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In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Total revenues [+] | 532.1 | 534.5 | 490.6 | 433.3 | 374.6 | 318.2 | 276.5 | 255.7 |
Products | 514.0 | 523.9 | 489.2 | 433.9 | 374.2 | 317.2 | 277.9 | 254.5 |
Other | 18.1 | 10.5 | 1.5 | | | 2.3 | 1.1 | 3.0 |
Revenue growth | -0.4% | 8.9% | 13.2% | 15.7% | 17.7% | 15.1% | 8.2% | 12.6% |
Cost of goods sold | 335.4 | 304.2 | 286.3 | 256.4 | 250.8 | 215.3 | 186.0 | 181.6 |
Gross profit | 196.7 | 230.3 | 204.4 | 177.0 | 123.8 | 102.9 | 90.5 | 74.1 |
Gross margin | 37.0% | 43.1% | 41.7% | 40.8% | 33.0% | 32.3% | 32.7% | 29.0% |
Selling, general and administrative | 68.5 | 69.0 | 58.0 | 57.9 | 52.5 | 47.6 | 45.2 | 39.2 |
Research and development | 15.5 | 16.9 | 14.3 | 12.5 | 13.1 | 10.4 | 9.5 | 11.0 |
Equity in earnings | | | | | -4.6 | -2.3 | -1.8 | 1.6 |
Other operating expenses | 11.1 | | -0.3 | | 7.2 | | | |
EBITDA [+] | 139.4 | 176.3 | 157.0 | 128.6 | 70.3 | 65.2 | 55.7 | 48.6 |
EBITDA growth | -20.9% | 12.3% | 22.1% | 83.0% | 7.8% | 17.0% | 14.7% | 8.8% |
EBITDA margin | 26.2% | 33.0% | 32.0% | 29.7% | 18.8% | 20.5% | 20.1% | 19.0% |
Depreciation | 32.2 | 30.0 | 23.7 | 21.2 | 23.3 | 22.2 | 21.5 | 22.8 |
EBITA | 107.2 | 146.3 | 133.4 | 107.4 | 47.0 | 42.9 | 34.2 | 25.7 |
EBITA margin | 20.1% | 27.4% | 27.2% | 24.8% | 12.5% | 13.5% | 12.4% | 10.1% |
Amortization of intangibles | 5.7 | 1.9 | 1.0 | 0.9 | 0.5 | 0.3 | 0.2 | 0.3 |
EBIT [+] | 101.5 | 144.4 | 132.4 | 106.6 | 46.4 | 42.7 | 33.9 | 25.4 |
EBIT growth | -29.7% | 9.1% | 24.2% | 129.4% | 8.8% | 25.8% | 33.4% | 11.5% |
EBIT margin | 19.1% | 27.0% | 27.0% | 24.6% | 12.4% | 13.4% | 12.3% | 10.0% |
Non-recurring items [+] | | | 2.3 | 15.6 | -1.2 | -4.7 | | |
Restructuring charges | | | 2.3 | | | | | |
Loss (gain) on sale of assets | | | | | -1.2 | -4.7 | | |
Interest expense | 4.0 | 1.3 | 0.7 | 1.7 | 2.2 | 2.2 | 2.4 | 2.4 |
Interest expense | 4.0 | 1.3 | 0.7 | 1.7 | 2.2 | 2.2 | 2.4 | 2.4 |
Other income (expense), net [+] | 12.3 | -1.3 | -1.8 | 0.3 | 0.0 | -0.1 | -0.1 | -3.1 |
Acquisition-related costs | 11.1 | | 0.8 | | | | | |
Other | | | | | 0.0 | -0.1 | 0.1 | -0.1 |
Pre-tax income | 109.8 | 141.8 | 127.5 | 89.6 | 45.5 | 45.0 | 31.4 | 19.9 |
Income taxes | 16.6 | 38.1 | 40.2 | 32.4 | -12.6 | 14.7 | -31.9 | 6.2 |
Tax rate | 15.1% | 26.8% | 31.5% | 36.2% | | 32.7% | | 31.1% |
Net income | 92.4 | 102.5 | 81.7 | 57.2 | 57.3 | 25.9 | 62.3 | 11.0 |
Net margin | 17.4% | 19.2% | 16.6% | 13.2% | 15.3% | 8.1% | 22.5% | 4.3% |
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Basic EPS [+] | $2.80 | $3.18 | $2.72 | $1.82 | $1.89 | $1.00 | $2.13 | $0.47 |
Growth | -11.7% | 16.7% | 49.6% | -3.7% | 88.2% | -52.8% | 356.7% | -99.9% |
Diluted EPS [+] | $2.77 | $3.10 | $2.65 | $1.76 | $1.84 | $0.98 | $2.09 | $0.46 |
Growth | -10.6% | 17.0% | 50.8% | -4.4% | 87.5% | -53.0% | 349.0% | 46.5% |
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Shares outstanding (basic) [+] | 33.2 | 32.7 | 32.1 | 31.4 | 30.8 | 30.2 | 29.7 | 29.5 |
Growth | 1.8% | 1.8% | 2.1% | 2.1% | 2.0% | 1.5% | 0.8% | 99900.0% |
Shares outstanding (diluted) [+] | 33.7 | 33.5 | 33.0 | 32.6 | 31.6 | 30.9 | 30.3 | 29.6 |
Growth | 0.5% | 1.6% | 1.3% | 2.9% | 2.4% | 1.9% | 2.5% | 0.7% |
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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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