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 | 1,612.4 | 1,317.7 | 1,177.1 | 1,215.5 | 1,003.9 | 842.9 | 722.0 | 1,040.2 |
Revenue growth | 22.4% | 11.9% | -3.2% | 21.1% | 19.1% | 16.7% | -30.6% | -12.8% |
Cost of goods sold | 1,205.0 | 993.5 | 845.0 | 918.0 | 744.8 | 611.3 | 512.3 | 751.7 |
Gross profit | 407.4 | 324.2 | 332.1 | 297.5 | 259.1 | 231.6 | 209.7 | 288.5 |
Gross margin | 25.3% | 24.6% | 28.2% | 24.5% | 25.8% | 27.5% | 29.0% | 27.7% |
Selling, general and administrative | 214.5 | 196.8 | 178.2 | 205.7 | 172.7 | 180.9 | 158.7 | 200.8 |
EBITA | 229.5 | 127.7 | 153.9 | 91.8 | 86.4 | 50.7 | 51.0 | 87.7 |
EBITA margin | 14.2% | 9.7% | 13.1% | 7.6% | 8.6% | 6.0% | 7.1% | 8.4% |
Amortization of intangibles | 41.4 | 38.9 | 45.7 | 39.8 | 21.9 | 12.2 | 8.8 | 17.3 |
EBIT | 188.1 | 88.8 | 108.2 | 52.0 | 64.5 | 38.5 | 42.2 | 70.4 |
EBIT margin | 11.7% | 6.7% | 9.2% | 4.3% | 6.4% | 4.6% | 5.8% | 6.8% |
Pre-tax income | 98.9 | 74.1 | 85.2 | 34.6 | 41.7 | 11.1 | 24.1 | -201.8 |
Income taxes | 15.9 | 13.5 | 14.9 | 2.8 | 7.2 | -16.6 | 10.6 | 2.7 |
Tax rate | 16.1% | 18.2% | 17.5% | 8.1% | 17.3% | | 44.0% | |
Earnings from continuing ops | 22.6 | 59.1 | 308.1 | 0.0 | -55.5 | -1.8 | 17.0 | -203.0 |
Earnings from discontinued ops | 0.0 | | 0.0 | 0.0 | 55.5 | 1.8 | 11.2 | |
Net income | 22.6 | 59.1 | 308.1 | 0.0 | 0.0 | 0.0 | 28.2 | -203.0 |
Net margin | 1.4% | 4.5% | 26.2% | 0.0% | 0.0% | 0.0% | 3.9% | -19.5% |
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Diluted EPS | $0.54 | $1.44 | $8.45 | $0.00 | ($1,723.60) | ($57.43) | $0.55 | ($6.66) |
Shares outstanding (diluted) | 41.8 | 41.1 | 36.5 | 0.0 | 0.0 | 0.0 | 31.0 | 30.5 |
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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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