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 | 1,491.3 | 1,084.7 | 916.5 | 927.7 | 866.3 | 800.4 | 761.2 | 1,666.7 |
Revenue growth | 37.5% | 18.4% | -1.2% | 7.1% | 8.2% | 5.1% | -54.3% | -7.9% |
Cost of goods sold | 1,342.5 | 939.9 | 768.6 | 780.1 | 735.9 | 656.8 | 629.5 | 1,463.8 |
Gross profit | 148.8 | 144.8 | 147.9 | 147.5 | 130.4 | 143.6 | 131.7 | 203.0 |
Gross margin | 10.0% | 13.3% | 16.1% | 15.9% | 15.1% | 17.9% | 17.3% | 12.2% |
Selling, general and administrative | 125.0 | 121.3 | 99.1 | 95.0 | 111.7 | 110.5 | 153.2 | 127.7 |
EBITA | 33.6 | 33.3 | 50.6 | 135.9 | 24.4 | 37.8 | -16.6 | 80.6 |
EBITA margin | 2.3% | 3.1% | 5.5% | 14.6% | 2.8% | 4.7% | -2.2% | 4.8% |
Amortization of intangibles | 9.8 | 9.8 | 8.0 | 8.0 | 5.7 | 4.8 | 4.9 | 5.3 |
EBIT | 23.8 | 23.5 | 42.6 | 127.9 | 18.7 | 33.1 | -21.4 | 75.3 |
EBIT margin | 1.6% | 2.2% | 4.6% | 13.8% | 2.2% | 4.1% | -2.8% | 4.5% |
Pre-tax income | -204.4 | 13.7 | 32.4 | -34.5 | 7.3 | 19.5 | -42.6 | 78.6 |
Income taxes | -10.3 | 7.0 | 11.6 | -9.2 | 7.7 | 25.1 | -28.4 | 14.0 |
Tax rate | 5.0% | 50.9% | 35.8% | 26.8% | 106.2% | 128.8% | 66.7% | 17.8% |
Earnings from continuing ops | -194.0 | 6.5 | 20.3 | -28.9 | 176.7 | -19.1 | -49.9 | 64.6 |
Earnings from discontinued ops | -0.1 | 0.2 | 0.5 | 3.7 | -177.2 | 13.5 | 35.7 | |
Net income | -194.1 | 6.7 | 20.8 | -25.2 | -0.4 | -5.6 | -14.2 | 64.6 |
Net margin | -13.0% | 0.6% | 2.3% | -2.7% | -0.1% | -0.7% | -1.9% | 3.9% |
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Diluted EPS | ($4.33) | $0.14 | $0.45 | ($0.65) | $4,037.38 | ($0.43) | ($1.13) | $1.47 |
Shares outstanding (diluted) | 44.8 | 44.9 | 44.6 | 44.1 | 0.0 | 44.4 | 44.1 | 43.9 |
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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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