Knowles Corp (KN) [Rocket]

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	764.7	868.1	764.3	854.8	826.9	744.2	755.7	753.6
Revenue growth	-11.9%	13.6%	-10.6%	3.4%	11.1%	-1.5%	0.3%	-17.6%
Cost of goods sold	456.2	508.6	490.8	525.1	503.9	452.8	458.2	465.8
Gross profit	308.5	359.5	273.5	329.7	323.0	291.4	297.5	287.8
Gross margin	40.3%	41.4%	35.8%	38.6%	39.1%	39.2%	39.4%	38.2%
Selling, general and administrative	128.9	146.4	131.5	145.7	142.5	126.6	149.9	149.7
Research and development	81.7	92.8	92.9	96.8	100.6	93.4	92.0	83.2
EBIT	65.7	120.3	46.8	85.5	79.5	66.0	54.1	52.2
EBIT margin	8.6%	13.9%	6.1%	10.0%	9.6%	8.9%	7.2%	6.9%
Pre-tax income	-418.2	104.6	11.3	66.3	61.1	19.4	28.1	20.6
Income taxes	11.9	-45.6	8.4	16.6	-4.5	12.9	8.3	3.2
Tax rate			74.3%	25.0%		66.5%	29.5%	15.5%
Net income	-430.1	150.4	6.6	49.1	67.7	68.3	-42.3	-233.8
Net margin	-56.2%	17.3%	0.9%	5.7%	8.2%	9.2%	-5.6%	-31.0%

Diluted EPS	($4.69)	$1.59	$0.03	$0.53	$0.72	$0.07	$0.22	$0.20
Shares outstanding (diluted)	91.7	94.7	92.9	93.4	91.2	90.5	89.2	87.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.