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 | 637.0 | 517.4 | 466.4 | 444.9 | 420.9 | 378.2 | 336.6 | 354.7 |
Revenue growth | 23.1% | 10.9% | 4.9% | 5.7% | 11.3% | 12.4% | -5.1% | -8.6% |
Cost of goods sold | 421.8 | 351.2 | 312.4 | 304.3 | 288.6 | 259.6 | 227.2 | 251.2 |
Gross profit | 215.2 | 166.2 | 154.0 | 140.6 | 132.2 | 118.6 | 109.4 | 103.5 |
Gross margin | 33.8% | 32.1% | 33.0% | 31.6% | 31.4% | 31.4% | 32.5% | 29.2% |
Sales and marketing | 45.7 | 40.5 | 35.6 | 36.6 | 36.4 | 34.0 | 31.8 | 30.6 |
Research and development | 19.7 | | | | 15.1 | 14.3 | 14.0 | 14.9 |
General and administrative | 70.3 | | | | 45.4 | 43.2 | 42.1 | 36.9 |
EBITA | 75.9 | 51.5 | 42.4 | 33.3 | 34.4 | 27.1 | 22.5 | 13.5 |
EBITA margin | 11.9% | 9.9% | 9.1% | 7.5% | 8.2% | 7.2% | 6.7% | 3.8% |
Amortization of intangibles | | 1.9 | 1.8 | 1.5 | 1.5 | 1.0 | 1.0 | 1.2 |
EBIT | 75.9 | 49.6 | 40.6 | 31.8 | 32.9 | 26.1 | 21.5 | 12.3 |
EBIT margin | 11.9% | 9.6% | 8.7% | 7.1% | 7.8% | 6.9% | 6.4% | 3.5% |
Pre-tax income | 73.7 | 48.9 | 40.6 | 31.5 | 32.6 | 25.8 | 21.0 | 11.7 |
Income taxes | 19.3 | 13.2 | 10.8 | 8.1 | 6.0 | 13.2 | 5.7 | 5.0 |
Tax rate | 26.2% | 26.9% | 26.6% | 25.8% | 18.4% | 51.0% | 27.2% | 43.0% |
Net income | 54.4 | 35.7 | 29.8 | 23.3 | 26.6 | 12.7 | 15.3 | 6.7 |
Net margin | 8.5% | 6.9% | 6.4% | 5.2% | 6.3% | 3.3% | 4.5% | 1.9% |
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Diluted EPS | $10.88 | $7.19 | $5.98 | $4.58 | $5.20 | $2.47 | $2.95 | $1.24 |
Shares outstanding (diluted) | 5.0 | 5.0 | 5.0 | 5.1 | 5.1 | 5.1 | 5.2 | 5.4 |
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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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