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 | 1,492.9 | 1,277.0 | 1,152.1 | 1,618.3 | 1,658.1 | 1,412.9 | 1,276.9 | 1,463.8 |
Revenue growth | 16.9% | 10.8% | -28.8% | -2.4% | 17.4% | 10.7% | -12.8% | 6.2% |
Cost of goods sold | 1,282.4 | 1,099.1 | 986.8 | 1,358.0 | 1,386.6 | 1,180.1 | 1,075.7 | 1,228.6 |
Gross profit | 210.5 | 177.9 | 165.3 | 260.3 | 271.5 | 232.8 | 201.2 | 235.2 |
Gross margin | 14.1% | 13.9% | 14.3% | 16.1% | 16.4% | 16.5% | 15.8% | 16.1% |
Selling, general and administrative | 162.2 | 155.9 | 140.2 | 177.2 | 176.1 | 152.3 | 134.2 | 135.1 |
EBITA | 54.9 | 28.9 | 31.3 | 89.6 | 102.3 | 87.1 | 73.1 | 106.5 |
EBITA margin | 3.7% | 2.3% | 2.7% | 5.5% | 6.2% | 6.2% | 5.7% | 7.3% |
Amortization of intangibles | 6.6 | 6.9 | 6.2 | 6.5 | 6.9 | 6.6 | 6.1 | 6.4 |
EBIT | 48.3 | 22.0 | 25.1 | 83.1 | 95.4 | 80.5 | 67.0 | 100.1 |
EBIT margin | 3.2% | 1.7% | 2.2% | 5.1% | 5.8% | 5.7% | 5.2% | 6.8% |
Pre-tax income | 10.7 | -1.1 | -1.8 | 54.9 | 71.8 | 47.7 | 41.0 | 70.0 |
Income taxes | -0.7 | -1.0 | -1.3 | 15.2 | 16.6 | 18.2 | 8.8 | 21.3 |
Tax rate | | 90.9% | 72.2% | 27.7% | 23.1% | 38.2% | 21.5% | 30.4% |
Net income | 12.7 | -1.3 | -0.8 | 38.6 | 53.6 | 28.6 | 31.7 | 48.1 |
Net margin | 0.9% | -0.1% | -0.1% | 2.4% | 3.2% | 2.0% | 2.5% | 3.3% |
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Diluted EPS | $1.04 | ($0.11) | ($0.07) | $3.12 | $4.29 | $2.29 | $2.58 | $3.88 |
Shares outstanding (diluted) | 12.2 | 12.3 | 12.1 | 12.4 | 12.5 | 12.5 | 12.3 | 12.4 |
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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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