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 | 1,283.6 | 1,383.2 | 1,632.0 | 1,040.2 | 1,117.2 | 1,074.7 | 1,058.0 | 998.8 |
Revenue growth | -7.2% | -15.2% | 56.9% | -6.9% | 3.9% | 1.6% | 5.9% | 18.2% |
Cost of goods sold | 1,109.1 | 1,091.8 | 1,236.4 | 489.1 | 451.6 | 413.5 | 399.8 | 377.6 |
Gross profit | 174.5 | 291.4 | 395.7 | 551.1 | 665.6 | 661.2 | 658.2 | 621.2 |
Gross margin | 13.6% | 21.1% | 24.2% | 53.0% | 59.6% | 61.5% | 62.2% | 62.2% |
Selling, general and administrative | | | | | | | | |
General and administrative | 26.4 | 34.1 | 30.6 | 37.0 | 85.9 | 103.7 | 46.6 | 42.8 |
EBIT | 144.9 | 431.4 | 157.6 | 222.7 | 534.6 | 311.5 | 327.9 | 320.6 |
EBIT margin | 11.3% | 31.2% | 9.7% | 21.4% | 47.9% | 29.0% | 31.0% | 32.1% |
Pre-tax income | -21.1 | 181.4 | -133.1 | -82.8 | 292.4 | 151.6 | 141.6 | 125.5 |
Income taxes | 0.7 | 1.4 | 1.3 | -0.4 | 0.5 | 0.5 | 0.4 | 0.6 |
Tax rate | | 0.8% | | 0.5% | 0.2% | 0.3% | 0.3% | 0.5% |
Earnings from continuing ops | -15.8 | 174.5 | -139.5 | -88.2 | 292.4 | 151.8 | 141.3 | 124.6 |
Earnings from discontinued ops | | | | | | | | -0.6 |
Net income | -15.8 | 174.5 | -139.5 | -88.2 | 292.4 | 151.8 | 141.3 | 124.0 |
Net margin | -1.2% | 12.6% | -8.5% | -8.5% | 26.2% | 14.1% | 13.4% | 12.4% |
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Diluted EPS | ($0.07) | $0.73 | ($0.59) | ($0.37) | $1.23 | $0.64 | $0.60 | $0.53 |
Shares outstanding (diluted) | 238.3 | 238.0 | 237.7 | 237.6 | 237.5 | 237.5 | 237.4 | 233.0 |
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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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