Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 2,953.3 | 1,831.8 | 1,975.0 | 2,015.5 | 2,154.7 | 2,039.2 | 1,387.3 | 1,273.8 |
Revenue growth | 61.2% | -7.2% | -2.0% | -6.5% | 5.7% | 47.0% | 8.9% | -15.0% |
Cost of goods sold | 2,874.2 | 1,868.8 | 2,111.3 | 1,963.0 | 2,070.3 | 1,867.8 | 1,276.8 | 1,113.2 |
Gross profit | 79.1 | -36.9 | -136.3 | 52.5 | 84.4 | 171.4 | 110.5 | 160.6 |
Gross margin | 2.7% | -2.0% | -6.9% | 2.6% | 3.9% | 8.4% | 8.0% | 12.6% |
Selling, general and administrative | 140.5 | 119.3 | 118.2 | 106.7 | 95.8 | 88.3 | 73.4 | 62.7 |
Research and development | | | | | | 4.9 | 16.9 | 12.4 |
EBITA | 231.1 | 150.4 | 396.7 | 299.4 | -12.4 | 82.1 | 26.8 | 139.4 |
EBITA margin | 7.8% | 8.2% | 20.1% | 14.9% | -0.6% | 4.0% | 1.9% | 10.9% |
Amortization of intangibles | 1.7 | 1.3 | 1.6 | 1.3 | 1.3 | 1.3 | 1.1 | 1.3 |
EBIT | 229.4 | 149.1 | 395.1 | 298.1 | -13.6 | 80.8 | 25.7 | 138.1 |
EBIT margin | 7.8% | 8.1% | 20.0% | 14.8% | -0.6% | 4.0% | 1.8% | 10.8% |
Pre-tax income | 199.3 | 128.7 | 371.9 | 294.3 | -96.8 | 68.1 | -160.4 | 86.1 |
Income taxes | -14.5 | 5.9 | -0.6 | 5.9 | -30.5 | 4.3 | -8.7 | 3.6 |
Tax rate | | 4.6% | | 2.0% | 31.5% | 6.3% | 5.4% | 4.1% |
Earnings from continuing ops | 213.8 | 122.8 | 745.0 | 576.9 | -66.3 | 82.6 | -151.4 | 81.6 |
Earnings from discontinued ops | | | -9.7 | -11.3 | -12.8 | -19.1 | | |
Net income | 213.8 | 122.8 | 735.3 | 565.6 | -79.1 | 63.5 | -151.4 | 81.6 |
Net margin | 7.2% | 6.7% | 37.2% | 28.1% | -3.7% | 3.1% | -10.9% | 6.4% |
|
Diluted EPS | $4.48 | $2.81 | $17.60 | $13.22 | ($1.71) | $2.02 | ($3.44) | $2.00 |
Shares outstanding (diluted) | 47.7 | 43.7 | 42.3 | 43.7 | 38.7 | 40.9 | 44.0 | 40.7 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|