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 | 1,963.7 | 1,483.4 | 1,193.1 | 1,513.3 | 1,476.9 | 1,306.8 | -214.5 | 1,012.3 |
Revenue growth | 32.4% | 24.3% | -21.2% | 2.5% | 13.0% | -709.2% | -121.2% | 5.3% |
Cost of goods sold | 1,374.7 | 1,046.2 | 847.5 | 1,043.7 | 1,038.5 | 899.2 | -546.8 | 666.3 |
Gross profit | 589.0 | 437.2 | 345.6 | 469.6 | 438.4 | 407.6 | 332.3 | 346.0 |
Gross margin | 30.0% | 29.5% | 29.0% | 31.0% | 29.7% | 31.2% | -154.9% | 34.2% |
Selling, general and administrative | 360.7 | 267.2 | 237.0 | 280.9 | 261.0 | 244.2 | 216.7 | 206.7 |
Research and development | 38.7 | 37.4 | 30.9 | 35.4 | 33.4 | 31.4 | 25.4 | 25.3 |
EBITA | 201.3 | 146.3 | 95.7 | 172.9 | 166.9 | 152.4 | 130.4 | 178.9 |
EBITA margin | 10.3% | 9.9% | 8.0% | 11.4% | 11.3% | 11.7% | -60.8% | 17.7% |
Amortization of intangibles | 14.0 | 16.0 | 20.9 | 23.0 | 26.3 | 28.3 | 24.2 | 21.0 |
EBIT | 187.3 | 130.3 | 74.8 | 149.9 | 140.6 | 124.1 | 106.2 | 157.9 |
EBIT margin | 9.5% | 8.8% | 6.3% | 9.9% | 9.5% | 9.5% | -49.5% | 15.6% |
Pre-tax income | 184.6 | 134.4 | 39.7 | 150.4 | 131.6 | 128.1 | 103.1 | 152.3 |
Income taxes | 51.6 | 41.3 | 11.0 | 38.2 | 46.6 | 66.3 | 21.8 | 32.8 |
Tax rate | 28.0% | 30.7% | 27.7% | 25.4% | 35.4% | 51.8% | 21.1% | 21.5% |
Net income | 133.0 | 93.1 | 28.7 | 112.2 | 85.0 | 61.8 | 81.3 | 119.5 |
Net margin | 6.8% | 6.3% | 2.4% | 7.4% | 5.8% | 4.7% | -37.9% | 11.8% |
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Diluted EPS | $5.32 | $3.75 | $1.16 | $4.54 | $3.45 | $2.52 | $3.33 | $4.86 |
Shares outstanding (diluted) | 25.0 | 24.9 | 24.8 | 24.7 | 24.6 | 24.5 | 24.4 | 24.6 |
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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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