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 |
| Revenues | 2,741.1 | 2,598.2 | 2,604.2 | 2,591.9 | 2,652.7 |
| Revenue growth | 5.5% | -0.2% | 0.5% | -2.3% | |
| Cost of goods sold | 1,890.1 | 1,601.6 | 1,559.4 | 1,522.1 | 1,570.6 |
| Gross profit | 851.0 | 996.6 | 1,044.8 | 1,069.8 | 1,082.1 |
| Gross margin | 31.0% | 38.4% | 40.1% | 41.3% | 40.8% |
| Selling, general and administrative | 797.6 | 826.8 | 835.7 | 858.6 | 883.8 |
| EBITA | 26.9 | 125.3 | 189.6 | 182.9 | 105.6 |
| EBITA margin | 1.0% | 4.8% | 7.3% | 7.1% | 4.0% |
| Amortization of intangibles | 90.2 | 96.7 | 98.2 | 93.7 | 91.2 |
| EBIT | -63.3 | 28.6 | 91.4 | 89.2 | 14.4 |
| EBIT margin | -2.3% | 1.1% | 3.5% | 3.4% | 0.5% |
| Pre-tax income | -185.5 | -149.5 | -29.3 | -76.3 | -224.7 |
| Income taxes | -16.2 | 25.3 | 9.2 | 32.7 | 14.4 |
| Tax rate | 8.7% | | | | |
| Net income | -169.3 | -174.8 | -38.5 | -109.0 | -239.1 |
| Net margin | -6.2% | -6.7% | -1.5% | -4.2% | -9.0% |
| |
| Diluted EPS | ($0.53) | ($0.60) | ($0.16) | ($0.45) | ($1.69) |
| Shares outstanding (diluted) | 320.2 | 290.4 | 243.2 | 243.2 | 141.3 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|