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 | 3,011.5 | 2,344.9 | 2,130.2 | 2,346.8 | 2,635.2 | 2,454.5 | 2,322.3 | 2,540.9 |
Revenue growth | 28.4% | 10.1% | -9.2% | -10.9% | 7.4% | 5.7% | -8.6% | -9.2% |
Cost of goods sold | 2,631.1 | 2,049.4 | 1,878.1 | 2,082.6 | 2,360.6 | 2,228.6 | 2,107.6 | 2,321.6 |
Gross profit | 380.4 | 295.5 | 252.2 | 264.2 | 274.6 | 225.9 | 214.7 | 219.3 |
Gross margin | 12.6% | 12.6% | 11.8% | 11.3% | 10.4% | 9.2% | 9.2% | 8.6% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 128.4 | 130.4 | 113.4 | 107.5 |
EBITA | 386.8 | 301.9 | 261.3 | 273.7 | 81.3 | 97.5 | 103.1 | 113.7 |
EBITA margin | 12.8% | 12.9% | 12.3% | 11.7% | 3.1% | 4.0% | 4.4% | 4.5% |
Amortization of intangibles | 6.4 | 6.4 | 9.1 | 9.5 | 13.4 | 12.0 | 13.7 | 6.9 |
EBIT | 380.4 | 295.5 | 252.2 | 264.2 | 67.9 | 85.5 | 89.4 | 106.8 |
EBIT margin | 12.6% | 12.6% | 11.8% | 11.3% | 2.6% | 3.5% | 3.8% | 4.2% |
Pre-tax income | 84.3 | 45.4 | 17.3 | 27.3 | 55.5 | 71.0 | 69.4 | 90.0 |
Income taxes | 16.1 | 9.6 | 3.2 | 3.8 | 32.7 | 102.9 | 5.5 | -5.4 |
Tax rate | 19.1% | 21.2% | 18.7% | 14.1% | 58.9% | 144.9% | 7.9% | |
Net income | 68.2 | 35.8 | 14.1 | 23.4 | 22.8 | -31.9 | 63.9 | 95.4 |
Net margin | 2.3% | 1.5% | 0.7% | 1.0% | 0.9% | -1.3% | 2.8% | 3.8% |
|
Diluted EPS | $1.91 | $0.99 | $0.38 | $0.60 | $0.49 | ($0.64) | $1.28 | $1.83 |
Shares outstanding (diluted) | 35.7 | 36.1 | 36.8 | 38.8 | 46.7 | 49.7 | 49.8 | 52.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|