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 | 1,310.1 | 1,283.6 | 1,217.2 | 1,285.1 | 1,447.6 | 1,602.1 | 1,630.4 | 1,539.1 |
Revenue growth | 2.1% | 5.5% | -5.3% | -11.2% | -9.6% | -1.7% | 5.9% | -0.7% |
Cost of goods sold | 690.2 | 684.1 | 653.0 | 662.2 | 1,704.9 | 1,851.1 | 1,914.8 | 760.6 |
Gross profit | 619.9 | 599.5 | 564.2 | 622.9 | -257.3 | -249.0 | -284.4 | 778.5 |
Gross margin | 47.3% | 46.7% | 46.4% | 48.5% | -17.8% | -15.5% | -17.4% | 50.6% |
Selling, general and administrative | 475.0 | 468.8 | 396.8 | 497.1 | 362.6 | 446.6 | 352.6 | 697.5 |
General and administrative | 287.8 | 289.7 | 285.2 | 289.3 | 63.8 | 66.1 | 61.9 | 62.3 |
EBITA | 93.6 | 74.3 | 103.5 | 52.6 | 20.0 | 16.7 | 98.0 | 17.6 |
EBITA margin | 7.1% | 5.8% | 8.5% | 4.1% | 1.4% | 1.0% | 6.0% | 1.1% |
Amortization of intangibles | 0.4 | 0.6 | 0.5 | 0.6 | 1.5 | 2.1 | 3.0 | 2.7 |
EBIT | 93.2 | 73.7 | 103.0 | 52.0 | 18.5 | 14.6 | 95.0 | 14.9 |
EBIT margin | 7.1% | 5.7% | 8.5% | 4.0% | 1.3% | 0.9% | 5.8% | 1.0% |
Pre-tax income | 39.8 | -43.6 | 6.1 | -64.3 | -10.9 | -36.6 | 42.5 | -30.4 |
Income taxes | 5.6 | -5.7 | 14.0 | -4.0 | 13.1 | -6.8 | 26.6 | 47.3 |
Tax rate | 14.1% | 13.1% | 229.5% | 6.2% | | 18.6% | 62.6% | |
Net income | 34.2 | -37.9 | -7.9 | -60.3 | -24.0 | -29.8 | 15.9 | -77.7 |
Net margin | 2.6% | -3.0% | -0.6% | -4.7% | -1.7% | -1.9% | 1.0% | -5.0% |
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Diluted EPS | $0.34 | ($0.42) | ($0.10) | ($0.85) | ($0.37) | ($0.47) | $0.24 | ($1.25) |
Shares outstanding (diluted) | 100.1 | 89.7 | 77.8 | 71.1 | 64.3 | 62.9 | 65.9 | 62.1 |
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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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