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 | Jan-02-16 |
Revenues | 2,043.7 | 1,661.9 | 1,247.3 | 1,314.6 | 1,298.1 | 1,124.9 | 949.9 | 924.9 |
Revenue growth | 23.0% | 33.2% | -5.1% | 1.3% | 15.4% | 18.4% | 2.7% | -11.7% |
Cost of goods sold | 1,352.3 | 1,085.8 | 814.2 | 886.5 | 865.8 | 747.9 | 618.5 | 627.3 |
Gross profit | 691.4 | 576.1 | 433.1 | 428.1 | 432.3 | 377.0 | 331.4 | 297.6 |
Gross margin | 33.8% | 34.7% | 34.7% | 32.6% | 33.3% | 33.5% | 34.9% | 32.2% |
Selling, general and administrative | 432.1 | 386.3 | 300.1 | 298.5 | 298.7 | 265.4 | 219.9 | 204.3 |
EBITA | 276.6 | 204.2 | 142.4 | 139.1 | 142.6 | 120.1 | 119.9 | 102.0 |
EBITA margin | 13.5% | 12.3% | 11.4% | 10.6% | 11.0% | 10.7% | 12.6% | 11.0% |
Amortization of intangibles | 17.2 | 14.4 | 9.4 | 9.4 | 8.9 | 8.6 | 8.4 | 8.6 |
EBIT | 259.4 | 189.8 | 133.0 | 129.7 | 133.7 | 111.5 | 111.5 | 93.4 |
EBIT margin | 12.7% | 11.4% | 10.7% | 9.9% | 10.3% | 9.9% | 11.7% | 10.1% |
Pre-tax income | 235.2 | 189.7 | 123.7 | 116.8 | 120.4 | 104.6 | 104.1 | 86.3 |
Income taxes | 46.4 | 34.7 | 22.5 | 20.8 | 14.9 | 26.0 | 24.8 | 12.6 |
Tax rate | 19.7% | 18.3% | 18.2% | 17.8% | 12.4% | 24.9% | 23.8% | 14.6% |
Net income | 187.3 | 153.9 | 100.5 | 95.5 | 105.9 | 78.2 | 78.7 | 72.9 |
Net margin | 9.2% | 9.3% | 8.1% | 7.3% | 8.2% | 6.9% | 8.3% | 7.9% |
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Diluted EPS | $3.99 | $3.27 | $2.15 | $2.04 | $2.25 | $1.66 | $1.69 | $1.53 |
Shares outstanding (diluted) | 47.0 | 47.0 | 46.7 | 46.8 | 47.0 | 47.0 | 46.7 | 47.6 |
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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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