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Income Statement
($ amounts in millions unless otherwise noted) Year Ended December 31
2024 2023 2022
Net sales 2,456.9 2,333.2 2,549.4
Cost of sales 1,421.2 1,414.7 1,596.7
Gross profit 1,035.7 918.5 952.7
Operating expenses:
Selling, technical, general and administrative 628.8 596.8 578.6
Research and development 63.0 68.1 48.8
Goodwill impairment - 80.0 -
Total operating expenses 691.8 744.9 627.4
Operating profit 343.9 173.6 325.3
Other (expense) income:
Interest expense, net (46.3) (49.3) (51.2)
Foreign exchange gain (loss) 25.1 7.9 (5.0)
Other income (expense), net (25.0) (3.1) 2.9
Total other expense (56.2) (44.5) (53.3)
Income (loss) before income taxes and non-controlling interests 287.7 129.1 272.0
Income tax (expense) benefit (44.8) (13.0) (85.8)
Net loss from continuing operations 242.9 116.1 186.2
Income (loss) from discontinued operations, net of tax 1.6 2.1 1.8
Net income (loss) 244.5 118.2 188.0
Net loss attributable to non-controlling interests (0.3) (0.1) (0.8)
Net income (loss) attributable to common stockholders 244.2 118.1 187.2
 
Earnings (loss) per share
Basic from continuing operations $1.00 $0.48 $0.75
Basic from discontinued operations $0.01 $0.01 $0.01
Basic attributable to common stockholders $1.01 $0.49 $0.76
 
Diluted from continuing operations $1.00 $0.48 $0.75
Diluted from discontinued operations $0.01 $0.01 $0.01
Diluted attributable to common stockholders $1.01 $0.49 $0.76
 
Weighted average common shares outstanding      
Basic 242.1 241.4 245.1
Diluted 242.6 245.8 247.9

Note: This selected data is for information only. For complete consolidated financial statements and important risks that may affect actual results, see SEC Filings.