Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-05-17 | Dec-31-16 |
Revenues | 1,642.0 | 1,760.3 | 1,840.8 | 2,002.6 | 2,002.6 | 1,861.2 | 1,866.1 | 1,562.7 |
Revenue growth | -6.7% | -4.4% | -8.1% | 7.6% | 7.3% | 19.1% | | 8.8% |
Cost of goods sold | 1,415.1 | 1,492.3 | 1,612.9 | 1,768.2 | 1,768.2 | 1,610.6 | 1,612.5 | 1,339.5 |
Gross profit | 226.9 | 268.0 | 227.9 | 234.4 | 234.4 | 250.6 | 253.6 | 223.2 |
Gross margin | 13.8% | 15.2% | 12.4% | 11.7% | 11.7% | 13.5% | 13.6% | 14.3% |
Selling, general and administrative | 173.1 | 150.8 | 150.0 | 136.6 | 136.6 | 126.7 | 126.7 | 105.4 |
EBITA | 78.1 | 134.8 | 92.8 | 107.4 | 97.8 | 127.8 | 126.9 | 120.5 |
EBITA margin | 4.8% | 7.7% | 5.0% | 5.4% | 4.9% | 6.9% | 6.8% | 7.7% |
Amortization of intangibles | 4.4 | 4.2 | 4.2 | 4.4 | | 3.9 | | 2.7 |
EBIT | 73.7 | 130.6 | 88.6 | 103.0 | 97.8 | 123.9 | 126.9 | 117.8 |
EBIT margin | 4.5% | 7.4% | 4.8% | 5.1% | 4.9% | 6.7% | 6.8% | 7.5% |
Pre-tax income | 61.8 | 129.2 | 85.1 | 99.9 | 99.9 | 133.0 | 133.0 | 120.4 |
Income taxes | 16.0 | 30.5 | 20.5 | 16.4 | 16.4 | 44.7 | 44.7 | 43.0 |
Tax rate | 25.8% | 23.6% | 24.1% | 16.4% | 16.4% | 33.6% | 33.6% | 35.7% |
Net income | 45.9 | 98.7 | 64.6 | 83.5 | 83.5 | 88.2 | 88.2 | 77.4 |
Net margin | 2.8% | 5.6% | 3.5% | 4.2% | 4.2% | 4.7% | 4.7% | 5.0% |
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Diluted EPS | $0.61 | $1.32 | $0.87 | $1.12 | $1.12 | $1.19 | $1.19 | $1.05 |
Shares outstanding (diluted) | 75.0 | 74.8 | 74.6 | 74.6 | 74.6 | 74.3 | 74.3 | 73.5 |
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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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