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 | 1,246.2 | 1,024.2 | 842.5 | 824.1 | 740.7 | 676.2 | 623.4 | 611.6 |
Revenue growth | 21.7% | 21.6% | 2.2% | 11.3% | 9.5% | 8.5% | 1.9% | |
Cost of goods sold | 773.0 | 641.9 | 501.2 | 455.9 | 425.8 | 406.7 | 396.4 | 364.6 |
Gross profit | 473.2 | 382.3 | 341.3 | 368.2 | 314.9 | 269.5 | 227.0 | 247.0 |
Gross margin | 38.0% | 37.3% | 40.5% | 44.7% | 42.5% | 39.9% | 36.4% | 40.4% |
Selling, general and administrative | 169.9 | 134.0 | 83.7 | 67.9 | 317.8 | 257.7 | 268.6 | 279.5 |
EBITA | -32.2 | -65.5 | -15.2 | 50.1 | 74.6 | 73.9 | 7.2 | 2.4 |
EBITA margin | -2.6% | -6.4% | -1.8% | 6.1% | 10.1% | 10.9% | 1.2% | 0.4% |
Amortization of intangibles | 30.9 | 23.9 | 3.8 | 16.2 | 18.5 | 18.5 | 18.4 | 18.7 |
EBIT | -63.1 | -89.4 | -19.0 | 33.9 | 56.1 | 55.4 | -11.2 | -16.3 |
EBIT margin | -5.1% | -8.7% | -2.3% | 4.1% | 7.6% | 8.2% | -1.8% | -2.7% |
Pre-tax income | -62.9 | -90.3 | -20.0 | 34.3 | -26.9 | -40.5 | -98.6 | -104.1 |
Income taxes | 10.5 | -14.9 | -16.0 | -44.4 | 8.4 | -48.5 | 6.7 | 4.3 |
Tax rate | | 16.5% | 80.0% | | | 119.8% | | |
Earnings from continuing ops | -73.4 | -75.4 | -4.0 | 78.7 | -34.8 | 17.3 | -210.7 | -216.8 |
Earnings from discontinued ops | | | | | -25.8 | -6.0 | 12.5 | 3.7 |
Net income | -73.4 | -75.4 | -4.0 | 78.7 | -60.6 | 11.3 | -198.2 | -213.1 |
Net margin | -5.9% | -7.4% | -0.5% | 9.5% | -8.2% | 1.7% | -31.8% | -34.8% |
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Diluted EPS | ($0.48) | ($0.50) | ($0.03) | $0.53 | ($0.31) | $0.27 | ($3.24) | ($3.34) |
Shares outstanding (diluted) | 152.9 | 150.4 | 146.8 | 148.8 | 114.0 | 65.2 | 65.0 | 64.9 |
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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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