Financial Summary (All financials)
In millions, except per share items | Mar-31-23 | Mar-31-22 | Mar-31-21 | Mar-31-20 | Mar-31-19 | Mar-31-18 | Mar-31-17 | Mar-31-16 |
Revenues | 936.2 | 906.6 | 649.6 | 809.2 | 876.3 | 839.4 | 637.1 | 597.1 |
Revenue growth | 3.3% | 39.5% | -19.7% | -7.7% | 4.4% | 31.8% | 6.7% | 3.0% |
Cost of goods sold | 594.1 | 590.8 | 429.4 | 526.0 | 571.3 | 554.4 | 444.2 | 409.8 |
Gross profit | 342.1 | 315.7 | 220.2 | 283.2 | 305.0 | 285.1 | 192.9 | 187.3 |
Gross margin | 36.5% | 34.8% | 33.9% | 35.0% | 34.8% | 34.0% | 30.3% | 31.4% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 102.5 | 99.2 | 76.9 | 91.1 | 97.9 | 102.0 | 77.3 | 72.9 |
Research and development | 20.9 | 15.4 | 12.4 | 11.3 | 13.5 | 13.6 | 10.5 | 7.4 |
General and administrative | 94.8 | 102.1 | 76.0 | 77.9 | 83.6 | 85.6 | 72.1 | 61.4 |
EBITA | 123.8 | 99.1 | 54.9 | 102.8 | 84.3 | 83.9 | 33.0 | 45.6 |
EBITA margin | 13.2% | 10.9% | 8.4% | 12.7% | 9.6% | 10.0% | 5.2% | 7.6% |
Amortization of intangibles | 26.0 | 25.3 | 12.6 | 12.9 | 14.9 | 15.6 | 8.1 | 5.0 |
EBIT | 97.8 | 73.8 | 42.3 | 89.8 | 69.4 | 68.3 | 24.9 | 40.6 |
EBIT margin | 10.5% | 8.1% | 6.5% | 11.1% | 7.9% | 8.1% | 3.9% | 6.8% |
Pre-tax income | 74.5 | 38.4 | 10.1 | 77.2 | 52.9 | 49.7 | 13.0 | 31.6 |
Income taxes | 26.0 | 8.8 | 1.0 | 17.5 | 10.3 | 27.6 | 4.0 | 12.0 |
Tax rate | 35.0% | 22.9% | 9.6% | 22.7% | 19.5% | 55.6% | 31.0% | 38.1% |
Net income | 48.4 | 29.7 | 9.1 | 59.7 | 42.6 | 22.1 | 9.0 | 19.6 |
Net margin | 5.2% | 3.3% | 1.4% | 7.4% | 4.9% | 2.6% | 1.4% | 3.3% |
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Diluted EPS | $1.68 | $1.04 | $0.38 | $2.50 | $1.80 | $0.95 | $0.43 | $0.96 |
Shares outstanding (diluted) | 28.8 | 28.4 | 24.2 | 23.9 | 23.7 | 23.3 | 20.9 | 20.3 |
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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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