Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Jan-01-22 | Jan-02-21 | Dec-28-19 | Dec-29-18 | Dec-30-17 |
Revenues | 2,631.4 | 2,475.9 | 2,097.8 | 2,548.8 | 2,764.0 | 2,830.1 |
Revenue growth | 6.3% | 18.0% | -17.7% | -7.8% | -2.3% | |
Cost of goods sold | 1,497.1 | 1,368.2 | 1,234.2 | 1,544.5 | 1,649.4 | 1,658.1 |
Gross profit | 1,134.4 | 1,107.7 | 863.7 | 1,004.4 | 1,114.6 | 1,172.0 |
Gross margin | 43.1% | 44.7% | 41.2% | 39.4% | 40.3% | 41.4% |
Selling, general and administrative | 777.7 | 824.7 | 739.9 | 803.4 | 781.5 | 814.5 |
EBITA | 357.7 | 284.0 | 125.5 | 203.9 | 337.2 | 361.6 |
EBITA margin | 13.6% | 11.5% | 6.0% | 8.0% | 12.2% | 12.8% |
Amortization of intangibles | 1.0 | 1.0 | 1.7 | 3.0 | 4.2 | 4.2 |
EBIT | 356.7 | 283.0 | 123.8 | 200.9 | 333.0 | 357.4 |
EBIT margin | 13.6% | 11.4% | 5.9% | 7.9% | 12.0% | 12.6% |
Pre-tax income | 319.1 | 244.6 | 72.9 | 135.2 | 340.1 | 359.2 |
Income taxes | 73.6 | 49.2 | 5.0 | 38.5 | 77.0 | 243.0 |
Tax rate | 23.1% | 20.1% | 6.9% | 28.5% | 22.6% | 67.6% |
Net income | 245.5 | 195.4 | 67.9 | 96.7 | 263.1 | 116.2 |
Net margin | 9.3% | 7.9% | 3.2% | 3.8% | 9.5% | 4.1% |
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Diluted EPS | $4.31 | $3.31 | $1.17 | $1.69 | $4.64 | $2.05 |
Shares outstanding (diluted) | 57.0 | 59.1 | 57.9 | 57.2 | 56.6 | 56.6 |
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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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