Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 546.1 | 644.1 | 597.5 | 529.9 | 529.2 | 481.8 | 587.7 | 501.0 |
Revenue growth | -15.2% | 7.8% | 12.8% | 0.1% | 9.8% | -18.0% | 17.3% | 19.8% |
Cost of goods sold | 173.3 | 179.2 | 180.2 | 181.7 | 173.9 | 146.5 | 241.7 | 244.8 |
Gross profit | 372.8 | 464.9 | 417.2 | 348.2 | 355.3 | 335.2 | 346.0 | 256.2 |
Gross margin | 68.3% | 72.2% | 69.8% | 65.7% | 67.1% | 69.6% | 58.9% | 51.1% |
General and administrative | 29.1 | 29.0 | 27.7 | 27.0 | 26.3 | 25.6 | 21.8 | 21.0 |
EBITA | -27.7 | 131.9 | 113.5 | 38.2 | 76.3 | 96.1 | 186.0 | 76.0 |
EBITA margin | -5.1% | 20.5% | 19.0% | 7.2% | 14.4% | 20.0% | 31.6% | 15.2% |
Amortization of intangibles | | | | | | 6.3 | | |
EBIT | -27.7 | 131.9 | 113.5 | 38.2 | 76.3 | 89.8 | 186.0 | 76.0 |
EBIT margin | -5.1% | 20.5% | 19.0% | 7.2% | 14.4% | 18.6% | 31.6% | 15.2% |
Pre-tax income | -150.6 | 27.2 | 14.0 | -101.0 | 9.2 | 56.5 | 158.4 | 33.7 |
Income taxes | 0.8 | 3.2 | -1.1 | -1.8 | 1.6 | 0.7 | 0.2 | 0.2 |
Tax rate | | 11.8% | | 1.8% | 17.1% | 1.3% | 0.1% | 0.6% |
Net income | -187.2 | -15.1 | -28.0 | -133.0 | -16.2 | 39.9 | 144.8 | 25.1 |
Net margin | -34.3% | -2.3% | -4.7% | -25.1% | -3.1% | 8.3% | 24.6% | 5.0% |
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Diluted EPS | ($9.53) | ($0.80) | ($1.58) | ($7.63) | ($0.19) | $0.47 | $1.69 | $0.32 |
Shares outstanding (diluted) | 19.7 | 18.8 | 17.8 | 17.4 | 84.7 | 84.9 | 85.8 | 79.1 |
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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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