Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
Revenues | 422.6 | 422.6 | 324.1 | 324.1 | 316.0 | 341.9 | 337.3 | 345.1 |
Revenue growth | 30.4% | 30.4% | 2.6% | | -7.6% | 1.3% | -2.2% | -17.3% |
Cost of goods sold | 294.4 | 294.4 | 223.2 | 223.2 | 210.9 | 227.8 | 225.8 | 231.9 |
Gross profit | 128.2 | 128.2 | 100.9 | 100.9 | 105.1 | 114.1 | 111.5 | 113.2 |
Gross margin | 30.3% | 30.3% | 31.1% | 31.1% | 33.3% | 33.4% | 33.1% | 32.8% |
Selling, general and administrative | 0.0 | 93.5 | 0.0 | 81.8 | 0.9 | 0.0 | 87.5 | 89.0 |
EBITA | 135.2 | 26.8 | 107.6 | 11.3 | 112.5 | 122.6 | 14.4 | 28.6 |
EBITA margin | 32.0% | 6.3% | 33.2% | 3.5% | 35.6% | 35.9% | 4.3% | 8.3% |
Amortization of intangibles | 7.0 | | 6.7 | | 7.4 | 8.5 | | 11.5 |
EBIT | 128.2 | 26.8 | 100.9 | 11.3 | 105.1 | 114.1 | 14.4 | 17.1 |
EBIT margin | 30.3% | 6.3% | 31.1% | 3.5% | 33.3% | 33.4% | 4.3% | 5.0% |
Pre-tax income | 23.7 | 23.7 | 4.7 | 4.7 | 11.8 | 13.3 | 2.5 | 1.4 |
Income taxes | 5.4 | 5.4 | 2.7 | 2.7 | 3.7 | -4.4 | 9.6 | 4.4 |
Tax rate | 22.9% | 22.9% | 57.6% | 57.6% | 31.0% | | 385.2% | 315.0% |
Net income | 17.4 | 18.3 | 1.4 | 2.0 | 8.2 | 17.7 | -7.1 | -3.0 |
Net margin | 4.1% | 4.3% | 0.4% | 0.6% | 2.6% | 5.2% | -2.1% | -0.9% |
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Diluted EPS | $0.50 | $0.52 | $0.04 | $0.06 | $0.23 | $0.50 | ($0.21) | ($0.09) |
Shares outstanding (diluted) | 35.0 | 35.0 | 35.6 | 35.6 | 35.5 | 35.5 | 34.7 | 34.4 |
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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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