Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Jan-01-22 | Jan-02-21 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Jan-02-16 |
Revenues | 2,361.8 | 2,184.4 | 1,955.4 | 2,246.9 | 2,257.9 | 2,175.9 | 2,203.5 | 2,304.4 |
Revenue growth | 8.1% | 11.7% | -13.0% | -0.5% | 3.8% | -1.3% | -4.4% | 3.7% |
Cost of goods sold | 1,526.9 | 1,427.0 | 1,234.2 | 1,413.2 | 1,422.9 | 1,391.9 | 1,368.5 | 1,457.0 |
Gross profit | 834.9 | 757.4 | 721.2 | 833.8 | 835.0 | 784.0 | 835.0 | 847.4 |
Gross margin | 35.4% | 34.7% | 36.9% | 37.1% | 37.0% | 36.0% | 37.9% | 36.8% |
Selling, general and administrative | 723.4 | 665.6 | 620.9 | 680.0 | 691.1 | 671.8 | 667.7 | 672.1 |
EBITA | 118.0 | 98.2 | 105.2 | 160.0 | 150.5 | 156.6 | 174.3 | 182.8 |
EBITA margin | 5.0% | 4.5% | 5.4% | 7.1% | 6.7% | 7.2% | 7.9% | 7.9% |
Amortization of intangibles | 6.5 | 6.5 | 5.0 | 6.3 | 6.6 | 7.0 | 7.1 | 7.6 |
EBIT | 111.5 | 91.7 | 100.2 | 153.7 | 143.9 | 149.6 | 167.3 | 175.3 |
EBIT margin | 4.7% | 4.2% | 5.1% | 6.8% | 6.4% | 6.9% | 7.6% | 7.6% |
Pre-tax income | 146.4 | 78.3 | 54.4 | 142.7 | 118.7 | 70.6 | 128.9 | 157.2 |
Income taxes | 22.5 | 18.5 | 12.5 | 32.2 | 25.4 | -19.3 | 43.3 | 51.8 |
Tax rate | 15.4% | 23.6% | 23.0% | 22.6% | 21.4% | | 33.6% | 32.9% |
Net income | 123.9 | 59.8 | 41.9 | 110.5 | 93.4 | 89.8 | 85.6 | 105.4 |
Net margin | 5.2% | 2.7% | 2.1% | 4.9% | 4.1% | 4.1% | 3.9% | 4.6% |
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Diluted EPS | $2.94 | $1.36 | $0.97 | $2.54 | $2.11 | $2.00 | $1.88 | $2.32 |
Shares outstanding (diluted) | 42.2 | 44.0 | 43.0 | 43.5 | 44.3 | 44.8 | 45.5 | 45.4 |
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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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