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 | 3,548.3 | 3,075.7 | 2,812.1 | 3,291.8 | 3,179.1 | 2,885.2 | 2,569.7 | 2,578.1 |
Revenue growth | 15.4% | 9.4% | -14.6% | 3.5% | 10.2% | 12.3% | -0.3% | -6.8% |
Cost of goods sold | 3,114.4 | 2,712.3 | 2,346.7 | 2,750.0 | 2,682.1 | 2,382.6 | 2,142.2 | 2,147.3 |
Gross profit | 433.9 | 363.4 | 465.4 | 541.8 | 497.0 | 502.6 | 427.5 | 430.8 |
Gross margin | 12.2% | 11.8% | 16.5% | 16.5% | 15.6% | 17.4% | 16.6% | 16.7% |
Selling, general and administrative | 473.0 | 450.1 | 415.5 | 487.9 | 458.2 | 428.5 | 394.6 | 327.3 |
EBIT | -28.1 | -75.0 | 56.5 | 63.2 | 48.8 | 102.1 | 40.0 | 109.6 |
EBIT margin | -0.8% | -2.4% | 2.0% | 1.9% | 1.5% | 3.5% | 1.6% | 4.3% |
Pre-tax income | -62.4 | -154.9 | 42.2 | 47.9 | 36.6 | 93.8 | 38.3 | 104.5 |
Income taxes | 9.2 | 28.3 | 3.7 | 11.3 | 2.3 | 44.9 | -4.0 | 29.4 |
Tax rate | | | 8.8% | 23.6% | 6.3% | 47.9% | | 28.1% |
Net income | -71.6 | -183.2 | 38.5 | 35.8 | 34.7 | 48.6 | 42.8 | 74.7 |
Net margin | -2.0% | -6.0% | 1.4% | 1.1% | 1.1% | 1.7% | 1.7% | 2.9% |
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Diluted EPS | ($4.24) | ($10.89) | $2.29 | $2.14 | $2.09 | $2.94 | $2.61 | $4.57 |
Shares outstanding (diluted) | 16.9 | 16.8 | 16.8 | 16.7 | 16.6 | 16.5 | 16.4 | 16.4 |
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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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