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 | 1,933.6 | 1,939.4 | 1,638.8 | 1,731.1 | 1,661.9 | 1,729.0 | 1,364.3 | 1,348.8 |
Revenue growth | -0.3% | 18.3% | -5.3% | 4.2% | -3.9% | 26.7% | 1.1% | -18.3% |
Cost of goods sold | 1,542.5 | 1,493.2 | 1,287.6 | 1,344.9 | 1,099.7 | 1,159.3 | 1,099.6 | 1,156.5 |
Gross profit | 391.1 | 446.2 | 351.2 | 386.2 | 562.2 | 569.7 | 264.7 | 192.3 |
Gross margin | 20.2% | 23.0% | 21.4% | 22.3% | 33.8% | 32.9% | 19.4% | 14.3% |
Selling, general and administrative | 216.2 | 248.9 | 218.6 | 228.2 | 228.3 | 200.6 | 168.5 | 178.0 |
General and administrative | -15.1 | | | | | | | |
EBIT | 159.6 | 187.1 | 116.2 | 145.8 | 330.1 | 347.8 | 92.9 | -1.1 |
EBIT margin | 8.3% | 9.6% | 7.1% | 8.4% | 19.9% | 20.1% | 6.8% | -0.1% |
Pre-tax income | 133.9 | 153.4 | 80.0 | 121.1 | 293.8 | 305.7 | 61.2 | -30.8 |
Income taxes | 29.4 | 40.5 | 16.1 | 34.0 | 88.8 | -48.8 | 17.9 | 142.8 |
Tax rate | 22.0% | 26.4% | 20.1% | 28.1% | 30.2% | | 29.2% | |
Net income | 104.5 | 112.9 | 63.9 | 87.1 | 205.0 | 354.5 | 43.3 | -173.6 |
Net margin | 5.4% | 5.8% | 3.9% | 5.0% | 12.3% | 20.5% | 3.2% | -12.9% |
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Diluted EPS | $0.90 | $0.98 | $0.55 | $0.75 | $1.77 | $3.06 | $0.37 | ($1.50) |
Shares outstanding (diluted) | 115.5 | 115.5 | 115.6 | 115.8 | 115.9 | 115.9 | 115.9 | 115.9 |
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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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