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 | 1,390.0 | 1,339.8 | 1,032.6 | 898.2 | 837.1 | 986.9 | 1,008.0 | 1,040.9 |
| Revenue growth | 3.7% | 29.8% | 15.0% | 7.3% | -15.2% | -2.1% | -3.2% | 20.7% |
| Cost of goods sold | 1,071.3 | 1,049.8 | 776.2 | 678.3 | 626.2 | 750.4 | 763.2 | 853.9 |
| Gross profit | 318.7 | 290.0 | 256.3 | 219.9 | 210.9 | 236.5 | 244.8 | 187.0 |
| Gross margin | 22.9% | 21.6% | 24.8% | 24.5% | 25.2% | 24.0% | 24.3% | 18.0% |
| Selling, general and administrative | 188.6 | 184.7 | 149.2 | 139.1 | 128.2 | 143.4 | 161.1 | 133.4 |
| EBITA | 144.0 | 125.3 | 116.9 | 88.1 | 90.2 | 100.0 | 100.8 | 69.9 |
| EBITA margin | 10.4% | 9.4% | 11.3% | 9.8% | 10.8% | 10.1% | 10.0% | 6.7% |
| Amortization of intangibles | 11.6 | 18.9 | 9.7 | 6.9 | 7.2 | 8.8 | 9.6 | 12.7 |
| EBIT | 132.4 | 106.5 | 107.3 | 81.2 | 83.1 | 91.2 | 91.2 | 57.2 |
| EBIT margin | 9.5% | 7.9% | 10.4% | 9.0% | 9.9% | 9.2% | 9.0% | 5.5% |
| Pre-tax income | 111.5 | 99.6 | 107.8 | 78.1 | 67.1 | 77.9 | 50.0 | 37.1 |
| Income taxes | 29.1 | 25.0 | 24.5 | 18.2 | 13.0 | 14.9 | 16.3 | 13.6 |
| Tax rate | 26.1% | 25.2% | 22.7% | 23.2% | 19.4% | 19.2% | 32.5% | 36.7% |
| Net income | 82.4 | 75.6 | 64.6 | 65.1 | 63.8 | 62.6 | 33.7 | 23.4 |
| Net margin | 5.9% | 5.6% | 6.3% | 7.2% | 7.6% | 6.3% | 3.3% | 2.3% |
| |
| Diluted EPS | $2.56 | $2.25 | $2.53 | $1.83 | $1.66 | $1.95 | $1.05 | $0.74 |
| Shares outstanding (diluted) | 32.2 | 33.1 | 32.9 | 32.7 | 32.5 | 32.3 | 32.1 | 31.5 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|