Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Jan-01-22 | Dec-26-20 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Jan-02-16 |
| Revenues | 2,513.9 | 2,079.9 | 1,445.7 | 1,503.9 | 1,718.5 | 1,221.5 | 1,056.2 | 867.9 |
| Revenue growth | 20.9% | 43.9% | -3.9% | -12.5% | 40.7% | 15.7% | 21.7% | 1.9% |
| Cost of goods sold | 1,507.0 | 1,308.0 | 944.5 | 957.6 | 1,065.1 | 715.0 | 643.0 | 537.4 |
| Gross profit | 1,006.9 | 771.9 | 501.2 | 546.3 | 653.4 | 506.5 | 413.1 | 330.5 |
| Gross margin | 40.1% | 37.1% | 34.7% | 36.3% | 38.0% | 41.5% | 39.1% | 38.1% |
| Selling, general and administrative | 344.8 | 275.5 | 204.5 | 220.4 | 276.3 | 212.8 | 206.1 | 153.7 |
| Research and development | 95.6 | 65.9 | 52.5 | 80.0 | 87.3 | 50.5 | 42.2 | 30.8 |
| EBITA | 566.5 | 430.5 | 244.1 | 245.9 | 289.8 | 243.2 | 164.8 | 116.1 |
| EBITA margin | 22.5% | 20.7% | 16.9% | 16.3% | 16.9% | 19.9% | 15.6% | 13.4% |
| Amortization of intangibles | 55.7 | 42.7 | 40.0 | 40.0 | 52.2 | 24.7 | 19.3 | 11.9 |
| EBIT | 510.8 | 387.8 | 204.1 | 205.8 | 237.6 | 218.5 | 145.5 | 104.2 |
| EBIT margin | 20.3% | 18.6% | 14.1% | 13.7% | 13.8% | 17.9% | 13.8% | 12.0% |
| Pre-tax income | 443.0 | 341.0 | 161.3 | 165.9 | 204.9 | 204.0 | 123.3 | 106.9 |
| Income taxes | 69.7 | 57.2 | 31.3 | 26.8 | 40.4 | 84.5 | 18.8 | 26.1 |
| Tax rate | 15.7% | 16.8% | 19.4% | 16.2% | 19.7% | 41.4% | 15.2% | 24.4% |
| Net income | 373.3 | 283.8 | 130.0 | 139.1 | 164.6 | 119.5 | 104.5 | 80.9 |
| Net margin | 14.8% | 13.6% | 9.0% | 9.2% | 9.6% | 9.8% | 9.9% | 9.3% |
| |
| Diluted EPS | $14.94 | $11.38 | $5.29 | $5.60 | $6.52 | $5.21 | $4.60 | $3.56 |
| Shares outstanding (diluted) | 25.0 | 24.9 | 24.6 | 24.8 | 25.2 | 22.9 | 22.7 | 22.7 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|