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 | 1,205.0 | 1,150.0 | 1,029.0 | 1,242.0 | 1,320.0 | 1,386.0 | 1,643.0 | 1,803.0 |
| Revenue growth | 4.8% | 11.8% | -17.1% | -5.9% | -4.8% | -15.6% | -8.9% | -11.9% |
| Cost of goods sold | 1,035.0 | 986.0 | 894.0 | 1,060.0 | 1,140.0 | 0.0 | 1,240.0 | 1,422.0 |
| Gross profit | 170.0 | 164.0 | 135.0 | 182.0 | 180.0 | 1,386.0 | 403.0 | 381.0 |
| Gross margin | 14.1% | 14.3% | 13.1% | 14.7% | 13.6% | 100.0% | 24.5% | 21.1% |
| Selling, general and administrative | 153.0 | 177.0 | 172.0 | 211.0 | 224.0 | 122.0 | 198.0 | 226.0 |
| Research and development | 34.0 | 33.0 | 34.0 | 42.0 | 48.0 | | 60.0 | 61.0 |
| EBITA | -11.0 | -35.0 | -52.0 | -79.0 | -90.0 | 56.0 | 148.0 | 125.0 |
| EBITA margin | -0.9% | -3.0% | -5.1% | -6.4% | -6.8% | 4.0% | 9.0% | 6.9% |
| Amortization of intangibles | 5.0 | 5.0 | 5.0 | 7.0 | 11.0 | 17.0 | 19.0 | 25.0 |
| EBIT | -16.0 | -40.0 | -57.0 | -86.0 | -101.0 | 39.0 | 129.0 | 100.0 |
| EBIT margin | -1.3% | -3.5% | -5.5% | -6.9% | -7.7% | 2.8% | 7.9% | 5.5% |
| Pre-tax income | 31.0 | 28.0 | -376.0 | -60.0 | -13.0 | -26.0 | 51.0 | -35.0 |
| Income taxes | 5.0 | 4.0 | 168.0 | 31.0 | -4.0 | 0.0 | 33.0 | 32.0 |
| Tax rate | 16.1% | 14.3% | | | 30.8% | 0.0% | 64.7% | |
| Earnings from continuing ops | 26.0 | 24.0 | -1,088.0 | -91.0 | -9.0 | | 35.0 | -72.0 |
| Earnings from discontinued ops | | | 3.0 | 207.0 | -7.0 | | -2.0 | -8.0 |
| Net income | 26.0 | 24.0 | -1,085.0 | 116.0 | -16.0 | 0.0 | 33.0 | -80.0 |
| Net margin | 2.2% | 2.1% | -105.4% | 9.3% | -1.2% | 0.0% | 2.0% | -4.4% |
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| Diluted EPS | $0.32 | $0.30 | ($18.95) | ($2.12) | ($0.21) | $0.00 | $0.82 | ($1.72) |
| Shares outstanding (diluted) | 80.6 | 80.5 | 57.4 | 43.0 | 42.7 | 42.7 | 42.5 | 41.9 |
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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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