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-05-18 | Dec-31-17 | Dec-31-16 |
Revenues | 1,092.2 | 1,090.8 | 1,001.0 | 1,137.6 | 1,123.5 | 1,123.5 | 1,003.1 | 808.6 |
Revenue growth | 0.1% | 9.0% | -12.0% | 1.3% | 12.0% | | 24.1% | -0.4% |
Cost of goods sold | 671.3 | 652.8 | 593.2 | 675.9 | 678.5 | 678.5 | 603.3 | 457.0 |
Gross profit | 420.9 | 438.0 | 407.8 | 461.7 | 445.0 | 445.0 | 399.8 | 351.6 |
Gross margin | 38.5% | 40.2% | 40.7% | 40.6% | 39.6% | 39.6% | 39.9% | 43.5% |
Selling, general and administrative | 306.3 | 321.9 | 314.0 | 357.2 | 356.3 | 356.3 | 334.8 | 248.6 |
Research and development | 31.1 | 32.2 | 30.1 | 32.7 | 30.7 | 30.7 | 32.0 | 34.7 |
EBITA | 103.1 | 113.7 | 84.5 | 94.0 | 80.1 | 80.1 | 50.1 | 68.7 |
EBITA margin | 9.4% | 10.4% | 8.4% | 8.3% | 7.1% | 7.1% | 5.0% | 8.5% |
Amortization of intangibles | 15.9 | 20.0 | 20.8 | 22.2 | 22.1 | 22.1 | 17.1 | 0.4 |
EBIT | 87.2 | 93.7 | 63.7 | 71.8 | 58.0 | 58.0 | 33.0 | 68.3 |
EBIT margin | 8.0% | 8.6% | 6.4% | 6.3% | 5.2% | 5.2% | 3.3% | 8.4% |
Pre-tax income | 79.5 | 74.1 | 41.1 | 54.0 | 35.8 | 35.8 | -1.3 | 66.5 |
Income taxes | 13.2 | 9.2 | 7.4 | 8.1 | 2.3 | 2.3 | 4.9 | 19.9 |
Tax rate | 16.6% | 12.4% | 18.0% | 15.0% | 6.4% | 6.4% | | 29.9% |
Net income | 66.3 | 64.9 | 33.7 | 45.8 | 33.4 | 33.4 | -6.2 | 46.6 |
Net margin | 6.1% | 5.9% | 3.4% | 4.0% | 3.0% | 3.0% | -0.6% | 5.8% |
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Diluted EPS | $3.55 | $3.44 | $1.81 | $2.48 | $1.82 | | ($0.35) | $2.59 |
Shares outstanding (diluted) | 18.7 | 18.8 | 18.6 | 18.5 | 18.3 | | 17.7 | 18.0 |
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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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