Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 749.6 | 421.1 | 245.6 | 247.4 |
Revenue growth | 78.0% | 71.4% | -0.7% | |
Cost of goods sold | 608.4 | 356.4 | 205.6 | 15.6 |
Gross profit | 141.3 | 64.7 | 40.0 | 231.8 |
Gross margin | 18.8% | 15.4% | 16.3% | 93.7% |
Selling, general and administrative | 777.7 | 407.5 | 220.6 | 208.0 |
EBITA | 50.5 | 43.4 | 26.5 | 39.5 |
EBITA margin | 6.7% | 10.3% | 10.8% | 16.0% |
Amortization of intangibles | 20.7 | 8.5 | | |
EBIT | 29.8 | 34.9 | 26.5 | 39.5 |
EBIT margin | 4.0% | 8.3% | 10.8% | 16.0% |
Pre-tax income | -143.2 | -65.2 | -33.6 | 15.4 |
Income taxes | 8.4 | -30.4 | 0.6 | 3.7 |
Tax rate | | 46.6% | | 24.3% |
Net income | -156.8 | -43.3 | -36.7 | 9.4 |
Net margin | -20.9% | -10.3% | -15.0% | 3.8% |
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Diluted EPS | ($1.75) | ($0.56) | ($0.52) | $0.14 |
Shares outstanding (diluted) | 89.5 | 76.8 | 70.1 | 67.3 |
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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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