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 | 1,434.8 | 1,213.2 | 1,130.8 | 1,221.3 | 1,089.5 | 898.5 | 707.9 | 768.0 |
Revenue growth | 18.3% | 7.3% | -7.4% | 12.1% | 21.3% | 26.9% | -7.8% | -1.4% |
Cost of goods sold | 1,089.9 | 924.5 | 837.2 | 898.5 | 807.4 | 677.3 | 524.5 | 542.4 |
Gross profit | 344.9 | 288.7 | 293.6 | 322.8 | 282.1 | 221.2 | 183.4 | 225.6 |
Gross margin | 24.0% | 23.8% | 26.0% | 26.4% | 25.9% | 24.6% | 25.9% | 29.4% |
Selling, general and administrative | 171.7 | 149.2 | 149.2 | 164.4 | 159.1 | 144.3 | 119.5 | 122.0 |
EBITA | 173.7 | 148.4 | 142.3 | 155.9 | 131.0 | 87.8 | 63.9 | 103.6 |
EBITA margin | 12.1% | 12.2% | 12.6% | 12.8% | 12.0% | 9.8% | 9.0% | 13.5% |
Amortization of intangibles | 12.9 | 10.9 | 9.6 | 8.8 | 8.0 | 4.8 | | |
EBIT | 160.8 | 137.5 | 132.7 | 147.1 | 123.0 | 83.0 | 63.9 | 103.6 |
EBIT margin | 11.2% | 11.3% | 11.7% | 12.0% | 11.3% | 9.2% | 9.0% | 13.5% |
Pre-tax income | 150.9 | 117.6 | 124.6 | 138.6 | 111.6 | 61.0 | 56.8 | 99.9 |
Income taxes | 30.5 | 17.0 | 28.5 | 30.2 | 17.9 | 0.5 | 17.4 | 34.1 |
Tax rate | 20.2% | 14.5% | 22.9% | 21.8% | 16.0% | 0.8% | 30.6% | 34.1% |
Net income | 120.4 | 100.6 | 96.2 | 108.5 | 94.0 | 61.6 | 43.8 | 63.5 |
Net margin | 8.4% | 8.3% | 8.5% | 8.9% | 8.6% | 6.9% | 6.2% | 8.3% |
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Diluted EPS | $1.97 | $1.63 | $1.56 | $1.76 | $1.53 | $1.00 | $0.64 | $1.04 |
Shares outstanding (diluted) | 61.2 | 61.9 | 61.7 | 61.6 | 61.2 | 60.4 | 61.2 | 63.4 |
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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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