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FERRO CORP (FOE)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues   [+]1,126.3959.01,014.51,074.7996.41,145.31,075.31,111.6
            Revenue growth  17.4%-5.5%-5.6%7.9%-13.0%6.5%-3.3%-6.5%
Cost of goods sold  781.6665.2706.5736.3669.7788.9773.7826.5
Gross profit  344.6293.8308.0338.4326.7356.4301.7285.1
            Gross margin  30.6%30.6%30.4%31.5%32.8%31.1%28.1%25.6%
Selling, general and administrative  217.8202.4212.4  227.3216.9286.8
Other operating expenses  -45.1-11.90.8265.9243.316.9 30.0
EBITDA   [+]212.1143.6150.7126.5133.5159.0125.83.7
            EBITDA margin  18.8%15.0%14.9%11.8%13.4%13.9%11.7%0.3%
Depreciation  28.928.342.941.440.037.936.233.1
EBITA  183.2115.3107.885.193.5121.189.7-29.4
            EBITA margin  16.3%12.0%10.6%7.9%9.4%10.6%8.3%-2.6%
Amortization of intangibles  11.312.013.012.610.18.94.92.3
EBIT   [+]171.9103.394.872.583.4112.284.8-31.7
            EBIT margin  15.3%10.8%9.3%6.7%8.4%9.8%7.9%-2.9%
Non-recurring items   [+]28.834.921.9  15.99.78.8
Interest expense, net   [+]27.319.921.0-3.7-3.020.914.816.1
Other income (expense), net   [+]-3.2-3.6-9.217.417.6-12.9-5.513.8
Pre-tax income  112.644.942.869.983.362.454.8-42.8
Income taxes  39.214.98.013.946.417.9-45.1-34.2
            Tax rate  34.8%33.1%18.6%19.9%55.7%28.6% 79.9%
Minority interest  1.71.21.4  0.9-1.00.2
Earnings from continuing ops  71.628.833.455.236.243.6100.9-8.8
Earnings from discontinued ops  77.214.0-27.424.920.9-64.5-36.894.8
Net income  148.842.86.080.157.1-20.864.186.1
            Net margin  13.2%4.5%0.6%7.5%5.7%-1.8%6.0%7.7%
   
Basic EPS   [+]$0.87$0.35$0.41$0.66$0.43$0.52$1.16($0.10)
Diluted EPS   [+]$0.86$0.35$0.40$0.65$0.43$0.51$1.14($0.10)
   
   
Shares outstanding (basic)   [+]82.782.282.183.983.783.386.786.9
Shares outstanding (diluted)   [+]83.683.082.985.185.284.988.486.9
   
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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