Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 1,904.0 | 1,870.0 | 1,868.0 | 1,752.0 | 1,699.0 | 1,645.0 | 1,682.0 | 1,630.0 |
Revenue growth | 1.8% | 0.1% | 6.6% | 3.1% | 3.3% | -2.2% | 3.2% | -0.8% |
Cost of goods sold | 1,472.0 | 1,435.0 | 1,386.0 | 1,322.0 | 1,263.0 | 273.0 | 102.0 | 100.0 |
Gross profit | 432.0 | 435.0 | 482.0 | 430.0 | 436.0 | 1,372.0 | 1,580.0 | 1,530.0 |
Gross margin | 22.7% | 23.3% | 25.8% | 24.5% | 25.7% | 83.4% | 93.9% | 93.9% |
Selling, general and administrative | 120.0 | 122.0 | 115.0 | 112.0 | 100.0 | 93.0 | 97.0 | 82.0 |
EBIT | 92.0 | 98.0 | 155.0 | 104.0 | 133.0 | 165.0 | 228.0 | 243.0 |
EBIT margin | 4.8% | 5.2% | 8.3% | 5.9% | 7.8% | 10.0% | 13.6% | 14.9% |
Pre-tax income | -50.0 | -3.0 | 117.0 | -135.0 | 14.0 | -28.0 | 4.0 | 79.0 |
Income taxes | -18.0 | -7.0 | -29.0 | -191.0 | 22.0 | -84.0 | -15.0 | -43.0 |
Tax rate | 36.0% | 233.3% | | 141.5% | 157.1% | 300.0% | | |
Earnings from continuing ops | -28.0 | 10.0 | 152.0 | 57.0 | -4.0 | 68.0 | -2.0 | 84.0 |
Earnings from discontinued ops | | | | | | | | -52.0 |
Net income | -28.0 | 10.0 | 152.0 | 57.0 | -4.0 | 68.0 | -2.0 | 32.0 |
Net margin | -1.5% | 0.5% | 8.1% | 3.3% | -0.2% | 4.1% | -0.1% | 2.0% |
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Diluted EPS | ($0.21) | $0.08 | $1.15 | $0.44 | ($0.03) | $0.51 | ($0.02) | $0.65 |
Shares outstanding (diluted) | 132.0 | 133.0 | 132.0 | 131.0 | 129.0 | 133.0 | 130.0 | 130.0 |
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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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