Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 184.1 | 221.2 | 218.4 | 171.6 | 155.9 | 151.5 | 124.3 | 117.8 |
Revenue growth | -16.8% | 1.3% | 27.2% | 10.1% | 2.9% | 21.9% | 5.5% | 9.9% |
Cost of goods sold | 81.6 | 87.0 | 78.3 | 63.2 | 57.0 | 54.9 | 44.4 | 43.2 |
Gross profit | 102.5 | 134.3 | 140.1 | 108.5 | 98.9 | 96.6 | 79.8 | 74.6 |
Gross margin | 55.7% | 60.7% | 64.2% | 63.2% | 63.4% | 63.8% | 64.3% | 63.3% |
Sales and marketing | 1.6 | 2.1 | 1.7 | 1.5 | 1.4 | 2.1 | 1.5 | 1.5 |
Research and development | | | | | | | | |
General and administrative | 24.8 | 25.9 | 23.9 | 18.3 | 9.1 | 8.0 | 3.5 | 14.7 |
EBITA | 62.4 | 92.6 | 103.2 | 78.4 | 69.3 | 68.2 | 58.9 | 53.6 |
EBITA margin | 33.9% | 41.9% | 47.2% | 45.7% | 44.5% | 45.0% | 47.4% | 45.5% |
Amortization of intangibles | 3.6 | 3.8 | 3.7 | 2.7 | 3.5 | 3.8 | 2.7 | 2.6 |
EBIT | 58.8 | 88.8 | 99.5 | 75.6 | 65.8 | 64.3 | 56.2 | 50.9 |
EBIT margin | 32.0% | 40.1% | 45.6% | 44.1% | 42.2% | 42.5% | 45.3% | 43.2% |
Pre-tax income | 41.4 | 74.8 | 78.0 | 57.2 | 54.2 | 25.9 | 42.8 | 37.0 |
Income taxes | 8.9 | 15.6 | 14.2 | 34.2 | 18.2 | 9.2 | 15.0 | 12.6 |
Tax rate | 21.4% | 20.9% | 18.2% | 59.8% | 33.5% | 35.4% | 35.0% | 34.0% |
Net income | 32.5 | 59.2 | 63.8 | 23.0 | 36.0 | 16.8 | 27.8 | 24.4 |
Net margin | 17.7% | 26.8% | 29.2% | 13.4% | 23.1% | 11.1% | 22.4% | 20.8% |
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Diluted EPS | $1.62 | $2.93 | $3.13 | $1.32 | $2.12 | $0.94 | $2.01 | $1.80 |
Shares outstanding (diluted) | 20.0 | 20.2 | 20.4 | 17.4 | 17.0 | 17.8 | 13.9 | 13.6 |
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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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