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 | 3,579.3 | 1,932.3 | 2,149.4 | 2,445.9 | 2,094.8 | 1,869.8 | 2,226.3 | 2,664.9 |
Revenue growth | 85.2% | -10.1% | -12.1% | 16.8% | 12.0% | -16.0% | -16.5% | 37.6% |
Cost of goods sold | 3,302.3 | 1,720.2 | 1,994.8 | 2,273.1 | 1,934.1 | 1,733.9 | 2,073.8 | 2,555.0 |
Gross profit | 277.0 | 212.1 | 154.6 | 172.8 | 160.8 | 135.9 | 152.4 | 109.8 |
Gross margin | 7.7% | 11.0% | 7.2% | 7.1% | 7.7% | 7.3% | 6.8% | 4.1% |
Selling, general and administrative | 30.9 | 21.0 | 16.8 | 18.0 | 27.9 | 24.2 | 36.2 | 36.9 |
EBITA | 56.1 | 131.7 | 54.2 | 50.4 | 46.0 | 45.9 | 39.4 | 19.9 |
EBITA margin | 1.6% | 6.8% | 2.5% | 2.1% | 2.2% | 2.5% | 1.8% | 0.7% |
Amortization of intangibles | 20.0 | 16.1 | 10.9 | 15.4 | 13.6 | 13.7 | 13.4 | 11.3 |
EBIT | 36.1 | 115.6 | 43.3 | 35.0 | 32.4 | 32.2 | 26.0 | 8.6 |
EBIT margin | 1.0% | 6.0% | 2.0% | 1.4% | 1.5% | 1.7% | 1.2% | 0.3% |
Pre-tax income | 18.4 | 99.5 | 16.8 | 2.5 | 4.9 | 10.3 | 7.9 | -7.5 |
Income taxes | -3.2 | -7.9 | -1.2 | -2.7 | -18.2 | -0.5 | -3.5 | -1.4 |
Tax rate | | | | | | | | 18.0% |
Net income | 21.7 | 107.3 | 17.5 | 3.7 | 18.8 | 7.3 | 10.1 | -6.2 |
Net margin | 0.6% | 5.6% | 0.8% | 0.2% | 0.9% | 0.4% | 0.5% | -0.2% |
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Diluted EPS | $0.57 | $2.87 | $0.51 | $0.11 | $0.56 | $0.23 | $0.47 | ($0.50) |
Shares outstanding (diluted) | 37.9 | 37.4 | 34.5 | 34.3 | 33.9 | 32.2 | 21.6 | 12.4 |
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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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