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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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Electrical Solutions | 2,076.8 | 1,859.7 | 1,603.1 | 1,776.8 | 2,660.6 | | | |
Electrical | | | | | | 2,532.8 | 2,460.2 | 2,388.3 |
Power | 2,871.1 | 2,334.4 | 2,079.4 | 2,170.0 | 1,821.1 | 1,136.0 | 1,045.0 | 1,002.1 |
Total revenues [+] | 4,947.9 | 4,194.1 | 3,682.5 | 3,946.6 | 4,481.7 | 3,668.8 | 3,505.2 | 3,390.4 |
Products | 4,947.9 | 4,194.1 | 3,682.5 | 3,946.6 | 4,481.7 | 3,668.8 | | |
Revenue growth [+] | 18.0% | 13.9% | -6.7% | -11.9% | 22.2% | 4.7% | 3.4% | 0.9% |
Electrical Solutions | 11.7% | 16.0% | -9.8% | -33.2% | | | | |
Electrical | | | | | | 3.0% | 3.0% | -0.4% |
Power | 23.0% | 12.3% | -4.2% | 19.2% | 60.3% | 8.7% | 4.3% | 4.3% |
Cost of goods sold | 3,476.3 | 3,042.6 | 2,596.7 | 2,775.0 | 3,181.3 | 2,513.7 | 2,400.1 | 2,298.6 |
Gross profit | 1,471.6 | 1,151.5 | 1,085.8 | 1,171.6 | 1,300.4 | 1,155.1 | 1,105.1 | 1,091.8 |
Gross margin | 29.7% | 27.5% | 29.5% | 29.7% | 29.0% | 31.5% | 31.5% | 32.2% |
Selling, general and administrative | 762.5 | 619.2 | 591.3 | 644.9 | 743.5 | 636.3 | 615.3 | 617.2 |
Other operating expenses | | | | -28.8 | -12.0 | | | |
EBITDA [+] | 857.6 | 681.4 | 639.0 | 693.4 | 717.3 | 637.3 | 615.7 | 579.0 |
EBITDA growth | 25.9% | 6.6% | -7.8% | -3.3% | 12.6% | 3.5% | 6.3% | -3.8% |
EBITDA margin | 17.3% | 16.2% | 17.4% | 17.6% | 16.0% | 17.4% | 17.6% | 17.1% |
Depreciation | 72.8 | 73.4 | 72.4 | 69.2 | 79.5 | 63.3 | 58.6 | 57.0 |
EBITA | 784.8 | 608.0 | 566.6 | 624.2 | 637.8 | 574.0 | 557.1 | 522.0 |
EBITA margin | 15.9% | 14.5% | 15.4% | 15.8% | 14.2% | 15.6% | 15.9% | 15.4% |
Amortization of intangibles | 75.7 | 75.7 | 72.1 | 68.7 | 68.9 | 34.9 | 32.3 | 28.2 |
EBIT [+] | 709.1 | 532.3 | 494.5 | 555.5 | 568.9 | 539.1 | 524.8 | 493.8 |
EBIT growth | 33.2% | 7.6% | -11.0% | -2.4% | 5.5% | 2.7% | 6.3% | -5.5% |
EBIT margin | 14.3% | 12.7% | 13.4% | 14.1% | 12.7% | 14.7% | 15.0% | 14.6% |
Non-recurring items | | | | 28.8 | 12.0 | 20.3 | 35.0 | 19.2 |
Interest expense, net [+] | 49.6 | 54.7 | 60.1 | -1.5 | 72.3 | 44.0 | 42.9 | 30.5 |
Interest expense | 49.6 | 54.7 | 60.1 | | 72.4 | 44.9 | 43.4 | 31.0 |
Interest income | | | | 1.5 | 0.1 | 0.9 | 0.5 | 0.5 |
Other income (expense), net [+] | -2.5 | -18.3 | -9.9 | -59.0 | -17.6 | -31.7 | -16.5 | -25.5 |
Gain (loss) on sale of business | | -6.9 | | 21.7 | | | | |
Gain (loss) on debt retirement | | -16.8 | | | | -10.1 | | |
Other | 4.5 | 5.4 | -2.3 | -12.1 | -17.6 | -21.6 | -16.5 | -25.5 |
Pre-tax income | 657.0 | 459.3 | 424.5 | 469.2 | 467.0 | 443.1 | 430.4 | 418.6 |
Income taxes | 140.2 | 88.2 | 89.8 | 101.2 | 100.9 | 193.2 | 132.6 | 136.5 |
Tax rate | 21.3% | 19.2% | 21.2% | 21.6% | 21.6% | 43.6% | 30.8% | 32.6% |
Minority interest | | | | | 5.9 | 6.8 | 4.8 | 4.8 |
Net income | 516.8 | 371.1 | 334.7 | 368.0 | 360.2 | 243.1 | 293.0 | 277.3 |
Net margin | 10.4% | 8.8% | 9.1% | 9.3% | 8.0% | 6.6% | 8.4% | 8.2% |
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Basic EPS [+] | $9.62 | $6.83 | $6.18 | $6.76 | $6.60 | $4.44 | $5.28 | $4.81 |
Growth | 40.8% | 10.7% | -8.7% | 2.5% | 48.7% | -16.0% | 9.9% | -13.1% |
Diluted EPS [+] | $9.55 | $6.78 | $6.14 | $6.73 | $6.56 | $4.41 | $5.26 | $4.78 |
Growth | 40.8% | 10.5% | -8.7% | 2.5% | 48.7% | -16.1% | 10.0% | -13.0% |
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Dividends per share [+] | $4.27 | $3.99 | $3.71 | $3.43 | $3.15 | $2.87 | $2.59 | $2.31 |
Growth | 7.0% | 7.5% | 8.2% | 8.9% | 9.8% | 10.8% | 12.1% | 12.1% |
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Shares outstanding (basic) [+] | 53.7 | 54.3 | 54.2 | 54.4 | 54.6 | 54.8 | 55.5 | 57.7 |
Growth | -1.1% | 0.2% | -0.4% | -0.4% | -0.4% | -1.3% | -3.8% | -1.9% |
Shares outstanding (diluted) [+] | 54.1 | 54.7 | 54.5 | 54.7 | 54.9 | 55.1 | 55.7 | 58.0 |
Growth | -1.1% | 0.4% | -0.4% | -0.4% | -0.4% | -1.1% | -4.0% | -2.0% |
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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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