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 | 450.2 | 403.5 | 401.2 | 403.6 | 331.4 | 287.8 | 229.8 | 176.6 |
| Revenue growth | 11.6% | 0.6% | -0.6% | 21.8% | 15.1% | 25.2% | 30.1% | 10.0% |
| Cost of goods sold | 178.1 | 163.7 | 144.3 | 158.6 | 122.6 | 109.5 | 90.0 | 8.7 |
| Gross profit | 272.1 | 239.8 | 256.9 | 245.0 | 208.8 | 178.4 | 139.8 | 167.9 |
| Gross margin | 60.4% | 59.4% | 64.0% | 60.7% | 63.0% | 62.0% | 60.8% | 95.1% |
| Selling, general and administrative | 13.8 | 15.9 | 17.9 | 20.6 | 12.6 | 13.9 | 6.6 | 68.5 |
| Research and development | 21.6 | 21.9 | 16.4 | 21.5 | 16.4 | 16.7 | 18.2 | 12.9 |
| General and administrative | 6.1 | 7.5 | 8.4 | 11.1 | 5.4 | 6.8 | | |
| EBITA | 170.9 | 168.5 | 138.1 | 139.3 | 138.9 | 111.9 | 115.0 | 86.5 |
| EBITA margin | 38.0% | 41.8% | 34.4% | 34.5% | 41.9% | 38.9% | 50.0% | 49.0% |
| Amortization of intangibles | 11.6 | 11.3 | 10.0 | 9.5 | 5.9 | 5.2 | 4.4 | 3.2 |
| EBIT | 159.3 | 157.3 | 128.1 | 129.7 | 133.0 | 106.7 | 110.5 | 83.3 |
| EBIT margin | 35.4% | 39.0% | 31.9% | 32.1% | 40.1% | 37.1% | 48.1% | 47.2% |
| Pre-tax income | 161.7 | 156.8 | 128.2 | 134.4 | 133.9 | 108.1 | 76.4 | 59.7 |
| Income taxes | 33.4 | 33.4 | 27.9 | 31.5 | 35.0 | 45.4 | 26.7 | 20.7 |
| Tax rate | 20.7% | 21.3% | 21.7% | 23.4% | 26.1% | 42.0% | 35.0% | 34.7% |
| Net income | 128.3 | 123.4 | 100.3 | 103.0 | 98.9 | 62.7 | 49.7 | 38.3 |
| Net margin | 28.5% | 30.6% | 25.0% | 25.5% | 29.9% | 21.8% | 21.6% | 21.7% |
| |
| Diluted EPS | $2.29 | $2.20 | $1.83 | $1.87 | $2.01 | $1.45 | $1.40 | $1.32 |
| Shares outstanding (diluted) | 56.1 | 56.0 | 54.8 | 55.1 | 49.2 | 43.1 | 35.4 | 29.1 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|