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 | 2,502.1 | 1,803.3 | 1,481.9 | 2,319.1 | 2,267.3 | 1,767.2 | 1,852.4 | 2,027.5 |
Revenue growth | 38.8% | 21.7% | -36.1% | 2.3% | 28.3% | -4.6% | -8.6% | 8.8% |
Cost of goods sold | 2,179.4 | 1,606.8 | 1,322.1 | 2,012.8 | 1,983.6 | 1,506.3 | 1,526.9 | 1,731.3 |
Gross profit | 322.7 | 196.5 | 159.8 | 306.4 | 283.7 | 260.9 | 325.5 | 296.1 |
Gross margin | 12.9% | 10.9% | 10.8% | 13.2% | 12.5% | 14.8% | 17.6% | 14.6% |
Sales and marketing | 27.1 | 23.7 | 25.1 | 34.9 | 33.0 | 25.6 | 27.3 | 27.2 |
General and administrative | 113.1 | 88.8 | 92.7 | 108.3 | 95.1 | 77.8 | 74.1 | 73.5 |
EBITA | 181.9 | 56.4 | -63.6 | 163.3 | 130.5 | 157.5 | 222.5 | 201.6 |
EBITA margin | 7.3% | 3.1% | -4.3% | 7.0% | 5.8% | 8.9% | 12.0% | 9.9% |
Amortization of intangibles | 15.2 | 22.9 | 22.0 | 20.5 | 19.5 | 17.0 | 19.9 | 21.3 |
EBIT | 166.6 | 33.5 | -85.6 | 142.8 | 111.1 | 140.4 | 202.5 | 180.4 |
EBIT margin | 6.7% | 1.9% | -5.8% | 6.2% | 4.9% | 7.9% | 10.9% | 8.9% |
Pre-tax income | 146.4 | 1.3 | -109.2 | 117.7 | 96.0 | 122.5 | 185.4 | 163.3 |
Income taxes | 33.7 | 0.1 | -11.8 | 28.2 | 26.6 | 11.1 | 66.0 | 59.0 |
Tax rate | 23.0% | 9.8% | 10.8% | 23.9% | 27.7% | 9.1% | 35.6% | 36.1% |
Net income | 112.3 | 1.2 | -97.4 | 89.6 | 69.4 | 111.4 | 119.4 | 104.3 |
Net margin | 4.5% | 0.1% | -6.6% | 3.9% | 3.1% | 6.3% | 6.4% | 5.1% |
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Diluted EPS | $2.25 | $0.02 | ($1.84) | $1.62 | $1.19 | $1.78 | $1.82 | $1.50 |
Shares outstanding (diluted) | 49.9 | 51.6 | 52.9 | 55.3 | 58.4 | 62.6 | 65.8 | 69.4 |
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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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