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 | 293.7 | 341.0 | 293.7 | 309.2 | 291.5 | 275.4 | 252.8 | 247.7 |
| Revenue growth | -13.9% | 16.1% | -5.0% | 6.1% | 5.9% | 8.9% | 2.1% | 5.6% |
| Cost of goods sold | 134.8 | 116.3 | 111.8 | 107.6 | 103.9 | 97.5 | 96.5 | 95.9 |
| Gross profit | 158.9 | 224.7 | 181.9 | 201.5 | 187.6 | 177.8 | 156.2 | 151.8 |
| Gross margin | 54.1% | 65.9% | 61.9% | 65.2% | 64.4% | 64.6% | 61.8% | 61.3% |
| Selling, general and administrative | 16.2 | 34.5 | 32.0 | 31.8 | 31.1 | 27.6 | 24.7 | 23.0 |
| EBITA | 142.7 | 190.2 | 149.9 | 169.8 | 156.6 | 150.6 | 132.2 | 129.4 |
| EBITA margin | 48.6% | 55.8% | 51.0% | 54.9% | 53.7% | 54.7% | 52.3% | 52.3% |
| Amortization of intangibles | | 0.0 | 0.0 | 0.0 | 0.1 | 0.4 | 0.6 | 0.7 |
| EBIT | 142.7 | 190.2 | 149.9 | 169.8 | 156.5 | 150.2 | 131.6 | 128.7 |
| EBIT margin | 48.6% | 55.8% | 51.0% | 54.9% | 53.7% | 54.6% | 52.1% | 52.0% |
| Pre-tax income | 156.8 | 154.9 | 106.3 | 120.2 | 105.0 | 101.4 | 89.1 | 88.6 |
| Income taxes | 36.3 | 36.3 | 24.9 | 28.1 | 22.6 | 33.3 | 31.3 | 31.1 |
| Tax rate | 23.1% | 23.5% | 23.4% | 23.4% | 21.5% | 32.9% | 35.2% | 35.1% |
| Net income | 120.5 | 118.5 | 81.4 | 92.0 | 82.4 | 68.1 | 57.8 | 57.5 |
| Net margin | 41.0% | 34.8% | 27.7% | 29.7% | 28.3% | 24.7% | 22.9% | 23.2% |
| |
| Diluted EPS | $4.88 | $4.73 | $3.19 | $3.59 | $3.18 | $2.62 | $2.23 | $2.20 |
| Shares outstanding (diluted) | 24.7 | 25.0 | 25.5 | 25.6 | 25.9 | 25.9 | 25.9 | 26.2 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|