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 | 1,106.0 | 1,197.0 | 880.8 | 745.3 | 684.3 | 565.2 | 479.6 | 440.8 |
Revenue growth | -7.6% | 35.9% | 18.2% | 8.9% | 21.1% | 17.8% | 8.8% | 12.5% |
Cost of goods sold | 702.1 | 736.4 | 521.4 | 438.8 | 389.4 | 321.8 | 292.5 | 285.9 |
Gross profit | 404.0 | 460.5 | 359.5 | 306.5 | 294.9 | 243.4 | 187.1 | 154.9 |
Gross margin | 36.5% | 38.5% | 40.8% | 41.1% | 43.1% | 43.1% | 39.0% | 35.1% |
Selling, general and administrative | 141.8 | 139.6 | 125.8 | 118.3 | 118.2 | 101.0 | 83.1 | 77.5 |
EBITA | 262.6 | 321.3 | 233.6 | 188.6 | 179.8 | 142.4 | 104.0 | 77.4 |
EBITA margin | 23.7% | 26.8% | 26.5% | 25.3% | 26.3% | 25.2% | 21.7% | 17.6% |
Amortization of intangibles | 0.4 | 0.4 | | 0.4 | 3.1 | | | |
EBIT | 262.2 | 320.9 | 233.6 | 188.2 | 176.7 | 142.4 | 104.0 | 77.4 |
EBIT margin | 23.7% | 26.8% | 26.5% | 25.2% | 25.8% | 25.2% | 21.7% | 17.6% |
Pre-tax income | 246.8 | 275.4 | 234.6 | 189.7 | 176.9 | 141.9 | 102.8 | 76.8 |
Income taxes | 62.2 | 66.7 | 59.0 | 45.0 | 42.3 | 46.8 | 35.0 | 28.7 |
Tax rate | 25.2% | 24.2% | 25.1% | 23.7% | 23.9% | 33.0% | 34.0% | 37.4% |
Net income | 184.6 | 208.7 | 175.6 | 144.7 | 134.6 | 95.1 | 67.8 | 48.1 |
Net margin | 16.7% | 17.4% | 19.9% | 19.4% | 19.7% | 16.8% | 14.1% | 10.9% |
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Diluted EPS | $1.65 | $1.80 | $1.51 | $1.23 | $1.14 | $1.61 | $1.15 | $1.52 |
Shares outstanding (diluted) | 111.9 | 115.8 | 116.3 | 117.3 | 118.1 | 59.2 | 59.2 | 31.7 |
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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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