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 | 1,695.4 | 1,524.9 | 1,310.6 | 1,561.8 | 1,584.6 | 1,372.0 | 1,163.5 | 965.1 |
| Revenue growth | 11.2% | 16.3% | -16.1% | -1.4% | 15.5% | 17.9% | 20.6% | 13.9% |
| Cost of goods sold | 1,096.9 | 1,004.1 | 859.9 | 1,052.2 | 1,110.0 | 958.5 | 815.6 | 670.0 |
| Gross profit | 598.5 | 520.8 | 450.8 | 509.5 | 474.6 | 413.5 | 348.0 | 295.0 |
| Gross margin | 35.3% | 34.2% | 34.4% | 32.6% | 30.0% | 30.1% | 29.9% | 30.6% |
| Selling, general and administrative | 383.4 | 304.0 | 290.8 | 356.8 | 352.8 | 337.7 | 282.3 | 230.2 |
| Research and development | | | | | | | | |
| EBITA | 218.2 | 227.0 | 190.1 | 172.1 | 68.6 | 93.8 | 102.0 | 77.4 |
| EBITA margin | 12.9% | 14.9% | 14.5% | 11.0% | 4.3% | 6.8% | 8.8% | 8.0% |
| Amortization of intangibles | | 18.5 | 20.8 | 22.4 | 29.9 | 29.7 | 31.4 | 16.3 |
| EBIT | 218.2 | 208.6 | 169.4 | 149.8 | 38.7 | 64.0 | 70.6 | 61.1 |
| EBIT margin | 12.9% | 13.7% | 12.9% | 9.6% | 2.4% | 4.7% | 6.1% | 6.3% |
| Pre-tax income | 280.1 | 200.9 | 125.4 | 61.1 | 20.3 | 57.3 | 26.5 | -8.4 |
| Income taxes | 73.9 | 84.1 | 38.1 | 15.9 | 12.6 | 51.3 | 24.0 | -78.7 |
| Tax rate | 26.4% | 41.9% | 30.4% | 26.0% | 61.9% | 89.5% | 90.3% | 936.2% |
| Earnings from continuing ops | 206.2 | 132.4 | 167.0 | 4.0 | -32.6 | 0.0 | 6.6 | 50.5 |
| Earnings from discontinued ops | | 0.1 | -10.2 | | | | | 86.3 |
| Net income | 206.2 | 132.6 | 156.8 | 4.0 | -32.6 | 0.0 | 6.6 | 136.7 |
| Net margin | 12.2% | 8.7% | 12.0% | 0.3% | -2.1% | 0.0% | 0.6% | 14.2% |
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| Diluted EPS | | $4.58 | $3.25 | $0.16 | ($1.25) | $0.00 | $0.25 | $1.84 |
| Shares outstanding (diluted) | | 28.9 | 51.4 | 25.0 | 26.0 | 26.3 | 26.5 | 27.4 |
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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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