Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 110.6 | 112.8 | 102.1 | 121.7 | 90.4 | 69.0 | 63.1 | 61.6 |
Revenue growth | -2.0% | 10.5% | -16.1% | 34.6% | 31.1% | 9.3% | 2.4% | 17.3% |
Cost of goods sold | 8.0 | 7.8 | 7.3 | 7.1 | 5.4 | 5.6 | 5.2 | 5.3 |
Gross profit | 102.5 | 105.0 | 94.8 | 114.7 | 85.0 | 63.4 | 57.9 | 56.3 |
Gross margin | 92.7% | 93.1% | 92.9% | 94.2% | 94.0% | 91.9% | 91.7% | 91.4% |
Selling, general and administrative | | | | | | | | 18.3 |
General and administrative | 39.7 | 35.3 | 32.8 | 32.6 | 26.6 | 21.8 | 19.4 | 1.7 |
EBITA | 60.6 | 67.4 | 59.9 | -38.6 | -29.7 | 39.7 | 36.6 | 30.1 |
EBITA margin | 54.8% | 59.8% | 58.6% | -31.7% | -32.8% | 57.5% | 58.0% | 48.9% |
Amortization of intangibles | 1.3 | 1.5 | 1.6 | 1.4 | 0.3 | 0.5 | 1.0 | 1.2 |
EBIT | 59.3 | 66.0 | 58.2 | -40.0 | -29.9 | 39.2 | 35.6 | 28.9 |
EBIT margin | 53.7% | 58.5% | 57.0% | -32.9% | -33.1% | 56.8% | 56.4% | 46.9% |
Pre-tax income | 43.4 | 55.2 | 37.2 | 25.8 | 28.2 | 26.1 | 23.3 | 21.1 |
Income taxes | 8.9 | 11.7 | 7.1 | 4.9 | 5.6 | 10.8 | 7.0 | 6.0 |
Tax rate | 20.6% | 21.2% | 19.2% | 18.9% | 20.0% | 41.5% | 30.1% | 28.6% |
Net income | 34.4 | 43.5 | 30.0 | 20.9 | 22.6 | 15.2 | 16.3 | 15.0 |
Net margin | 31.1% | 38.6% | 29.4% | 17.2% | 25.0% | 22.1% | 25.8% | 24.4% |
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Diluted EPS | $3.23 | $4.00 | $2.73 | $1.98 | $2.59 | $1.76 | $1.89 | $1.73 |
Shares outstanding (diluted) | 10.7 | 10.9 | 11.0 | 10.5 | 8.7 | 8.7 | 8.6 | 8.7 |
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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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