Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 1,518.0 | 1,538.7 | 1,484.0 | 1,461.7 | 1,443.2 | 1,349.6 | 1,072.6 | 961.3 |
Revenue growth | -1.3% | 3.7% | 1.5% | 1.3% | 6.9% | 25.8% | 11.6% | 8.8% |
Cost of goods sold | 1,425.0 | 1,466.9 | 1,398.2 | 1,370.2 | 1,388.2 | 1.5 | 1.3 | 2.3 |
Gross profit | 93.0 | 71.8 | 85.8 | 91.5 | 55.0 | 1,348.1 | 1,071.3 | 959.0 |
Gross margin | 6.1% | 4.7% | 5.8% | 6.3% | 3.8% | 99.9% | 99.9% | 99.8% |
Selling, general and administrative | | | | | | | | |
General and administrative | 9.8 | 7.9 | 7.7 | 7.5 | 7.9 | 7.4 | 7.7 | 7.8 |
EBIT | 100.1 | 79.7 | 93.0 | 92.7 | 51.5 | 25.1 | 58.3 | 125.1 |
EBIT margin | 6.6% | 5.2% | 6.3% | 6.3% | 3.6% | 1.9% | 5.4% | 13.0% |
Pre-tax income | 80.7 | 62.1 | 74.8 | 83.1 | 45.1 | 22.1 | 53.6 | 127.9 |
Income taxes | 35.3 | 19.0 | 23.4 | 25.9 | 12.4 | -2.2 | 11.8 | 36.8 |
Tax rate | 43.8% | 30.7% | 31.2% | 31.2% | 27.6% | | 22.0% | 28.8% |
Net income | 45.4 | 43.1 | 51.5 | 57.2 | 32.6 | 24.3 | 41.8 | 91.1 |
Net margin | 3.0% | 2.8% | 3.5% | 3.9% | 2.3% | 1.8% | 3.9% | 9.5% |
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Diluted EPS | $4.10 | $3.88 | $4.51 | $4.95 | $2.80 | $2.04 | $3.37 | $6.91 |
Shares outstanding (diluted) | 11.1 | 11.1 | 11.4 | 11.6 | 11.7 | 11.9 | 12.4 | 13.2 |
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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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