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 | 7,146.3 | 6,850.5 | 6,345.6 | 7,659.4 | 8,696.2 | 8,364.7 | 8,326.6 | 8,717.7 |
| Revenue growth | 4.3% | 8.0% | -17.2% | -11.9% | 4.0% | 0.5% | -4.5% | 17.7% |
| Cost of goods sold | 5,526.0 | 5,417.9 | 55.6 | 85.2 | 146.5 | 181.6 | 7,051.3 | 7,946.8 |
| Gross profit | 1,620.3 | 1,432.6 | 6,290.0 | 7,574.2 | 8,549.7 | 8,183.1 | 1,275.3 | 770.9 |
| Gross margin | 22.7% | 20.9% | 99.1% | 98.9% | 98.3% | 97.8% | 15.3% | 8.8% |
| Selling, general and administrative | 1,161.2 | 1,152.0 | 1,147.7 | 1,332.5 | 1,418.1 | 1,392.6 | 1,333.0 | 853.9 |
| EBITA | 413.5 | 230.1 | 104.8 | 72.2 | 44.0 | 39.0 | 90.0 | 130.7 |
| EBITA margin | 5.8% | 3.4% | 1.7% | 0.9% | 0.5% | 0.5% | 1.1% | 1.5% |
| Amortization of intangibles | | 4.7 | 4.8 | 5.0 | 6.9 | 4.2 | 3.4 | 5.9 |
| EBIT | 413.5 | 225.4 | 100.0 | 67.2 | 37.1 | 34.8 | 86.6 | 124.8 |
| EBIT margin | 5.8% | 3.3% | 1.6% | 0.9% | 0.4% | 0.4% | 1.0% | 1.4% |
| Pre-tax income | 431.9 | 250.4 | 51.8 | -28.1 | -4.7 | 9.5 | 60.6 | 63.1 |
| Income taxes | 0.0 | 52.9 | 8.8 | 0.7 | 5.5 | 11.4 | 19.8 | 18.2 |
| Tax rate | 0.0% | 21.1% | 17.0% | | | 120.0% | 32.7% | 28.8% |
| Net income | 337.9 | 197.5 | 43.0 | -28.8 | -10.2 | -1.9 | 40.8 | 44.9 |
| Net margin | 4.7% | 2.9% | 0.7% | -0.4% | -0.1% | 0.0% | 0.5% | 0.5% |
| |
| Diluted EPS | $23.29 | $12.31 | $2.61 | ($1.79) | ($0.64) | ($0.12) | $2.53 | $2.81 |
| Shares outstanding (diluted) | 14.5 | 16.1 | 16.5 | 16.1 | 15.8 | 15.7 | 16.2 | 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. |
|