49.6 | 56.0 |
Net margin | 0.0% | -2.0% | 5.3% | -0.4% | -7.7% | 5.6% | 2.9% | 3.2% |
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Diluted EPS | | ($2.13) | $5.87 | ($0.48) | ($8.10) | $5.88 | $2.90 | $2.97 |
Shares outstanding (diluted) | | 16.8 | 16.7 | 16.5 | 16.5 | 16.6 | 17.1 | 18.8 |
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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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