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 | 2,280.0 | 1,316.3 | 1,271.0 | 1,266.2 | 1,400.0 | 1,292.6 | 379.4 | 341.7 |
Revenue growth | 73.2% | 3.6% | 0.4% | -9.6% | 8.3% | 240.7% | 11.0% | 10.5% |
Cost of goods sold | 1,582.2 | 824.8 | 809.5 | 794.3 | 830.0 | 866.5 | 178.0 | 160.9 |
Gross profit | 697.8 | 491.5 | 461.5 | 471.9 | 570.0 | 426.1 | 201.4 | 180.8 |
Gross margin | 30.6% | 37.3% | 36.3% | 37.3% | 40.7% | 33.0% | 53.1% | 52.9% |
Selling, general and administrative | 608.3 | 302.6 | 284.0 | 277.0 | 320.0 | 302.2 | 89.4 | 83.2 |
Research and development | 93.0 | 47.5 | 42.9 | 48.6 | 52.9 | 51.3 | 13.0 | 15.7 |
EBITA | 96.5 | 147.0 | 121.4 | 125.1 | 46.4 | 1.7 | 86.5 | 76.7 |
EBITA margin | 4.2% | 11.2% | 9.5% | 9.9% | 3.3% | 0.1% | 22.8% | 22.4% |
Amortization of intangibles | 139.4 | 23.8 | 23.2 | 17.7 | 16.6 | 15.0 | 2.8 | 2.2 |
EBIT | -42.9 | 123.2 | 98.2 | 107.4 | 29.8 | -13.3 | 83.7 | 74.5 |
EBIT margin | -1.9% | 9.4% | 7.7% | 8.5% | 2.1% | -1.0% | 22.1% | 21.8% |
Pre-tax income | -74.3 | 103.1 | 86.9 | 101.0 | 22.4 | 51.3 | 85.2 | 69.7 |
Income taxes | 40.1 | -20.1 | -10.6 | -13.7 | -6.4 | -17.4 | 22.1 | 24.7 |
Tax rate | | | | | | | 25.9% | 35.5% |
Net income | -114.4 | 123.2 | 97.5 | 114.7 | 28.8 | 68.6 | 63.1 | 45.0 |
Net margin | -5.0% | 9.4% | 7.7% | 9.1% | 2.1% | 5.3% | 16.6% | 13.2% |
|
Diluted EPS | ($4.79) | $5.66 | $4.52 | $5.32 | $1.33 | $3.29 | $3.66 | $2.73 |
Shares outstanding (diluted) | 23.9 | 21.8 | 21.6 | 21.5 | 21.6 | 20.9 | 17.3 | 16.5 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|