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 | 211.5 | 29.1 | 191.9 | 169.5 | 156.6 | 130.5 | 123.2 | 117.8 |
Revenue growth | 626.8% | -84.8% | 13.2% | 8.2% | 20.0% | 5.9% | 4.6% | 2.3% |
Cost of goods sold | 81.0 | 99.6 | 92.3 | 85.4 | 79.3 | 70.8 | 65.6 | 64.5 |
Gross profit | 130.5 | -70.5 | 99.6 | 84.1 | 77.3 | 59.7 | 57.7 | 53.3 |
Gross margin | 61.7% | -242.2% | 51.9% | 49.6% | 49.4% | 45.7% | 46.8% | 45.3% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 2.1 | 1.9 | 2.2 | 2.5 | 2.2 | 1.9 | 1.9 | 2.1 |
General and administrative | 15.2 | 5.1 | 5.2 | 4.8 | 4.7 | 4.6 | 4.9 | 5.0 |
EBIT | 104.3 | -81.7 | 88.1 | 72.8 | 66.4 | 49.3 | 47.0 | 42.3 |
EBIT margin | 49.3% | -280.9% | 45.9% | 42.9% | 42.4% | 37.8% | 38.2% | 35.9% |
Pre-tax income | 77.8 | 77.3 | 69.5 | 57.8 | 49.1 | 38.4 | 32.9 | 29.4 |
Income taxes | 14.4 | 14.4 | 13.3 | 11.3 | 9.3 | 18.0 | 10.1 | 9.4 |
Tax rate | 18.6% | 18.6% | 19.2% | 19.6% | 18.9% | 46.7% | 30.8% | 31.9% |
Net income | 63.4 | 62.9 | 56.2 | 46.4 | 39.8 | 20.5 | 22.8 | 20.0 |
Net margin | 30.0% | 216.1% | 29.3% | 27.4% | 25.4% | 15.7% | 18.5% | 17.0% |
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Diluted EPS | $2.97 | $2.91 | $2.56 | $2.03 | $1.70 | $0.96 | $1.06 | $0.88 |
Shares outstanding (diluted) | 21.3 | 21.6 | 22.0 | 22.9 | 23.4 | 21.3 | 21.4 | 22.7 |
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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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