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 | 1,063.1 | 542.4 | 886.4 | 943.9 | 776.5 | 431.2 | 550.5 | 534.7 |
| Revenue growth | 96.0% | -38.8% | -6.1% | 21.6% | 80.1% | -21.7% | 3.0% | 113.9% |
| Cost of goods sold | 646.1 | 480.5 | 481.5 | 610.9 | 590.4 | 283.4 | 295.8 | 230.8 |
| Gross profit | 417.1 | 61.9 | 405.0 | 333.0 | 186.1 | 147.8 | 254.7 | 303.9 |
| Gross margin | 39.2% | 11.4% | 45.7% | 35.3% | 24.0% | 34.3% | 46.3% | 56.8% |
| General and administrative | 41.8 | 43.7 | 39.0 | 36.4 | 39.8 | 32.9 | 33.2 | 30.4 |
| EBITA | 266.9 | -115.8 | 217.5 | 131.8 | 12.7 | -7.7 | 128.9 | 211.3 |
| EBITA margin | 25.1% | -21.4% | 24.5% | 14.0% | 1.6% | -1.8% | 23.4% | 39.5% |
| Amortization of intangibles | | | | | 2.9 | 3.3 | 3.9 | |
| EBIT | 266.9 | -115.8 | 217.5 | 131.8 | 9.8 | -11.0 | 125.0 | 211.3 |
| EBIT margin | 25.1% | -21.4% | 24.5% | 14.0% | 1.3% | -2.5% | 22.7% | 39.5% |
| Pre-tax income | 229.6 | -244.3 | 94.6 | 61.5 | -43.1 | 0.0 | 0.0 | 0.0 |
| Income taxes | 0.5 | -1.9 | 7.3 | 20.1 | 9.4 | 0.0 | 0.0 | 0.0 |
| Tax rate | 0.2% | 0.8% | 7.7% | 32.7% | | | | |
| Net income | 229.1 | -242.4 | 87.3 | 41.4 | -52.5 | -58.0 | 67.8 | 183.6 |
| Net margin | 21.5% | -44.7% | 9.9% | 4.4% | -6.8% | -13.5% | 12.3% | 34.3% |
| |
| Diluted EPS | $6.68 | ($7.16) | $2.57 | $1.23 | ($1.57) | ($0.31) | $0.40 | $1.27 |
| Shares outstanding (diluted) | 34.3 | 33.9 | 33.9 | 33.7 | 33.6 | 187.2 | 170.3 | 144.5 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|