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 | 1,201.9 | 1,139.0 | 1,050.6 | 1,168.1 | 1,101.7 | 1,026.7 | 962.1 | 811.1 |
| Revenue growth | 5.5% | 8.4% | -10.1% | 6.0% | 7.3% | 6.7% | 18.6% | 6.4% |
| Cost of goods sold | 336.5 | 322.3 | 321.6 | 312.4 | 311.2 | 268.4 | 240.1 | 194.5 |
| Gross profit | 865.4 | 816.7 | 729.0 | 855.7 | 790.6 | 758.2 | 722.0 | 616.6 |
| Gross margin | 72.0% | 71.7% | 69.4% | 73.3% | 71.8% | 73.9% | 75.0% | 76.0% |
| Selling, general and administrative | 634.1 | 610.1 | 547.2 | 611.2 | 575.8 | 539.5 | 533.6 | 457.3 |
| Research and development | 98.5 | 92.6 | 79.8 | 72.4 | 61.7 | 50.4 | 48.0 | 35.8 |
| EBITA | 138.3 | 48.4 | 92.8 | 175.9 | 144.7 | 167.2 | 86.6 | 111.8 |
| EBITA margin | 11.5% | 4.3% | 8.8% | 15.1% | 13.1% | 16.3% | 9.0% | 13.8% |
| Amortization of intangibles | 52.6 | 60.6 | 55.0 | 54.8 | 54.4 | 51.7 | 45.6 | 16.1 |
| EBIT | 85.7 | -12.2 | 37.8 | 121.1 | 90.3 | 115.5 | 41.0 | 95.7 |
| EBIT margin | 7.1% | -1.1% | 3.6% | 10.4% | 8.2% | 11.3% | 4.3% | 11.8% |
| Pre-tax income | 52.3 | -58.4 | -47.5 | 80.5 | 8.7 | 72.4 | 64.8 | 112.0 |
| Income taxes | 11.9 | 5.7 | -10.4 | 15.3 | -3.8 | -7.5 | 29.3 | 46.7 |
| Tax rate | 22.8% | | 21.9% | 19.0% | | | 45.2% | 41.7% |
| Net income | 40.4 | -64.1 | -37.2 | 65.2 | 12.5 | 81.6 | 37.2 | 66.3 |
| Net margin | 3.4% | -5.6% | -3.5% | 5.6% | 1.1% | 7.9% | 3.9% | 8.2% |
| |
| Diluted EPS | $0.70 | ($1.24) | ($0.72) | $1.23 | $0.24 | $1.48 | $0.69 | $1.26 |
| Shares outstanding (diluted) | 57.4 | 51.6 | 51.4 | 53.2 | 52.4 | 55.2 | 54.1 | 52.4 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|