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 | 4,581.1 | 4,009.5 | 3,502.1 | 3,415.6 | 3,399.8 | 2,626.0 | 2,440.4 | 2,065.0 |
| Revenue growth | 14.3% | 14.5% | 2.5% | 0.5% | 29.5% | 7.6% | 18.2% | 19.7% |
| Cost of goods sold | 3,211.5 | 2,867.1 | 2,554.9 | 2,444.1 | 2,376.1 | 1,775.9 | 1,645.2 | 1,386.3 |
| Gross profit | 1,369.6 | 1,142.4 | 947.2 | 971.5 | 1,023.7 | 850.1 | 795.2 | 678.7 |
| Gross margin | 29.9% | 28.5% | 27.0% | 28.4% | 30.1% | 32.4% | 32.6% | 32.9% |
| Selling, general and administrative | 895.0 | 735.8 | 615.0 | 645.0 | 705.0 | 592.0 | 565.8 | 492.2 |
| EBITA | 474.6 | 406.6 | 332.2 | 326.5 | 318.7 | 258.1 | 229.4 | 186.6 |
| EBITA margin | 10.4% | 10.1% | 9.5% | 9.6% | 9.4% | 9.8% | 9.4% | 9.0% |
| Amortization of intangibles | 65.1 | 55.7 | 51.0 | 50.3 | 58.5 | 33.4 | 39.6 | 34.5 |
| EBIT | 409.5 | 350.9 | 281.2 | 276.2 | 260.2 | 224.7 | 189.7 | 152.1 |
| EBIT margin | 8.9% | 8.8% | 8.0% | 8.1% | 7.7% | 8.6% | 7.8% | 7.4% |
| Pre-tax income | 363.6 | 313.4 | 241.5 | 204.4 | 204.2 | 197.1 | 157.4 | 121.9 |
| Income taxes | 96.7 | 81.6 | 63.9 | 54.7 | 46.2 | 39.2 | 60.2 | 50.5 |
| Tax rate | 26.6% | 26.0% | 26.5% | 26.8% | 22.6% | 19.9% | 38.2% | 41.4% |
| Earnings from continuing ops | 266.9 | 409.9 | 200.3 | 174.7 | 158.0 | 157.9 | 97.2 | 71.4 |
| Earnings from discontinued ops | 1.2 | 178.1 | 22.7 | 25.0 | | | | 25.7 |
| Net income | 268.1 | 409.9 | 200.3 | 174.7 | 157.7 | 157.7 | 97.2 | 97.7 |
| Net margin | 5.9% | 10.2% | 5.7% | 5.1% | 4.6% | 6.0% | 4.0% | 4.7% |
| |
| Diluted EPS | $5.20 | $7.66 | $3.76 | $3.27 | $2.98 | $2.97 | $1.81 | $1.35 |
| Shares outstanding (diluted) | 51.3 | 53.5 | 53.3 | 53.4 | 53.1 | 53.2 | 53.7 | 53.0 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|