Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 473.3 | 418.6 | 437.3 | 439.4 | 806.4 | 377.3 | 426.8 | 425.8 |
Revenue growth | 13.1% | -4.3% | -0.5% | -45.5% | 113.7% | -11.6% | 0.2% | 16.1% |
Cost of goods sold | 68.7 | 65.7 | 67.2 | 69.5 | 64.5 | 61.4 | 167.8 | 168.6 |
Gross profit | 404.6 | 352.9 | 370.1 | 369.9 | 741.9 | 315.9 | 259.0 | 257.2 |
Gross margin | 85.5% | 84.3% | 84.6% | 84.2% | 92.0% | 83.7% | 60.7% | 60.4% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 197.2 |
EBIT | 77.8 | 71.4 | 73.1 | 71.2 | 75.4 | 70.2 | 63.1 | 60.0 |
EBIT margin | 16.4% | 17.1% | 16.7% | 16.2% | 9.4% | 18.6% | 14.8% | 14.1% |
Pre-tax income | 47.6 | 42.4 | 58.0 | 41.4 | 46.5 | 42.5 | 41.7 | 38.7 |
Income taxes | 11.5 | 10.2 | 13.8 | 8.4 | 17.5 | 15.4 | 15.4 | 14.0 |
Tax rate | 24.2% | 24.1% | 23.8% | 20.3% | 37.6% | 36.1% | 37.0% | 36.2% |
Net income | 36.1 | 32.2 | 44.2 | 33.0 | 29.0 | 27.1 | 26.3 | 24.7 |
Net margin | 7.6% | 7.7% | 10.1% | 7.5% | 3.6% | 7.2% | 6.2% | 5.8% |
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Diluted EPS | $2.34 | $2.15 | $2.97 | $2.23 | $2.06 | $1.94 | $1.89 | $1.78 |
Shares outstanding (diluted) | 15.4 | 15.0 | 14.9 | 14.8 | 14.1 | 14.0 | 13.9 | 13.8 |
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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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