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 | 1,274.5 | 1,095.5 | 1,024.4 | 1,169.6 | 1,171.6 | 1,184.7 | 1,147.4 | 983.2 |
| Revenue growth | 16.3% | 6.9% | -12.4% | -0.2% | -1.1% | 3.3% | 16.7% | 0.8% |
| Cost of goods sold | 1,010.4 | 846.0 | 786.8 | 930.2 | 1,035.8 | 941.6 | 882.2 | 764.3 |
| Gross profit | 264.1 | 249.5 | 237.6 | 239.4 | 135.8 | 243.1 | 265.3 | 218.8 |
| Gross margin | 20.7% | 22.8% | 23.2% | 20.5% | 11.6% | 20.5% | 23.1% | 22.3% |
| Selling, general and administrative | 216.1 | 200.6 | 166.9 | 183.9 | 180.8 | 160.8 | 153.1 | 145.2 |
| Research and development | 31.5 | 26.5 | 22.1 | 27.2 | 28.3 | 26.8 | 25.0 | 23.7 |
| EBITA | 25.0 | 32.5 | 54.7 | 32.7 | -68.2 | 59.6 | 90.7 | 52.9 |
| EBITA margin | 2.0% | 3.0% | 5.3% | 2.8% | -5.8% | 5.0% | 7.9% | 5.4% |
| Amortization of intangibles | 8.5 | 10.1 | 6.1 | 4.4 | 5.1 | 4.1 | 3.6 | 3.0 |
| EBIT | 16.5 | 22.4 | 48.6 | 28.3 | -73.3 | 55.5 | 87.2 | 50.0 |
| EBIT margin | 1.3% | 2.0% | 4.7% | 2.4% | -6.3% | 4.7% | 7.6% | 5.1% |
| Pre-tax income | 4.4 | 13.8 | 44.5 | 25.2 | -85.9 | 57.2 | 87.1 | 52.0 |
| Income taxes | 5.0 | -2.1 | -1.5 | 3.0 | -25.2 | 19.6 | 32.1 | 20.0 |
| Tax rate | 113.6% | | | 11.9% | 29.3% | 34.3% | 36.9% | 38.5% |
| Net income | -0.1 | 15.8 | 46.0 | 22.3 | -60.4 | 37.8 | 55.2 | 32.8 |
| Net margin | 0.0% | 1.4% | 4.5% | 1.9% | -5.2% | 3.2% | 4.8% | 3.3% |
| |
| Diluted EPS | $0.00 | $0.69 | $2.01 | $0.98 | ($2.64) | $1.63 | $2.38 | $1.42 |
| Shares outstanding (diluted) | 22.8 | 22.9 | 22.9 | 22.7 | 22.9 | 23.2 | 23.1 | 23.1 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|