Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-25-21 | Dec-26-20 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Dec-26-15 |
Revenues | 2,222.7 | 2,196.7 | 1,851.8 | 1,329.1 | 995.6 | 863.0 | 969.0 | 959.9 |
Revenue growth | 1.2% | 18.6% | 39.3% | 33.5% | 15.4% | -10.9% | 0.9% | 6.3% |
Cost of goods sold | 1,228.3 | 1,259.8 | 922.0 | 635.7 | 483.4 | 413.1 | 446.8 | 458.3 |
Gross profit | 994.3 | 936.8 | 929.8 | 693.5 | 512.2 | 449.9 | 522.2 | 501.6 |
Gross margin | 44.7% | 42.6% | 50.2% | 52.2% | 51.4% | 52.1% | 53.9% | 52.3% |
Sales and marketing | 578.4 | 607.0 | 447.6 | 355.6 | 304.9 | 258.6 | 244.2 | 273.6 |
General and administrative | | | | | 90.9 | 73.1 | 78.0 | 71.6 |
EBITA | 344.8 | 259.7 | 497.7 | 143.8 | 116.5 | 118.1 | 137.4 | 156.4 |
EBITA margin | 15.5% | 11.8% | 26.9% | 10.8% | 11.7% | 13.7% | 14.2% | 16.3% |
Amortization of intangibles | 253.0 | 253.0 | 253.0 | | | | | |
EBIT | 91.8 | 6.7 | 244.7 | 143.8 | 116.5 | 118.1 | 137.4 | 156.4 |
EBIT margin | 4.1% | 0.3% | 13.2% | 10.8% | 11.7% | 13.7% | 14.2% | 16.3% |
Pre-tax income | 91.4 | 6.9 | 244.2 | 144.4 | 116.3 | 116.1 | 137.1 | 155.0 |
Income taxes | 24.2 | -7.6 | 52.3 | 34.3 | 23.6 | 17.1 | 49.8 | 56.6 |
Tax rate | 26.4% | | 21.4% | 23.8% | 20.3% | 14.7% | 36.3% | 36.5% |
Net income | 67.3 | 14.6 | 192.0 | 110.0 | 92.7 | 99.0 | 87.3 | 98.4 |
Net margin | 3.0% | 0.7% | 10.4% | 8.3% | 9.3% | 11.5% | 9.0% | 10.3% |
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Diluted EPS | $5.45 | $1.17 | $15.63 | $9.24 | $7.90 | $8.13 | $6.83 | $7.28 |
Shares outstanding (diluted) | 12.3 | 12.4 | 12.3 | 11.9 | 11.7 | 12.2 | 12.8 | 13.5 |
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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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