Snapshot
($ amounts in millions unless otherwise noted) Year Ended December 31
2022 2021 2020
Net sales 2,549.4 2,399.8 1,853.7
Gross profit 952.7 960.8 786.0
EBITDA 484.5 469.8 305.9
Adjusted EBITDA 526.6 524.9 422.6
Net income attributable to common stockholders 187.2 203.3 75.7
Adjusted common shares outstanding (average) 246.7 251.4 251.2
Adjusted earnings per share $1.41 $1.38 $0.96
Change in accounts receivable 6.4 (48.7) (27.3)
Change in inventory (31.2) (46.5) 1.4
Change in accounts payable (0.1) 16.8 (5.3)
Capital expenditures 47.8 46.3 28.8
Proceeds from disposal of property, plant and equipment 4.8 - 1.7
Cash paid for interest 46.9 50.6 51.8
Cash paid for income taxes 66.5 71.2 66.5
Reported net sales growth (%) 6% 29% 1%
Organic net sales growth (%) 5% 13% -3%
Gross margin (%) 37% 40% 42%
Adjusted EBITDA margin (%) 21% 22% 23%
Capital expenditures as a % of net sales 2% 2% 2%
Segment Financials
Electronics
Net sales 1,604.1 1,582.5 1,172.1
Gross profit 594.1 617.5 477.2
Adjusted EBITDA 362.1 372.0 277.3
Reported net sales growth (%) 1% 35% 8%
Organic net sales growth (%) 5% 13% 2%
Gross margin (%) 37% 39% 41%
Adjusted EBITDA margin (%) 23% 24% 24%
Industrial & Specialty
Net sales 945.3 817.3 681.6
Gross profit 358.6 343.3 308.8
Adjusted EBITDA 164.5 152.8 145.3
Reported net sales growth (%) 16% 20% -9%
Organic net sales growth (%) 5% 13% -10%
Gross margin (%) 38% 42% 45%
Adjusted EBITDA margin (%) 17% 19% 21%

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