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 |
| Revenues | 2,970.6 | 2,454.5 | 1,056.4 | 529.6 | 345.3 |
| Revenue growth | 21.0% | 132.4% | 99.5% | 53.4% | |
| Cost of goods sold | 2,903.9 | 2,324.2 | 1,054.3 | 543.2 | 349.9 |
| Gross profit | 66.7 | 130.3 | 2.1 | -13.5 | -4.6 |
| Gross margin | 2.2% | 5.3% | 0.2% | -2.6% | -1.3% |
| General and administrative | 162.1 | 167.5 | 89.3 | 56.5 | 18.1 |
| EBITA | 230.4 | 272.1 | 77.3 | 29.4 | 31.1 |
| EBITA margin | 7.8% | 11.1% | 7.3% | 5.5% | 9.0% |
| Amortization of intangibles | 40.0 | 46.5 | 6.0 | | |
| EBIT | 190.4 | 225.6 | 71.3 | 29.4 | 31.1 |
| EBIT margin | 6.4% | 9.2% | 6.8% | 5.5% | 9.0% |
| Pre-tax income | 97.9 | 191.0 | -206.0 | -21.9 | 22.2 |
| Income taxes | 24.8 | 32.8 | -12.0 | 0.7 | -2.1 |
| Tax rate | 25.3% | 17.2% | 5.8% | | |
| Net income | 69.3 | 156.2 | -161.6 | -21.3 | 23.3 |
| Net margin | 2.3% | 6.4% | -15.3% | -4.0% | 6.7% |
| |
| Diluted EPS | $0.50 | $1.17 | ($3.08) | ($0.95) | $1.95 |
| Shares outstanding (diluted) | 139.0 | 133.0 | 52.5 | 22.6 | 11.9 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|