In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| 8-K | 10-K | 10-K | 10-K | 10-K/A | 10-K |
Revenues | 969.8 | 734.7 | 316.4 | 428.7 | 335.1 | 248.4 |
Revenue growth | 32.0% | 132.2% | -26.2% | 27.9% | 34.9% | |
Cost of goods sold | 666.1 | 516.1 | 233.7 | 300.0 | 232.1 | 166.8 |
Gross profit | 303.7 | 218.6 | 82.7 | 128.7 | 102.9 | 81.6 |
Gross margin | 31.3% | 29.8% | 26.1% | 30.0% | 30.7% | 32.9% |
Selling, general and administrative [+] | 145.9 | 110.8 | 77.4 | 69.3 | 54.3 | 45.4 |
General and administrative | 145.9 | 110.8 | 77.4 | 69.3 | 54.3 | 45.4 |
Other operating expenses | 31.6 | 6.6 | 7.8 | 14.7 | 2.0 | 1.3 |
EBITDA [+] | 126.2 | 101.3 | -2.6 | 44.7 | 46.7 | 34.9 |
EBITDA growth | 24.6% | -3991.4% | -105.8% | -4.2% | 33.6% | |
EBITDA margin | 13.0% | 13.8% | -0.8% | 10.4% | 13.9% | 14.1% |
Depreciation and amortization | 29.3 | 24.6 | 21.0 | 26.4 | 20.8 | 16.8 |
EBIT [+] | 96.9 | 76.6 | -23.6 | 18.3 | 25.9 | 18.2 |
EBIT growth | 26.4% | -425.1% | -228.6% | -29.3% | 42.6% | |
EBIT margin | 10.0% | 10.4% | -7.5% | 4.3% | 7.7% | 7.3% |
Non-recurring items | | 6.4 | 1.1 | 5.0 | 1.0 | |
Interest expense | 21.6 | 12.7 | 13.7 | 12.9 | 9.6 | 8.1 |
Interest expense | 21.6 | 12.7 | 13.7 | 12.9 | 9.6 | 8.1 |
Other income (expense), net [+] | 19.5 | -10.9 | 21.1 | -32.0 | | |
Gain (loss) on debt retirement | | -1.2 | | -1.1 | | |
Unrealized gain/loss on derivatives | | | -12.6 | 21.1 | | |
Change in fair value of warrants | | | -12.6 | 21.1 | | |
Pre-tax income | 94.8 | 46.6 | -17.3 | -31.6 | 15.2 | 10.1 |
Income taxes | 0.0 | 15.0 | -16.9 | 5.2 | 4.4 | 1.8 |
Tax rate | 0.0% | 32.2% | 97.6% | | 29.0% | 17.4% |
Net income | 74.1 | 31.6 | -0.4 | -36.8 | 10.8 | 8.3 |
Net margin | 7.6% | 4.3% | -0.1% | -8.6% | 3.2% | 3.3% |
|
Basic EPS [+] | $0.82 | $0.34 | $0.00 | ($0.59) | $0.19 | $0.15 |
Growth | 144.7% | -6916.1% | -99.2% | -417.1% | 27.1% | |
Diluted EPS [+] | $0.82 | $0.33 | $0.00 | ($0.59) | $0.17 | $0.14 |
Growth | 145.5% | -6859.9% | -99.2% | -442.2% | 24.2% | |
|
Shares outstanding (basic) [+] | 90.0 | 93.8 | 83.0 | 61.8 | 57.6 | 56.3 |
Growth | -4.0% | 12.9% | 34.3% | 7.3% | 2.3% | |
Shares outstanding (diluted) [+] | 90.5 | 94.6 | 83.1 | 61.8 | 62.2 | 59.4 |
Growth | -4.3% | 13.9% | 34.4% | -0.5% | 4.7% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |