Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 16,957.9 | 16,670.5 | 16,395.3 | 15,687.6 | 14,529.4 | 11,069.4 | 10,280.1 | 9,767.6 |
Revenue growth | 1.7% | 1.7% | 4.5% | 8.0% | 31.3% | 7.7% | 5.2% | 9.8% |
Cost of goods sold | 16,069.6 | 15,746.3 | 15,527.8 | 14,895.9 | 13,792.5 | 10,431.5 | 9,706.4 | 9,230.5 |
Gross profit | 888.3 | 924.2 | 867.5 | 791.7 | 736.9 | 637.9 | 573.7 | 537.1 |
Gross margin | 5.2% | 5.5% | 5.3% | 5.0% | 5.1% | 5.8% | 5.6% | 5.5% |
Selling, general and administrative | 242.2 | 255.4 | 245.1 | 224.3 | 210.3 | 196.0 | 184.4 | 168.3 |
EBITA | 104.4 | 102.6 | 81.8 | 46.1 | 95.4 | 89.3 | 70.9 | 71.7 |
EBITA margin | 0.6% | 0.6% | 0.5% | 0.3% | 0.7% | 0.8% | 0.7% | 0.7% |
Amortization of intangibles | 9.7 | 10.0 | 10.0 | 8.5 | 5.3 | 2.6 | 2.6 | 2.7 |
EBIT | 94.7 | 92.6 | 71.8 | 37.6 | 90.1 | 86.7 | 68.3 | 69.0 |
EBIT margin | 0.6% | 0.6% | 0.4% | 0.2% | 0.6% | 0.8% | 0.7% | 0.7% |
Pre-tax income | 83.3 | 77.4 | 59.9 | 28.4 | 85.5 | 82.9 | 66.4 | 66.0 |
Income taxes | 20.1 | 19.7 | 14.4 | -5.1 | 31.3 | 31.4 | 23.7 | 24.4 |
Tax rate | 24.1% | 25.5% | 24.0% | | 36.6% | 37.9% | 35.7% | 37.0% |
Net income | 63.2 | 57.7 | 45.5 | 33.5 | 54.2 | 51.5 | 42.7 | 41.6 |
Net margin | 0.4% | 0.3% | 0.3% | 0.2% | 0.4% | 0.5% | 0.4% | 0.4% |
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Diluted EPS | $1.39 | $1.25 | $0.99 | $0.72 | $1.17 | $1.11 | $0.92 | $1.79 |
Shares outstanding (diluted) | 45.4 | 46.0 | 46.1 | 46.4 | 46.5 | 46.6 | 46.6 | 23.2 |
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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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