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 | 320.0 | 342.3 | 174.4 | 273.3 | 272.5 | 284.7 | 232.1 | 227.0 |
Revenue growth | -6.5% | 96.2% | -36.2% | 0.3% | -4.3% | 22.7% | 2.2% | |
Cost of goods sold | 150.9 | 137.9 | 129.1 | 153.6 | 158.3 | 149.2 | 148.0 | 122.2 |
Gross profit | 169.1 | 204.3 | 45.3 | 119.8 | 114.2 | 135.5 | 84.0 | 104.8 |
Gross margin | 52.8% | 59.7% | 26.0% | 43.8% | 41.9% | 47.6% | 36.2% | 46.2% |
Selling, general and administrative | | | | | | | | 16.4 |
Sales and marketing | 11.6 | 3.4 | 1.6 | | | | | |
General and administrative | 36.9 | 34.0 | 26.1 | 29.2 | 31.5 | 26.2 | 20.3 | |
EBIT | 96.8 | 141.5 | -4.4 | 63.1 | 58.4 | 77.0 | 34.5 | 75.1 |
EBIT margin | 30.3% | 41.4% | -2.5% | 23.1% | 21.4% | 27.1% | 14.9% | 33.1% |
Pre-tax income | 78.6 | 144.0 | -4.3 | 64.0 | 57.6 | 77.0 | 33.8 | 23.6 |
Income taxes | 16.6 | 33.7 | -2.6 | 12.7 | 11.7 | 34.0 | 10.2 | 8.5 |
Tax rate | 21.2% | 23.4% | 60.3% | 19.8% | 20.4% | 44.1% | 30.2% | 36.1% |
Net income | 63.3 | 112.9 | -1.7 | 51.3 | 45.8 | 43.1 | 23.6 | 15.0 |
Net margin | 19.8% | 33.0% | -1.0% | 18.8% | 16.8% | 15.1% | 10.2% | 6.6% |
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Diluted EPS | $1.85 | $3.01 | ($0.04) | $1.20 | $1.08 | $1.01 | $0.55 | $0.35 |
Shares outstanding (diluted) | 34.1 | 37.5 | 41.7 | 42.9 | 42.5 | 42.5 | 42.5 | 42.5 |
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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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