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 | 695.2 | 693.0 | 687.3 | 627.7 | 581.3 | 596.4 | 704.4 | 847.3 |
Revenue growth | 0.3% | 0.8% | 9.5% | 8.0% | -2.5% | -15.3% | -16.9% | -7.3% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 101.9 | 109.9 | 143.3 | 235.1 | 289.8 |
Gross profit | 695.2 | 693.0 | 687.3 | 525.8 | 471.4 | 453.1 | 469.3 | 557.5 |
Gross margin | 100.0% | 100.0% | 100.0% | 83.8% | 81.1% | 76.0% | 66.6% | 65.8% |
Selling, general and administrative | 565.6 | 544.0 | 544.4 | | | | | |
General and administrative | | | | 430.2 | 390.7 | 405.0 | 477.7 | 564.2 |
EBITA | 146.2 | 153.6 | 153.3 | 86.5 | 71.3 | 34.1 | -31.2 | -31.6 |
EBITA margin | 21.0% | 22.2% | 22.3% | 13.8% | 12.3% | 5.7% | -4.4% | -3.7% |
Amortization of intangibles | 7.3 | 4.5 | 2.8 | | | | | 0.1 |
EBIT | 138.9 | 149.1 | 150.5 | 86.5 | 71.3 | 34.1 | -31.2 | -31.7 |
EBIT margin | 20.0% | 21.5% | 21.9% | 13.8% | 12.3% | 5.7% | -4.4% | -3.7% |
Pre-tax income | 134.3 | 149.1 | 146.7 | 93.0 | 74.4 | 72.6 | -31.4 | -94.4 |
Income taxes | 38.4 | 39.4 | 22.5 | 22.4 | 18.6 | 67.1 | -16.6 | -147.5 |
Tax rate | 28.6% | 26.5% | 15.3% | 24.1% | 25.0% | 92.5% | 52.8% | 156.1% |
Earnings from continuing ops | 95.9 | 109.6 | 124.3 | 70.6 | 55.8 | -30.9 | -14.8 | 53.0 |
Earnings from discontinued ops | | | | -0.6 | -0.6 | -1.0 | -3.9 | -1.1 |
Net income | 95.9 | 109.6 | 124.3 | 70.0 | 55.2 | -31.9 | -18.7 | 51.9 |
Net margin | 13.8% | 15.8% | 18.1% | 11.1% | 9.5% | -5.3% | -2.7% | 6.1% |
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Diluted EPS | $1.39 | $1.55 | $1.74 | $0.98 | $0.78 | ($0.45) | ($0.22) | $0.78 |
Shares outstanding (diluted) | 69.0 | 70.9 | 71.3 | 72.1 | 71.5 | 68.9 | 68.4 | 68.3 |
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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. |