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 |
Revenues | 257.0 | 197.5 | 176.7 | 169.0 | 161.9 | 128.7 |
Revenue growth | 30.1% | 11.8% | 4.6% | 4.4% | 25.7% | |
Cost of goods sold | 150.1 | 114.1 | 109.7 | 104.9 | 107.2 | 82.5 |
Gross profit | 106.9 | 83.5 | 67.0 | 64.1 | 54.6 | 46.2 |
Gross margin | 41.6% | 42.3% | 37.9% | 37.9% | 33.8% | 35.9% |
Selling, general and administrative | 27.6 | 23.3 | 19.1 | 25.5 | 21.0 | 0.0 |
EBIT | 78.0 | 58.9 | 48.7 | 37.8 | 32.8 | 28.1 |
EBIT margin | 30.4% | 29.8% | 27.5% | 22.4% | 20.3% | 21.8% |
Pre-tax income | 82.1 | 60.6 | 48.8 | 37.6 | 30.6 | 26.5 |
Income taxes | 14.4 | 10.8 | 10.8 | 8.7 | 9.1 | 0.1 |
Tax rate | 17.5% | 17.7% | 22.2% | 23.3% | 29.8% | 0.5% |
Net income | 67.8 | 49.9 | 38.0 | 28.8 | 21.5 | 26.3 |
Net margin | 26.4% | 25.3% | 21.5% | 17.1% | 13.3% | 20.5% |
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Diluted EPS | $2.74 | $2.05 | $1.57 | $1.18 | $1.07 | |
Shares outstanding (diluted) | 24.7 | 24.3 | 24.2 | 24.4 | 20.2 | |
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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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