Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 662.0 | 609.5 | 517.4 | 502.0 | 425.9 | 355.6 | 285.0 | 254.7 |
Revenue growth | 8.6% | 17.8% | 3.1% | 17.9% | 19.8% | 24.8% | 11.9% | 81.9% |
Cost of goods sold | 382.3 | 358.4 | 305.4 | 292.9 | 252.2 | 211.5 | 172.1 | 151.0 |
Gross profit | 279.7 | 251.1 | 212.0 | 209.1 | 173.7 | 144.2 | 112.9 | 103.7 |
Gross margin | 42.3% | 41.2% | 41.0% | 41.7% | 40.8% | 40.5% | 39.6% | 40.7% |
Selling, general and administrative | | | | | | 6.0 | 5.8 | 5.5 |
General and administrative | 31.9 | 29.1 | 24.5 | 8.3 | 6.5 | | | |
EBITA | 114.0 | 118.0 | 104.3 | 114.5 | 90.6 | 75.0 | 54.0 | 56.3 |
EBITA margin | 17.2% | 19.4% | 20.2% | 22.8% | 21.3% | 21.1% | 18.9% | 22.1% |
Amortization of intangibles | 19.3 | 12.7 | 8.6 | 6.7 | 5.8 | 5.0 | 3.9 | 2.9 |
EBIT | 94.7 | 105.3 | 95.8 | 107.8 | 84.8 | 70.0 | 50.1 | 53.4 |
EBIT margin | 14.3% | 17.3% | 18.5% | 21.5% | 19.9% | 19.7% | 17.6% | 21.0% |
Pre-tax income | 153.5 | 201.7 | 128.2 | 141.9 | 103.5 | 86.0 | 52.8 | 64.4 |
Income taxes | 37.5 | 106.8 | 51.0 | 57.9 | 42.2 | 34.6 | 8.7 | 22.4 |
Tax rate | 24.4% | 52.9% | 39.8% | 40.8% | 40.8% | 40.2% | 16.4% | 34.7% |
Net income | 116.0 | 95.0 | 77.2 | 84.0 | 61.3 | 51.4 | 43.9 | 40.0 |
Net margin | 17.5% | 15.6% | 14.9% | 16.7% | 14.4% | 14.5% | 15.4% | 15.7% |
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Diluted EPS | $2.88 | $2.39 | $1.99 | $2.18 | $1.61 | $1.36 | $1.18 | $1.11 |
Shares outstanding (diluted) | 40.3 | 39.7 | 38.8 | 38.4 | 38.0 | 37.7 | 37.2 | 36.1 |
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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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