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 | Dec-31-15 |
Revenues | 820.2 | 611.2 | 495.9 | 532.7 | 1,228.9 | 1,472.1 | 1,064.2 | 388.9 |
Revenue growth | 34.2% | 23.2% | -6.9% | -56.6% | -16.5% | 38.3% | 173.7% | |
Cost of goods sold | 595.5 | 434.5 | 345.0 | 365.5 | 925.5 | 1,095.3 | 810.1 | 278.8 |
Gross profit | 224.7 | 176.7 | 151.0 | 167.2 | 303.4 | 376.8 | 254.1 | 110.1 |
Gross margin | 27.4% | 28.9% | 30.4% | 31.4% | 24.7% | 25.6% | 23.9% | 28.3% |
Selling, general and administrative | 85.3 | 97.8 | 81.5 | 83.5 | 131.4 | 146.7 | 110.3 | 34.6 |
EBITA | 104.4 | 92.7 | 81.3 | 120.5 | 220.4 | 245.2 | 116.8 | 66.5 |
EBITA margin | 12.7% | 15.2% | 16.4% | 22.6% | 17.9% | 16.7% | 11.0% | 17.1% |
Amortization of intangibles | | 10.3 | 8.7 | 8.8 | 27.3 | 32.0 | 25.3 | 6.6 |
EBIT | 104.4 | 82.3 | 72.6 | 111.8 | 193.1 | 213.2 | 91.6 | 59.9 |
EBIT margin | 12.7% | 13.5% | 14.6% | 21.0% | 15.7% | 14.5% | 8.6% | 15.4% |
Pre-tax income | 94.7 | 13.9 | 2.2 | 43.4 | 84.0 | -60.6 | -69.1 | 11.4 |
Income taxes | 24.9 | 12.1 | -52.1 | 12.3 | 33.6 | -119.2 | 10.0 | 0.0 |
Tax rate | 26.3% | 87.1% | | 28.3% | 40.0% | 196.6% | | 0.0% |
Earnings from continuing ops | 143.5 | 1.8 | 54.3 | 31.1 | 50.4 | 57.6 | -79.7 | 11.4 |
Earnings from discontinued ops | 3.9 | -141.4 | -336.0 | 49.2 | 9.2 | | | |
Net income | 147.4 | -139.6 | -281.7 | 80.3 | 59.6 | 57.6 | -79.7 | 11.4 |
Net margin | 18.0% | -22.8% | -56.8% | 15.1% | 4.9% | 3.9% | -7.5% | 2.9% |
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Diluted EPS | | $0.01 | $0.40 | $0.23 | $0.37 | $0.52 | ($1.02) | $0.51 |
Shares outstanding (diluted) | | 137.7 | 136.5 | 135.5 | 134.7 | 111.7 | 78.0 | 22.6 |
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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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