Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-25-21 | Dec-26-20 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Dec-26-15 |
Revenues | 4,345.3 | 3,501.6 | 2,895.4 | 2,767.0 | 2,757.1 | 2,746.0 | 2,521.7 | 2,618.9 |
Revenue growth | 24.1% | 20.9% | 4.6% | 0.4% | 0.4% | 8.9% | -3.7% | -16.1% |
Cost of goods sold | 3,219.0 | 2,617.7 | 2,129.8 | 2,084.3 | 2,089.0 | 2,064.2 | 1,865.4 | 1,997.9 |
Gross profit | 1,126.2 | 883.9 | 765.5 | 682.7 | 668.2 | 681.8 | 656.2 | 621.0 |
Gross margin | 25.9% | 25.2% | 26.4% | 24.7% | 24.2% | 24.8% | 26.0% | 23.7% |
Selling, general and administrative | 693.0 | 590.6 | 522.9 | 454.8 | 440.2 | 414.7 | 410.9 | 447.4 |
EBITA | 454.4 | 313.7 | 259.7 | 246.0 | 243.3 | 283.0 | 261.3 | 191.8 |
EBITA margin | 10.5% | 9.0% | 9.0% | 8.9% | 8.8% | 10.3% | 10.4% | 7.3% |
Amortization of intangibles | 22.1 | 21.3 | 18.1 | 18.1 | 15.3 | 15.9 | 15.9 | 18.3 |
EBIT | 432.3 | 292.3 | 241.6 | 227.9 | 228.0 | 267.1 | 245.4 | 173.4 |
EBIT margin | 9.9% | 8.3% | 8.3% | 8.2% | 8.3% | 9.7% | 9.7% | 6.6% |
Pre-tax income | 363.9 | 260.1 | 192.8 | 199.9 | 153.3 | 228.5 | 220.5 | 93.0 |
Income taxes | 108.7 | 61.4 | 49.6 | 47.8 | 45.6 | 106.1 | 42.1 | 47.4 |
Tax rate | 29.9% | 23.6% | 25.7% | 23.9% | 29.7% | 46.5% | 19.1% | 51.0% |
Net income | 250.9 | 195.6 | 140.7 | 146.4 | 101.8 | 116.2 | 173.2 | 40.1 |
Net margin | 5.8% | 5.6% | 4.9% | 5.3% | 3.7% | 4.2% | 6.9% | 1.5% |
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Diluted EPS | $11.62 | $9.10 | $6.57 | $6.73 | $4.53 | $5.11 | $7.63 | $1.71 |
Shares outstanding (diluted) | 21.6 | 21.5 | 21.4 | 21.8 | 22.4 | 22.7 | 22.7 | 23.4 |
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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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