Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 332.9 | 357.2 | 322.8 | 281.1 | 327.0 | 418.1 | 276.2 |
Revenue growth | -6.8% | 10.7% | 14.8% | -14.0% | -21.8% | 51.4% | |
Cost of goods sold | 217.2 | 214.4 | 195.0 | 183.0 | 194.0 | 239.9 | 151.5 |
Gross profit | 115.8 | 142.8 | 127.8 | 98.1 | 133.1 | 178.2 | 124.7 |
Gross margin | 34.8% | 40.0% | 39.6% | 34.9% | 40.7% | 42.6% | 45.2% |
Selling, general and administrative | 12.9 | 13.9 | 15.7 | 9.9 | 10.9 | 17.1 | 5.7 |
EBIT | 46.3 | 68.0 | 39.9 | 31.5 | 73.2 | 104.9 | 65.3 |
EBIT margin | 13.9% | 19.0% | 12.3% | 11.2% | 22.4% | 25.1% | 23.6% |
Pre-tax income | 45.6 | 66.6 | 40.5 | 25.9 | 64.5 | 0.0 | 64.3 |
Income taxes | 0.0 | 0.0 | 0.0 | 4.0 | 41.2 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 15.5% | 63.8% | | 0.0% |
Net income | 44.8 | 65.4 | 34.1 | 19.5 | 22.9 | 104.9 | 64.3 |
Net margin | 13.5% | 18.3% | 10.6% | 6.9% | 7.0% | 25.1% | 23.3% |
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Diluted EPS | $1.62 | $2.37 | $1.39 | $0.83 | $0.99 | | |
Shares outstanding (diluted) | 27.7 | 27.6 | 24.5 | 23.4 | 23.2 | | |
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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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