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 | 315.9 | 339.5 | 370.4 | 377.8 | 375.2 | 396.7 | 401.0 | 404.0 |
Revenue growth | -6.9% | -8.3% | -2.0% | 0.7% | -5.4% | -1.1% | -0.8% | 13.4% |
Cost of goods sold | 189.2 | 181.5 | 202.7 | 238.0 | 242.5 | 232.7 | 248.0 | 277.9 |
Gross profit | 126.7 | 158.0 | 167.6 | 139.7 | 132.7 | 163.9 | 152.9 | 126.1 |
Gross margin | 40.1% | 46.5% | 45.3% | 37.0% | 35.4% | 41.3% | 38.1% | 31.2% |
Selling, general and administrative | | | | | | | 52.0 | 52.4 |
Sales and marketing | 21.3 | 23.1 | 25.0 | 26.2 | 24.8 | 26.2 | 27.5 | 27.9 |
General and administrative | 26.0 | 27.9 | 27.1 | 26.0 | 25.6 | 24.9 | | |
EBIT | 77.3 | 105.4 | 115.2 | 88.5 | 82.5 | 113.0 | 103.1 | 72.7 |
EBIT margin | 24.5% | 31.1% | 31.1% | 23.4% | 22.0% | 28.5% | 25.7% | 18.0% |
Pre-tax income | 79.4 | 106.9 | 115.5 | 87.6 | 82.2 | 112.8 | 101.0 | 73.7 |
Income taxes | 13.7 | 20.3 | 22.8 | 15.9 | 36.0 | 35.0 | 30.5 | 20.1 |
Tax rate | 17.2% | 19.0% | 19.8% | 18.2% | 43.8% | 31.0% | 30.2% | 27.2% |
Net income | 65.8 | 86.6 | 92.7 | 71.6 | 46.2 | 77.9 | 70.5 | 53.7 |
Net margin | 20.8% | 25.5% | 25.0% | 19.0% | 12.3% | 19.6% | 17.6% | 13.3% |
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Diluted EPS | $3.39 | $4.47 | $4.80 | $3.71 | $2.40 | $4.05 | $3.69 | $2.84 |
Shares outstanding (diluted) | 19.4 | 19.4 | 19.3 | 19.3 | 19.2 | 19.2 | 19.1 | 18.9 |
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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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