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 | 2,020.5 | 1,755.3 | 1,515.1 | 2,062.0 | 1,903.2 | 1,740.9 | 1,569.8 | 1,458.4 |
Revenue growth | 15.1% | 15.9% | -26.5% | 8.3% | 9.3% | 10.9% | 7.6% | 7.8% |
Cost of goods sold | 1,541.8 | 1,340.3 | 1,210.5 | 1,539.1 | 1,429.9 | 1,310.3 | 1,179.0 | 1,100.7 |
Gross profit | 478.7 | 415.0 | 304.5 | 522.9 | 473.3 | 430.6 | 390.8 | 357.8 |
Gross margin | 23.7% | 23.6% | 20.1% | 25.4% | 24.9% | 24.7% | 24.9% | 24.5% |
Selling, general and administrative | 289.2 | 256.8 | 219.6 | 221.5 | 201.6 | 188.9 | 164.0 | 148.2 |
EBITA | 189.5 | 158.2 | 85.0 | 301.4 | 271.7 | 238.0 | 226.9 | 209.6 |
EBITA margin | 9.4% | 9.0% | 5.6% | 14.6% | 14.3% | 13.7% | 14.5% | 14.4% |
Amortization of intangibles | 31.9 | 29.2 | 31.7 | 33.6 | 32.6 | 32.6 | 29.6 | 28.0 |
EBIT | 157.6 | 129.0 | 53.3 | 267.8 | 239.1 | 205.4 | 197.2 | 181.6 |
EBIT margin | 7.8% | 7.4% | 3.5% | 13.0% | 12.6% | 11.8% | 12.6% | 12.5% |
Pre-tax income | 112.2 | 90.3 | 15.7 | 222.7 | 191.6 | 161.4 | 143.2 | 140.2 |
Income taxes | 31.5 | 19.9 | -11.3 | 42.3 | 33.6 | 4.4 | 48.4 | 46.2 |
Tax rate | 28.1% | 22.0% | | 19.0% | 17.5% | 2.7% | 33.8% | 33.0% |
Net income | 80.6 | 70.5 | 27.0 | 180.4 | 157.1 | 156.0 | 93.9 | 93.3 |
Net margin | 4.0% | 4.0% | 1.8% | 8.7% | 8.3% | 9.0% | 6.0% | 6.4% |
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Diluted EPS | $1.38 | $1.16 | $0.45 | $3.06 | $2.66 | $2.59 | $1.55 | $1.50 |
Shares outstanding (diluted) | 58.5 | 60.9 | 60.3 | 58.9 | 59.0 | 60.3 | 60.6 | 62.4 |
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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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