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 | 252.3 | 267.0 | 160.6 | 127.1 | 110.3 | 100.0 | 96.9 | 103.9 |
Revenue growth | -5.5% | 66.3% | 26.3% | 15.2% | 10.2% | 3.3% | -6.7% | -85.2% |
Cost of goods sold | 22.1 | 23.0 | 22.9 | 21.4 | 20.6 | 24.9 | 27.5 | 36.2 |
Gross profit | 230.3 | 244.0 | 137.6 | 105.7 | 89.7 | 75.1 | 69.4 | 67.7 |
Gross margin | 91.3% | 91.4% | 85.7% | 83.2% | 81.4% | 75.1% | 71.6% | 65.1% |
Selling, general and administrative | 22.9 | 18.2 | 12.8 | 10.3 | 9.0 | 8.9 | 8.6 | 110.0 |
EBIT | 87.5 | 93.6 | 46.4 | 31.2 | 29.4 | 3.6 | 3.1 | -6.1 |
EBIT margin | 34.7% | 35.1% | 28.9% | 24.6% | 26.7% | 3.6% | 3.2% | -5.9% |
Pre-tax income | 94.6 | 98.7 | 59.2 | 36.2 | 30.9 | 41.4 | 22.6 | -1.2 |
Income taxes | 24.4 | 25.0 | 13.7 | 9.4 | -0.7 | -17.9 | 7.1 | 0.8 |
Tax rate | 25.8% | 25.3% | 23.1% | 26.1% | | | 31.6% | |
Net income | 70.9 | 74.6 | 45.2 | 26.8 | 32.4 | 59.6 | 15.9 | -1.7 |
Net margin | 28.1% | 27.9% | 28.2% | 21.1% | 29.4% | 59.6% | 16.4% | -1.7% |
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Diluted EPS | $1.21 | $1.27 | $0.77 | $0.45 | $0.52 | $0.84 | $0.21 | ($0.02) |
Shares outstanding (diluted) | 58.7 | 58.9 | 59.0 | 60.0 | 62.7 | 70.5 | 74.5 | 87.8 |
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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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