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 |
Revenues | 2,078.4 | 1,752.9 | 1,459.8 | 779.3 | 454.9 | 602.7 |
Revenue growth | 18.6% | 20.1% | 87.3% | 71.3% | -24.5% | |
Cost of goods sold | 1,872.3 | 1,564.2 | 1,302.7 | 747.8 | 388.9 | 517.4 |
Gross profit | 206.1 | 188.7 | 157.0 | 31.5 | 66.0 | 85.2 |
Gross margin | 9.9% | 10.8% | 10.8% | 4.0% | 14.5% | 14.1% |
Selling, general and administrative | 123.9 | 113.3 | 120.2 | 72.3 | 33.5 | 30.7 |
EBITA | 88.7 | 87.2 | 50.4 | 54.9 | 32.6 | 54.6 |
EBITA margin | 4.3% | 5.0% | 3.5% | 7.0% | 7.2% | 9.1% |
Amortization of intangibles | 6.5 | 11.8 | 13.6 | 3.0 | 0.1 | 0.1 |
EBIT | 82.2 | 75.4 | 36.8 | 51.9 | 32.5 | 54.5 |
EBIT margin | 4.0% | 4.3% | 2.5% | 6.7% | 7.1% | 9.0% |
Pre-tax income | -72.5 | 13.3 | 4.6 | -8.7 | 30.4 | 54.2 |
Income taxes | 11.2 | 12.6 | -1.6 | -12.9 | 13.9 | -10.2 |
Tax rate | | 94.5% | | 148.8% | 45.6% | |
Net income | -85.3 | -1.9 | -19.7 | 4.2 | 16.5 | 65.5 |
Net margin | -4.1% | -0.1% | -1.4% | 0.5% | 3.6% | 10.9% |
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Diluted EPS | ($2.55) | ($0.09) | ($0.97) | $0.20 | $0.77 | $2.99 |
Shares outstanding (diluted) | 33.5 | 20.8 | 20.4 | 21.7 | 21.6 | 21.6 |
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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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