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 | 966.5 | 1,095.7 | 1,065.4 | 1,017.1 | 908.3 | 828.2 | 930.6 | 942.0 |
Revenue growth | -11.8% | 2.8% | 4.8% | 12.0% | 9.7% | -11.0% | -1.2% | 6.9% |
Cost of goods sold | 18.6 | 302.0 | 295.2 | 310.4 | 319.4 | 273.0 | 258.8 | 268.3 |
Gross profit | 947.9 | 793.8 | 770.3 | 706.6 | 588.9 | 555.2 | 671.8 | 673.7 |
Gross margin | 98.1% | 72.4% | 72.3% | 69.5% | 64.8% | 67.0% | 72.2% | 71.5% |
Selling, general and administrative | 680.7 | 61.1 | 58.8 | 61.9 | 60.1 | 48.0 | 49.5 | 47.8 |
General and administrative | | 42.8 | 40.8 | 44.1 | 43.2 | 33.1 | 33.8 | 33.1 |
EBITA | 285.8 | 375.0 | 349.7 | 247.7 | 211.8 | 266.5 | 226.0 | 314.0 |
EBITA margin | 29.6% | 34.2% | 32.8% | 24.4% | 23.3% | 32.2% | 24.3% | 33.3% |
Amortization of intangibles | | | | | | 4.3 | 6.2 | 3.7 |
EBIT | 285.8 | 375.0 | 349.7 | 247.7 | 211.8 | 262.2 | 219.8 | 310.3 |
EBIT margin | 29.6% | 34.2% | 32.8% | 24.4% | 23.3% | 31.7% | 23.6% | 32.9% |
Pre-tax income | 154.8 | 250.3 | 208.9 | 117.4 | 89.5 | 160.3 | 135.6 | 257.5 |
Income taxes | 36.8 | 54.8 | 41.2 | 19.7 | 13.8 | -10.9 | 43.6 | 89.4 |
Tax rate | 23.8% | 21.9% | 19.7% | 16.8% | 15.4% | | 32.1% | 34.7% |
Net income | 117.1 | 183.2 | 149.3 | 86.2 | 65.6 | 164.3 | 86.3 | 167.9 |
Net margin | 12.1% | 16.7% | 14.0% | 8.5% | 7.2% | 19.8% | 9.3% | 17.8% |
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Diluted EPS | $2.94 | $4.04 | $3.26 | $1.89 | $1.44 | $3.59 | $1.86 | $3.47 |
Shares outstanding (diluted) | 39.9 | 45.3 | 45.9 | 45.6 | 45.4 | 45.8 | 46.4 | 48.4 |
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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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