Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 857.5 | 899.4 | 916.8 | 886.9 | 122.8 | 107.1 | 106.8 | 101.2 |
Revenue growth | -4.7% | -1.9% | 3.4% | 622.5% | 14.6% | 0.3% | 5.5% | -1.0% |
Cost of goods sold | 508.5 | 564.0 | 565.0 | 549.2 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 349.0 | 335.4 | 351.8 | 337.8 | 122.8 | 107.1 | 106.8 | 101.2 |
Gross margin | 40.7% | 37.3% | 38.4% | 38.1% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBIT | 178.1 | 172.2 | 190.1 | 187.9 | 146.2 | 151.2 | 165.6 | 168.7 |
EBIT margin | 20.8% | 19.1% | 20.7% | 21.2% | 119.1% | 141.1% | 155.1% | 166.6% |
Pre-tax income | 157.1 | 110.7 | 149.3 | 150.7 | 116.8 | 132.5 | 132.2 | 137.8 |
Income taxes | 34.0 | 26.4 | 51.0 | 53.9 | 34.9 | 41.1 | 43.7 | 47.0 |
Tax rate | 21.7% | 23.8% | 34.2% | 35.8% | 29.9% | 31.0% | 33.0% | 34.1% |
Net income | 123.0 | 84.3 | 98.3 | 96.8 | 81.9 | 91.4 | 88.6 | 90.8 |
Net margin | 14.3% | 9.4% | 10.7% | 10.9% | 66.7% | 85.4% | 83.0% | 89.7% |
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Diluted EPS | $3.02 | $2.07 | $2.42 | $2.39 | $2.03 | $2.27 | $2.21 | $2.27 |
Shares outstanding (diluted) | 40.7 | 40.6 | 40.5 | 40.4 | 40.3 | 40.2 | 40.1 | 40.1 |
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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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