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 | 473.8 | 406.5 | 332.5 | 301.4 | 310.0 | 298.6 | 294.1 | 315.2 |
Revenue growth | 16.6% | 22.3% | 10.3% | -2.8% | 3.8% | 1.5% | -6.7% | 3.4% |
Cost of goods sold | 419.0 | 414.2 | 295.8 | 273.7 | 273.7 | 5.4 | 5.8 | 7.0 |
Gross profit | 54.8 | -7.8 | 36.7 | 27.7 | 36.3 | 293.2 | 288.3 | 308.2 |
Gross margin | 11.6% | -1.9% | 11.0% | 9.2% | 11.7% | 98.2% | 98.0% | 97.8% |
General and administrative | 27.4 | 28.9 | 23.9 | 20.9 | 18.9 | 15.9 | 12.5 | 11.0 |
EBIT | 86.5 | 71.8 | 42.4 | 31.5 | 41.4 | 47.2 | 78.0 | 138.6 |
EBIT margin | 18.2% | 17.7% | 12.8% | 10.4% | 13.4% | 15.8% | 26.5% | 44.0% |
Pre-tax income | 35.0 | -38.4 | 1.3 | -15.1 | -5.4 | 5.7 | 45.8 | 98.9 |
Income taxes | -5.9 | -2.0 | -0.6 | -0.4 | -0.3 | 0.4 | 1.2 | 0.8 |
Tax rate | | 5.1% | | 2.3% | 6.2% | 7.0% | 2.6% | 0.8% |
Net income | 53.5 | -31.0 | -0.4 | -16.7 | -5.7 | 5.3 | 44.6 | 98.1 |
Net margin | 11.3% | -7.6% | -0.1% | -5.5% | -1.9% | 1.8% | 15.2% | 31.1% |
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Diluted EPS | $0.69 | ($0.48) | ($0.01) | ($0.30) | ($0.10) | $0.10 | $0.80 | $1.76 |
Shares outstanding (diluted) | 77.6 | 64.7 | 55.9 | 55.8 | 55.6 | 55.9 | 55.8 | 55.7 |
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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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