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 | 281.1 | 279.2 | 282.6 | 279.5 | 219.2 | 173.7 | 155.0 | 112.8 |
Revenue growth | 0.7% | -1.2% | 1.1% | 27.5% | 26.2% | 12.0% | 37.4% | 53.7% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 30.9 | -0.2 | 1.0 |
Gross profit | 281.1 | 279.2 | 282.6 | 279.5 | 219.2 | 142.8 | 155.2 | 111.9 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 82.2% | 100.1% | 99.1% |
General and administrative | 6.5 | 5.4 | 4.9 | 5.3 | 5.6 | 4.4 | 4.3 | 4.3 |
EBITA | 115.1 | 123.7 | 127.7 | 129.1 | 100.5 | 82.2 | 74.3 | 50.3 |
EBITA margin | 40.9% | 44.3% | 45.2% | 46.2% | 45.9% | 47.3% | 48.0% | 44.6% |
Amortization of intangibles | 0.6 | 0.6 | | | | | | |
EBIT | 114.4 | 123.1 | 127.7 | 129.1 | 100.5 | 82.2 | 74.3 | 50.3 |
EBIT margin | 40.7% | 44.1% | 45.2% | 46.2% | 45.9% | 47.3% | 48.0% | 44.6% |
Pre-tax income | 54.4 | 65.2 | 59.0 | 82.2 | 68.0 | 61.1 | 40.4 | 27.4 |
Income taxes | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.1 | 0.0 |
Tax rate | 0.9% | 0.0% | 0.0% | | | | | 0.1% |
Net income | 46.1 | 57.0 | 50.8 | 73.6 | 61.7 | 59.8 | 39.7 | 26.9 |
Net margin | 16.4% | 20.4% | 18.0% | 26.3% | 28.1% | 34.5% | 25.6% | 23.8% |
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Diluted EPS | | $1.74 | $1.55 | $2.25 | $2.05 | | | |
Shares outstanding (diluted) | | 32.7 | 32.8 | 32.7 | 30.1 | | | |
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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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