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 |
| Revenues | 1,605.0 | 1,770.0 | 1,723.0 | 1,666.0 | 1,804.0 | 1,257.0 | 1,558.0 |
| Revenue growth | -9.3% | 2.7% | 3.4% | -7.6% | 43.5% | -19.3% | |
| Cost of goods sold | 924.0 | 935.0 | 1,008.0 | 853.0 | 1,055.0 | 152.0 | 72.0 |
| Gross profit | 681.0 | 835.0 | 715.0 | 813.0 | 749.0 | 1,105.0 | 1,486.0 |
| Gross margin | 42.4% | 47.2% | 41.5% | 48.8% | 41.5% | 87.9% | 95.4% |
| Selling, general and administrative | 431.0 | 369.0 | 332.0 | 325.0 | 446.0 | 337.0 | 223.0 |
| EBITA | 174.0 | 380.0 | 291.0 | 392.0 | 155.0 | -59.0 | 145.0 |
| EBITA margin | 10.8% | 21.5% | 16.9% | 23.5% | 8.6% | -4.7% | 9.3% |
| Amortization of intangibles | 163.0 | 204.0 | 255.0 | 269.0 | 289.0 | 97.0 | 38.0 |
| EBIT | 11.0 | 176.0 | 36.0 | 123.0 | -134.0 | -156.0 | 107.0 |
| EBIT margin | 0.7% | 9.9% | 2.1% | 7.4% | -7.4% | -12.4% | 6.9% |
| Pre-tax income | -148.0 | 33.0 | -69.0 | 77.0 | -923.0 | -223.0 | 67.0 |
| Income taxes | 2.0 | -13.0 | -22.0 | 5.0 | -48.0 | -168.0 | -1.0 |
| Tax rate | | | 31.9% | 6.5% | 5.2% | 75.3% | |
| Earnings from continuing ops | -150.0 | 46.0 | -46.0 | 83.0 | -873.0 | -56.0 | 68.0 |
| Earnings from discontinued ops | | | 349.0 | 26.0 | | | |
| Net income | -150.0 | 46.0 | 303.0 | 109.0 | -1,250.0 | 60.0 | 68.0 |
| Net margin | -9.3% | 2.6% | 17.6% | 6.5% | -69.3% | 4.8% | 4.4% |
| |
| Diluted EPS | ($2.03) | $0.63 | ($0.76) | $1.38 | ($15.03) | ($1.36) | $1.86 |
| Shares outstanding (diluted) | 74.0 | 73.2 | 60.7 | 60.2 | 58.1 | 41.2 | 36.5 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|