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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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
United States | 1,569.2 | 1,328.8 | 1,322.7 | 1,509.0 | 1,741.3 | 1,650.8 | 1,624.1 | 1,848.5 |
Americas | | | | | 1,647.4 | 1,584.7 | 1,589.9 | 1,615.4 |
Asia | | | | | 801.3 | 777.6 | 653.9 | 878.3 |
Europe | | | | | 186.5 | 177.0 | 254.3 | 221.9 |
Other | 1,442.3 | 1,016.2 | 807.5 | 837.8 | | | | |
Total 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% |
United States | 18.1% | 0.5% | -12.3% | -13.3% | 5.5% | 1.6% | -12.1% | -9.3% |
Americas | | | | | 4.0% | -0.3% | -1.6% | -4.9% |
Asia | | | | | 3.0% | 18.9% | -25.6% | -17.7% |
Europe | | | | | 5.4% | -30.4% | 14.6% | -16.2% |
Other Foreign | | | | | 27.5% | -25.7% | -30.9% | 28.1% |
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 | | | | | 128.4 | 130.4 | 113.4 | 107.5 |
Other operating expenses | | | | | 68.8 | | 11.8 | 5.0 |
EBITDA [+] | 424.7 | 339.7 | 300.9 | 312.7 | 119.7 | 134.1 | 144.5 | 156.5 |
EBITDA growth | 25.0% | 12.9% | -3.7% | 161.1% | -10.7% | -7.2% | -7.6% | 1.8% |
EBITDA margin | 14.1% | 14.5% | 14.1% | 13.3% | 4.5% | 5.5% | 6.2% | 6.2% |
Depreciation | 37.9 | 37.8 | 39.7 | 39.0 | 38.4 | 36.7 | 41.4 | 42.8 |
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 growth | 28.7% | 17.2% | -4.6% | 289.1% | -20.5% | -4.4% | -16.3% | -0.4% |
EBIT margin | 12.6% | 12.6% | 11.8% | 11.3% | 2.6% | 3.5% | 3.8% | 4.2% |
Non-recurring items | | | | | 9.4 | 8.6 | 12.5 | 13.9 |
Interest expense, net [+] | -1.7 | -0.5 | -1.2 | -3.8 | 3.6 | 4.0 | 7.2 | 1.8 |
Interest expense | 12.9 | 8.5 | 8.4 | 6.7 | 10.5 | 9.4 | 9.3 | 3.0 |
Interest income | 1.7 | 0.5 | 1.2 | 3.8 | 6.8 | 5.4 | 2.1 | 1.2 |
Other income (expense), net | -284.9 | -242.2 | -227.7 | -234.1 | 0.6 | -1.8 | -0.3 | -1.1 |
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% |
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Basic EPS [+] | $1.94 | $1.00 | $0.38 | $0.61 | $0.49 | ($0.64) | $1.30 | $1.85 |
Growth | 93.3% | 160.7% | -37.0% | 24.1% | -176.7% | -149.5% | -29.9% | 21.9% |
Diluted EPS [+] | $1.91 | $0.99 | $0.38 | $0.60 | $0.49 | ($0.64) | $1.28 | $1.83 |
Growth | 92.8% | 159.5% | -36.8% | 23.6% | -176.2% | -150.0% | -29.9% | 22.2% |
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Dividends per share [+] | | | | | $0.45 | | | |
Growth | | | | -100.0% | | | | |
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Shares outstanding (basic) [+] | 35.2 | 35.7 | 36.5 | 38.3 | 46.3 | 49.7 | 49.3 | 51.6 |
Growth | -1.3% | -2.4% | -4.7% | -17.3% | -6.7% | 0.8% | -4.4% | -3.7% |
Shares outstanding (diluted) [+] | 35.7 | 36.1 | 36.8 | 38.8 | 46.7 | 49.7 | 49.8 | 52.1 |
Growth | -1.1% | -1.9% | -5.0% | -16.9% | -6.1% | -0.3% | -4.3% | -3.9% |
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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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