Financial Summary (All financials)
In millions, except per share items | Mar-31-23 | Mar-31-22 | Mar-31-21 | Mar-31-20 | Mar-31-19 | Mar-31-18 | Mar-31-17 | Mar-31-16 |
Revenues | 3,071.1 | 2,769.3 | 1,982.8 | 1,673.8 | 1,384.7 | 1,330.4 | 1,257.3 | 1,275.9 |
Revenue growth | 10.9% | 39.7% | 18.5% | 20.9% | 4.1% | 5.8% | -1.5% | 8.8% |
Cost of goods sold | 1,952.7 | 1,949.8 | 1,292.7 | 1,188.7 | 1,057.8 | 1,027.9 | 961.5 | 1,005.3 |
Gross profit | 1,118.4 | 819.6 | 690.1 | 485.1 | 327.0 | 302.5 | 295.8 | 270.6 |
Gross margin | 36.4% | 29.6% | 34.8% | 29.0% | 23.6% | 22.7% | 23.5% | 21.2% |
Selling, general and administrative | 339.5 | 309.8 | 267.6 | 271.3 | | | | |
Sales and marketing | | | | | 96.3 | 92.8 | 91.5 | 88.5 |
General and administrative | | | | | 89.7 | 98.4 | 111.0 | 92.5 |
EBITA | 774.1 | 477.7 | 422.3 | -34.9 | 137.4 | 97.1 | 89.2 | 108.8 |
EBITA margin | 25.2% | 17.2% | 21.3% | -2.1% | 9.9% | 7.3% | 7.1% | 8.5% |
Amortization of intangibles | 55.2 | 64.0 | 73.7 | 57.0 | 7.9 | 8.1 | 8.5 | 9.2 |
EBIT | 718.9 | 413.7 | 348.6 | -91.9 | 129.5 | 89.0 | 80.6 | 99.6 |
EBIT margin | 23.4% | 14.9% | 17.6% | -5.5% | 9.4% | 6.7% | 6.4% | 7.8% |
Pre-tax income | 657.1 | 383.5 | 312.3 | -179.6 | 111.6 | 76.9 | 64.8 | 59.3 |
Income taxes | 150.6 | 110.1 | 86.4 | 14.1 | 30.0 | 11.4 | 24.6 | 23.5 |
Tax rate | 22.9% | 28.7% | 27.7% | | 26.9% | 14.8% | 38.0% | 39.6% |
Net income | 507.1 | 271.3 | 224.2 | -193.2 | 77.8 | 62.0 | 33.0 | 25.1 |
Net margin | 16.5% | 9.8% | 11.3% | -11.5% | 5.6% | 4.7% | 2.6% | 2.0% |
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Diluted EPS | $6.08 | $3.72 | $3.13 | ($3.03) | $1.35 | $1.10 | $0.59 | $0.45 |
Shares outstanding (diluted) | 83.3 | 72.9 | 71.6 | 63.8 | 57.6 | 56.3 | 55.6 | 55.2 |
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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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