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 | 1,973.4 | 1,662.4 | 1,269.6 | 1,215.2 | 1,137.6 | 1,169.3 | 1,030.2 | 959.1 |
Revenue growth | 18.7% | 30.9% | 4.5% | 6.8% | -2.7% | 13.5% | 7.4% | 22.8% |
Cost of goods sold | 1,513.2 | 1,341.8 | 1,053.9 | 964.6 | 955.0 | 990.0 | 864.5 | 818.7 |
Gross profit | 460.2 | 320.7 | 215.7 | 250.6 | 182.6 | 179.4 | 165.7 | 140.4 |
Gross margin | 23.3% | 19.3% | 17.0% | 20.6% | 16.1% | 15.3% | 16.1% | 14.6% |
Selling, general and administrative | | | | | | | | |
General and administrative | 49.8 | 42.2 | 34.9 | 38.7 | 29.6 | 29.6 | 25.4 | 21.5 |
EBITA | 282.0 | 173.6 | 87.4 | 122.6 | 125.3 | 119.0 | 112.3 | 92.7 |
EBITA margin | 14.3% | 10.4% | 6.9% | 10.1% | 11.0% | 10.2% | 10.9% | 9.7% |
Amortization of intangibles | 16.0 | 14.3 | 13.5 | 10.2 | 8.1 | 10.2 | 10.1 | 10.9 |
EBIT | 266.0 | 159.3 | 73.9 | 112.4 | 117.2 | 108.8 | 102.1 | 81.8 |
EBIT margin | 13.5% | 9.6% | 5.8% | 9.3% | 10.3% | 9.3% | 9.9% | 8.5% |
Pre-tax income | 260.8 | 155.0 | 69.4 | 109.7 | 115.4 | 107.5 | 58.1 | 79.7 |
Income taxes | 67.6 | 38.9 | 16.6 | 27.4 | 26.9 | 20.3 | 30.6 | 24.1 |
Tax rate | 25.9% | 25.1% | 23.9% | 25.0% | 23.3% | 18.9% | 52.7% | 30.2% |
Net income | 193.2 | 105.9 | 23.7 | 87.1 | 92.1 | 87.3 | 27.5 | 55.6 |
Net margin | 9.8% | 6.4% | 1.9% | 7.2% | 8.1% | 7.5% | 2.7% | 5.8% |
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Diluted EPS | $7.17 | $4.25 | $1.91 | $2.91 | $3.03 | $2.91 | $0.90 | $1.79 |
Shares outstanding (diluted) | 26.9 | 27.3 | 27.7 | 28.3 | 29.2 | 30.0 | 30.4 | 31.0 |
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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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