Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 2,056.3 | 1,911.8 | 1,839.7 | 1,566.6 | 1,365.6 | 1,121.3 | 1,034.9 | 995.9 |
Revenue growth | 7.6% | 3.9% | 17.4% | 14.7% | 21.8% | 8.4% | 3.9% | 4.7% |
Cost of goods sold | 1,587.8 | 1,449.6 | 1,420.0 | 1,258.8 | 1,106.9 | 877.1 | 824.3 | 779.9 |
Gross profit | 468.5 | 462.3 | 419.7 | 307.8 | 258.7 | 244.2 | 210.5 | 216.0 |
Gross margin | 22.8% | 24.2% | 22.8% | 19.6% | 18.9% | 21.8% | 20.3% | 21.7% |
Selling, general and administrative | 278.7 | 276.0 | 271.9 | 224.2 | 187.1 | 147.2 | 138.9 | 130.5 |
EBITA | 195.5 | 193.6 | 147.8 | 77.9 | 48.0 | 95.5 | 58.2 | 83.9 |
EBITA margin | 9.5% | 10.1% | 8.0% | 5.0% | 3.5% | 8.5% | 5.6% | 8.4% |
Amortization of intangibles | 21.3 | 25.1 | 25.3 | 22.1 | 20.2 | 26.9 | 26.7 | 27.1 |
EBIT | 174.3 | 168.5 | 122.5 | 55.7 | 27.8 | 68.6 | 31.5 | 56.8 |
EBIT margin | 8.5% | 8.8% | 6.7% | 3.6% | 2.0% | 6.1% | 3.0% | 5.7% |
Pre-tax income | 115.0 | 23.5 | 31.6 | -31.4 | -79.2 | -36.2 | -83.8 | 32.7 |
Income taxes | 46.7 | -52.0 | -0.7 | -0.1 | 0.3 | 2.8 | 0.7 | 5.0 |
Tax rate | 40.6% | | | 0.3% | | | | 15.4% |
Net income | 68.3 | 75.5 | 32.3 | -31.3 | -79.5 | -39.1 | -84.5 | 27.7 |
Net margin | 3.3% | 3.9% | 1.8% | -2.0% | -5.8% | -3.5% | -8.2% | 2.8% |
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Diluted EPS | $0.99 | $1.10 | $0.47 | ($0.46) | ($1.32) | ($0.80) | ($1.73) | $276.67 |
Shares outstanding (diluted) | 69.0 | 68.3 | 68.1 | 67.8 | 60.0 | 49.0 | 49.0 | 0.1 |
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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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