Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 417.4 | 334.6 | 315.8 | 306.6 | 270.6 | 237.7 | 227.0 | 213.4 |
Revenue growth | 24.7% | 6.0% | 3.0% | 13.3% | 13.9% | 4.7% | 6.4% | 5.4% |
Cost of goods sold | 169.5 | 151.9 | 120.3 | 107.5 | 91.0 | 69.0 | 67.1 | 69.8 |
Gross profit | 247.9 | 182.7 | 195.5 | 199.0 | 179.7 | 168.7 | 159.9 | 143.6 |
Gross margin | 59.4% | 54.6% | 61.9% | 64.9% | 66.4% | 71.0% | 70.4% | 67.3% |
Selling, general and administrative | 140.2 | 127.2 | 111.8 | 107.3 | 99.5 | 84.8 | 82.8 | 87.3 |
Research and development | 53.7 | 56.2 | 47.2 | 45.7 | 48.7 | 42.7 | 43.1 | 45.0 |
EBITA | 52.4 | -1.2 | 36.5 | 46.0 | 31.5 | 41.3 | 33.9 | 11.3 |
EBITA margin | 12.6% | -0.4% | 11.6% | 15.0% | 11.6% | 17.4% | 14.9% | 5.3% |
Amortization of intangibles | 11.5 | 11.4 | 8.7 | 8.9 | 8.2 | 3.9 | 3.9 | 4.1 |
EBIT | 40.9 | -12.6 | 27.8 | 37.2 | 23.3 | 37.4 | 30.0 | 7.2 |
EBIT margin | 9.8% | -3.8% | 8.8% | 12.1% | 8.6% | 15.7% | 13.2% | 3.4% |
Pre-tax income | 15.2 | -3.8 | 18.5 | 29.4 | 19.6 | 33.0 | 28.1 | 11.4 |
Income taxes | -13.8 | 5.7 | -9.8 | -7.7 | 5.8 | -3.8 | -11.0 | 4.3 |
Tax rate | | | | | 29.6% | | | 37.9% |
Net income | 14.9 | -3.8 | 18.2 | 28.9 | 13.8 | 36.9 | 39.0 | 7.1 |
Net margin | 3.6% | -1.1% | 5.8% | 9.4% | 5.1% | 15.5% | 17.2% | 3.3% |
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Diluted EPS | $0.32 | ($0.09) | $0.41 | $0.67 | $0.32 | $0.86 | $0.93 | $0.17 |
Shares outstanding (diluted) | 45.8 | 44.1 | 44.3 | 43.3 | 43.0 | 42.6 | 42.2 | 42.0 |
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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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