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 | 890.7 | 916.8 | 540.6 | 617.8 | 548.7 | 409.7 | 485.3 | 411.5 |
| Revenue growth | -2.8% | 69.6% | -12.5% | 12.6% | 33.9% | -15.6% | 17.9% | -12.4% |
| Cost of goods sold | 294.3 | 293.7 | 251.7 | 225.5 | 217.4 | 208.5 | 206.7 | 209.4 |
| Gross profit | 596.4 | 623.1 | 288.9 | 392.3 | 331.3 | 201.2 | 278.7 | 202.2 |
| Gross margin | 67.0% | 68.0% | 53.4% | 63.5% | 60.4% | 49.1% | 57.4% | 49.1% |
| Selling, general and administrative | | | | | | | | |
| Sales and marketing | 18.2 | 15.4 | 12.1 | 15.7 | 14.8 | 12.5 | 11.4 | 15.2 |
| Research and development | 8.7 | 9.4 | 8.4 | 6.9 | 6.4 | 6.1 | 6.8 | 7.7 |
| General and administrative | 68.1 | 82.1 | 70.4 | 61.2 | 58.2 | 60.5 | 63.9 | 73.1 |
| EBITA | 456.4 | 439.2 | 127.3 | 96.7 | 53.9 | -43.7 | 30.8 | 68.9 |
| EBITA margin | 51.2% | 47.9% | 23.6% | 15.6% | 9.8% | -10.7% | 6.4% | 16.7% |
| Amortization of intangibles | 8.8 | 11.4 | 5.9 | 3.1 | 3.6 | 4.4 | 4.9 | 5.1 |
| EBIT | 447.6 | 427.8 | 121.4 | 93.6 | 50.3 | -48.1 | 25.9 | 63.8 |
| EBIT margin | 50.3% | 46.7% | 22.5% | 15.1% | 9.2% | -11.7% | 5.3% | 15.5% |
| Pre-tax income | 447.6 | 427.8 | 116.3 | 239.4 | 190.6 | 62.0 | 130.3 | 27.7 |
| Income taxes | 142.5 | 146.8 | 14.1 | 72.0 | -11.0 | -5.0 | 37.0 | 6.4 |
| Tax rate | 31.8% | 34.3% | 12.1% | 30.1% | | | 28.4% | 23.2% |
| Net income | 305.1 | 277.3 | 99.6 | 164.7 | 198.9 | 64.3 | 93.0 | 21.3 |
| Net margin | 34.3% | 30.3% | 18.4% | 26.7% | 36.3% | 15.7% | 19.2% | 5.2% |
| |
| Diluted EPS | $1.59 | $1.31 | $0.46 | $0.76 | $0.92 | $0.00 | $0.43 | $0.10 |
| Shares outstanding (diluted) | 192.0 | 211.3 | 217.7 | 217.1 | 216.7 | 216,118.0 | 215.8 | 213.0 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|