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 | 1,979.5 | 1,809.2 | 1,508.6 | 1,600.5 | 1,564.9 | 1,456.7 | 1,398.4 | 1,467.7 |
Revenue growth | 9.4% | 19.9% | -5.7% | 2.3% | 7.4% | 4.2% | -4.7% | -3.0% |
Cost of goods sold | 1,105.2 | 1,042.1 | 883.2 | 923.0 | 908.4 | 854.3 | 832.8 | 914.6 |
Gross profit | 874.3 | 767.1 | 625.4 | 677.5 | 656.5 | 602.4 | 565.6 | 553.1 |
Gross margin | 44.2% | 42.4% | 41.5% | 42.3% | 42.0% | 41.4% | 40.4% | 37.7% |
Selling, general and administrative | 550.5 | 508.2 | 432.4 | 476.1 | 464.7 | 432.3 | 424.1 | 491.3 |
EBITA | 335.9 | 272.6 | 206.8 | 217.0 | 211.4 | 192.6 | 162.3 | 82.7 |
EBITA margin | 17.0% | 15.1% | 13.7% | 13.6% | 13.5% | 13.2% | 11.6% | 5.6% |
Amortization of intangibles | 12.1 | 13.7 | 15.2 | 15.6 | 19.6 | 22.5 | 20.8 | 20.9 |
EBIT | 323.8 | 258.9 | 191.6 | 201.4 | 191.8 | 170.1 | 141.5 | 61.8 |
EBIT margin | 16.4% | 14.3% | 12.7% | 12.6% | 12.3% | 11.7% | 10.1% | 4.2% |
Pre-tax income | 307.6 | 234.1 | 167.0 | 183.9 | 174.6 | 143.1 | 127.8 | -111.0 |
Income taxes | 56.1 | 68.4 | 52.7 | 52.4 | 46.6 | 70.0 | 43.6 | 1.9 |
Tax rate | 18.2% | 29.2% | 31.6% | 28.5% | 26.7% | 48.9% | 34.1% | |
Earnings from continuing ops | 251.5 | 165.7 | 114.3 | 131.5 | 128.0 | 73.1 | 75.6 | -112.9 |
Earnings from discontinued ops | | | | | | | 8.6 | |
Net income | 251.5 | 165.7 | 114.3 | 131.5 | 128.0 | 73.1 | 84.2 | -112.9 |
Net margin | 12.7% | 9.2% | 7.6% | 8.2% | 8.2% | 5.0% | 6.0% | -7.7% |
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Diluted EPS | $7.49 | $1.63 | $3.37 | $1.28 | $3.73 | $2.13 | $0.73 | ($3.23) |
Shares outstanding (diluted) | 33.6 | 101.6 | 33.9 | 102.5 | 34.3 | 34.4 | 103.4 | 34.9 |
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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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