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 | 826.7 | 844.0 | 1,052.7 | 1,239.0 | 1,227.4 | 1,511.5 | 1,864.0 | 1,662.8 |
Revenue growth | -2.0% | -19.8% | -15.0% | 0.9% | -18.8% | -18.9% | 12.1% | 9.4% |
Cost of goods sold | 436.5 | 323.8 | 360.0 | 426.2 | 416.8 | 535.9 | 602.0 | 568.4 |
Gross profit | 390.2 | 520.2 | 692.7 | 812.8 | 810.6 | 975.6 | 1,261.9 | 1,094.5 |
Gross margin | 47.2% | 61.6% | 65.8% | 65.6% | 66.0% | 64.5% | 67.7% | 65.8% |
Selling, general and administrative | 93.8 | 94.9 | 91.8 | 100.9 | 92.6 | 100.5 | 99.8 | 94.9 |
EBIT | -165.4 | 552.8 | 532.6 | 483.5 | 465.2 | 359.2 | 602.8 | 401.1 |
EBIT margin | -20.0% | 65.5% | 50.6% | 39.0% | 37.9% | 23.8% | 32.3% | 24.1% |
Pre-tax income | -76.3 | 483.4 | 416.0 | 293.0 | 273.7 | 105.4 | 281.7 | 77.3 |
Income taxes | 0.0 | 2.8 | 1.2 | 1.5 | 2.8 | 4.3 | 2.8 | 3.1 |
Tax rate | 0.0% | 0.6% | 0.3% | 0.5% | 1.0% | 4.1% | 1.0% | 4.0% |
Earnings from continuing ops | -76.3 | 434.8 | 356.1 | 255.5 | 232.3 | 86.4 | 234.9 | 268.7 |
Earnings from discontinued ops | | | | | | | | 0.4 |
Net income | -76.3 | 434.8 | 356.1 | 255.5 | 232.3 | 86.4 | 234.9 | 269.1 |
Net margin | -9.2% | 51.5% | 33.8% | 20.6% | 18.9% | 5.7% | 12.6% | 16.2% |
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Diluted EPS | ($1.49) | $6.14 | $4.74 | $3.12 | $2.61 | $0.84 | $2.24 | $2.59 |
Shares outstanding (diluted) | 51.2 | 70.8 | 75.1 | 81.9 | 89.1 | 103.4 | 104.9 | 103.7 |
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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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