Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 2,622.0 | 1,172.7 | 1,514.1 | 1,585.9 | 1,397.5 | 1,330.6 | 1,392.7 | 1,357.1 |
Revenue growth | 123.6% | -22.5% | -4.5% | 13.5% | 5.0% | -4.5% | 2.6% | 4.5% |
Cost of goods sold | 2,348.1 | 941.3 | 1,215.2 | 1,300.7 | 1,183.4 | 1,000.8 | 1,115.4 | 1,117.5 |
Gross profit | 273.9 | 231.4 | 298.9 | 285.2 | 214.1 | 329.8 | 277.3 | 239.6 |
Gross margin | 10.4% | 19.7% | 19.7% | 18.0% | 15.3% | 24.8% | 19.9% | 17.7% |
Selling, general and administrative | 90.7 | 59.1 | 75.2 | 45.3 | 58.9 | 41.6 | 32.5 | 31.1 |
EBITA | 72.6 | 91.5 | 153.7 | 145.4 | 175.0 | 182.6 | -344.3 | 139.5 |
EBITA margin | 2.8% | 7.8% | 10.2% | 9.2% | 12.5% | 13.7% | -24.7% | 10.3% |
Amortization of intangibles | 9.0 | 2.9 | 2.8 | 1.8 | 1.4 | 1.5 | 1.6 | 1.6 |
EBIT | 63.6 | 88.6 | 150.9 | 143.6 | 173.6 | 181.1 | -345.9 | 137.9 |
EBIT margin | 2.4% | 7.6% | 10.0% | 9.1% | 12.4% | 13.6% | -24.8% | 10.2% |
Pre-tax income | -24.0 | 38.8 | 80.4 | 120.0 | 133.0 | 147.2 | -371.8 | 107.1 |
Income taxes | -5.5 | 10.0 | 18.4 | 28.3 | 87.6 | 55.5 | -135.2 | 35.3 |
Tax rate | 22.9% | 25.8% | 22.9% | 23.6% | 65.9% | 37.7% | 36.4% | 33.0% |
Net income | -18.5 | 28.8 | 62.0 | 91.7 | 45.4 | 91.7 | -236.6 | 71.8 |
Net margin | -0.7% | 2.5% | 4.1% | 5.8% | 3.2% | 6.9% | -17.0% | 5.3% |
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Diluted EPS | ($1.17) | $1.81 | $3.83 | $5.43 | $2.63 | $5.09 | ($13.76) | $3.86 |
Shares outstanding (diluted) | 15.8 | 15.9 | 16.2 | 16.9 | 17.3 | 18.0 | 17.2 | 18.6 |
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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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