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 | 3,008.5 | 2,498.3 | 2,247.4 | 2,071.2 | 1,531.2 | 1,403.3 | 1,142.5 | 1,061.7 |
Revenue growth | 20.4% | 11.2% | 8.5% | 35.3% | 9.1% | 22.8% | 7.6% | 12.5% |
Cost of goods sold | 2,664.6 | 2,173.3 | 1,971.5 | 1,857.0 | 1,364.1 | 1,278.3 | 1,007.8 | 939.3 |
Gross profit | 344.0 | 325.0 | 275.9 | 214.2 | 167.1 | 125.0 | 134.7 | 122.3 |
Gross margin | 11.4% | 13.0% | 12.3% | 10.3% | 10.9% | 8.9% | 11.8% | 11.5% |
Selling, general and administrative | 222.4 | 207.2 | 188.5 | 156.7 | 118.7 | 98.6 | 96.4 | 79.2 |
EBITA | 121.5 | 117.8 | 87.3 | 57.5 | 48.3 | 26.4 | 38.3 | 43.2 |
EBITA margin | 4.0% | 4.7% | 3.9% | 2.8% | 3.2% | 1.9% | 3.4% | 4.1% |
Amortization of intangibles | 9.0 | 2.3 | 3.6 | 3.8 | 1.8 | 0.5 | 0.9 | 0.6 |
EBIT | 112.5 | 115.5 | 83.7 | 53.6 | 46.5 | 25.9 | 37.4 | 42.6 |
EBIT margin | 3.7% | 4.6% | 3.7% | 2.6% | 3.0% | 1.8% | 3.3% | 4.0% |
Pre-tax income | 114.2 | 116.3 | 81.4 | 50.4 | 43.1 | 24.6 | 38.3 | 44.3 |
Income taxes | 30.8 | 31.3 | 22.6 | 14.2 | 11.8 | 3.5 | 16.9 | 17.0 |
Tax rate | 27.0% | 26.9% | 27.8% | 28.2% | 27.3% | 14.1% | 44.1% | 38.4% |
Net income | 83.4 | 85.0 | 58.8 | 37.7 | 31.1 | 21.2 | 21.4 | 27.3 |
Net margin | 2.8% | 3.4% | 2.6% | 1.8% | 2.0% | 1.5% | 1.9% | 2.6% |
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Diluted EPS | $4.91 | $4.95 | $3.48 | $2.26 | $1.87 | $1.28 | $1.23 | $1.30 |
Shares outstanding (diluted) | 17.0 | 17.2 | 16.9 | 16.7 | 16.6 | 16.5 | 17.5 | 21.0 |
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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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