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 | 2,169.4 | 1,780.2 | 1,259.3 | 1,448.7 | 1,602.4 | 1,468.9 | 1,265.5 | 1,394.8 |
Revenue growth | 21.9% | 41.4% | -13.1% | -9.6% | 9.1% | 16.1% | -9.3% | -26.4% |
Cost of goods sold | 1,808.7 | 1,542.7 | 1,130.2 | 1,319.7 | 1,404.1 | 1,298.7 | 1,124.1 | 1,260.0 |
Gross profit | 360.7 | 237.5 | 129.1 | 129.0 | 198.3 | 170.2 | 141.4 | 134.7 |
Gross margin | 16.6% | 13.3% | 10.3% | 8.9% | 12.4% | 11.6% | 11.2% | 9.7% |
Selling, general and administrative | 132.8 | 131.8 | 130.9 | 137.7 | 134.8 | 150.7 | 145.0 | 140.4 |
Research and development | 10.4 | 10.1 | 9.0 | 9.9 | 11.1 | 10.3 | 10.0 | 11.2 |
EBITA | 206.2 | 85.8 | -33.1 | -26.2 | 44.5 | 1.8 | -20.2 | -24.3 |
EBITA margin | 9.5% | 4.8% | -2.6% | -1.8% | 2.8% | 0.1% | -1.6% | -1.7% |
Amortization of intangibles | 0.4 | 0.6 | 2.3 | 2.2 | 2.3 | 3.0 | 2.2 | 3.0 |
EBIT | 205.8 | 85.2 | -35.4 | -28.4 | 42.2 | -1.2 | -22.4 | -27.3 |
EBIT margin | 9.5% | 4.8% | -2.8% | -2.0% | 2.6% | -0.1% | -1.8% | -2.0% |
Pre-tax income | 202.4 | 51.0 | -58.1 | -48.0 | 19.8 | -52.9 | -36.5 | -55.1 |
Income taxes | 23.2 | 1.1 | 6.9 | 3.5 | 6.8 | 11.2 | 3.3 | 34.8 |
Tax rate | 11.4% | 2.3% | | | 34.1% | | | |
Net income | 176.3 | 49.6 | -60.4 | -50.4 | 3.9 | -66.4 | -47.2 | -92.8 |
Net margin | 8.1% | 2.8% | -4.8% | -3.5% | 0.2% | -4.5% | -3.7% | -6.7% |
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Diluted EPS | $2.77 | $0.79 | ($0.99) | ($0.84) | $0.06 | ($1.12) | ($0.87) | ($1.73) |
Shares outstanding (diluted) | 63.7 | 62.7 | 60.8 | 60.1 | 59.9 | 59.3 | 53.9 | 53.7 |
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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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