Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | -1,392.0 | -1,210.2 | -974.9 | 1,506.2 | 1,711.4 | 1,758.5 | 1,650.5 | 1,779.1 |
Revenue growth | 15.0% | 24.1% | -164.7% | -12.0% | -2.7% | 6.5% | -7.2% | 7.3% |
Cost of goods sold | -1,578.7 | -1,394.4 | -1,156.6 | 1,335.9 | 1,546.8 | 1,576.2 | 1,467.3 | 1,583.5 |
Gross profit | 186.7 | 184.2 | 181.7 | 170.3 | 164.6 | 182.3 | 183.2 | 195.6 |
Gross margin | -13.4% | -15.2% | -18.6% | 11.3% | 9.6% | 10.4% | 11.1% | 11.0% |
Selling, general and administrative | 92.7 | 83.8 | 82.8 | 83.2 | 76.9 | 110.8 | 92.7 | 69.4 |
EBITA | 94.4 | 100.5 | 99.0 | 87.5 | 88.9 | 73.1 | 90.1 | 125.5 |
EBITA margin | -6.8% | -8.3% | -10.2% | 5.8% | 5.2% | 4.2% | 5.5% | 7.1% |
Amortization of intangibles | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 |
EBIT | 94.0 | 100.4 | 98.9 | 87.4 | 88.8 | 73.0 | 90.0 | 125.3 |
EBIT margin | -6.8% | -8.3% | -10.1% | 5.8% | 5.2% | 4.2% | 5.5% | 7.0% |
Pre-tax income | 75.9 | 85.6 | 49.5 | 51.4 | 47.6 | 31.4 | 31.1 | 85.8 |
Income taxes | 17.3 | 33.9 | 16.7 | 15.9 | -16.6 | -22.2 | 19.2 | 31.4 |
Tax rate | 22.8% | 39.6% | 33.7% | 30.9% | | | 61.7% | 36.6% |
Net income | 58.2 | 51.1 | 32.2 | 35.6 | 31.7 | 10.4 | 12.5 | 55.1 |
Net margin | -4.2% | -4.2% | -3.3% | 2.4% | 1.9% | 0.6% | 0.8% | 3.1% |
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Diluted EPS | $2.61 | $2.31 | $1.49 | $1.66 | $1.49 | $0.49 | $0.59 | $2.61 |
Shares outstanding (diluted) | 22.3 | 22.1 | 21.6 | 21.4 | 21.3 | 21.2 | 21.1 | 21.1 |
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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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