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 | 2,161.2 | 1,948.5 | 1,742.1 | 1,707.4 | 1,804.9 | 1,555.4 | 1,451.2 | 0.0 |
Revenue growth | 10.9% | 11.8% | 2.0% | -5.4% | 16.0% | 7.2% | | |
Cost of goods sold | 1,054.3 | 802.9 | 693.2 | 720.0 | 762.9 | 763.3 | 696.9 | 508.8 |
Gross profit | 1,106.8 | 1,145.7 | 1,048.9 | 987.4 | 1,042.0 | 792.1 | 754.3 | -508.8 |
Gross margin | 51.2% | 58.8% | 60.2% | 57.8% | 57.7% | 50.9% | 52.0% | |
Selling, general and administrative | | | | | | | | 0.0 |
General and administrative | 192.1 | 146.0 | 142.2 | 141.1 | 132.0 | 139.0 | 123.7 | 0.0 |
EBIT | -26.9 | 18.4 | 43.6 | 24.7 | 90.0 | 29.3 | 23.6 | 0.0 |
EBIT margin | -1.2% | 0.9% | 2.5% | 1.4% | 5.0% | 1.9% | 1.6% | |
Pre-tax income | -56.7 | 11.6 | 22.7 | -2.7 | 34.0 | -21.1 | -24.4 | 0.0 |
Income taxes | -14.3 | 0.4 | 5.1 | 0.4 | 7.9 | -17.2 | -8.4 | 0.0 |
Tax rate | 25.3% | 3.7% | 22.3% | | 23.1% | 81.4% | 34.6% | |
Net income | -44.0 | 10.9 | 18.6 | -3.6 | 24.9 | -4.1 | -16.5 | 0.0 |
Net margin | -2.0% | 0.6% | 1.1% | -0.2% | 1.4% | -0.3% | -1.1% | |
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Diluted EPS | ($0.86) | $0.21 | $0.37 | ($0.07) | $0.83 | ($0.64) | ($2.59) | |
Shares outstanding (diluted) | 51.3 | 52.2 | 50.7 | 48.8 | 30.1 | 6.4 | 6.4 | |
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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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