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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Water Utility Services | 12.1 | 10.2 | 11.0 | 8.0 | | | | |
Other | 574.8 | 549.4 | 538.3 | 439.8 | | | | |
Total revenues | 586.9 | 559.6 | 549.3 | 447.7 | 389.3 | 381.8 | 339.7 | 127.1 |
Revenue growth [+] | 4.9% | 1.9% | 22.7% | 15.0% | 2.0% | 12.4% | 167.3% | -4.8% |
Water Utility Services | 19.1% | -7.5% | 37.8% | | | | | |
Cost of goods sold | 394.3 | 373.0 | 367.1 | 280.9 | 266.9 | 231.0 | 200.7 | 0.0 |
Gross profit | 192.6 | 186.6 | 182.2 | 166.8 | 122.4 | 150.8 | 139.0 | 127.1 |
Gross margin | 32.8% | 33.3% | 33.2% | 37.3% | 31.4% | 39.5% | 40.9% | 100.0% |
Selling, general and administrative [+] | 95.4 | 87.3 | 79.7 | 66.3 | 48.9 | 48.9 | 41.5 | 47.1 |
General and administrative | 95.4 | 87.3 | 79.7 | 66.3 | 48.9 | 48.9 | 41.5 | 47.1 |
Other operating expenses | -33.8 | -14.1 | -15.3 | 27.2 | | | | |
EBITDA [+] | 237.4 | 209.8 | 209.3 | 141.7 | 130.3 | 152.4 | 143.7 | 122.3 |
EBITDA growth | 13.1% | 0.3% | 47.7% | 8.7% | -14.4% | 6.0% | 17.5% | -7.6% |
EBITDA margin | 40.5% | 37.5% | 38.1% | 31.7% | 33.5% | 39.9% | 42.3% | 96.2% |
Depreciation | 102.6 | 94.9 | 90.2 | 67.7 | 56.3 | 49.9 | 45.8 | 41.9 |
EBITA | 134.8 | 114.9 | 119.1 | 74.0 | 74.1 | 102.5 | 98.0 | 80.4 |
EBITA margin | 23.0% | 20.5% | 21.7% | 16.5% | 19.0% | 26.8% | 28.8% | 63.3% |
Amortization of intangibles | 3.9 | 1.6 | 1.4 | 0.7 | 0.6 | 0.6 | 0.5 | 0.5 |
EBIT [+] | 131.0 | 113.4 | 117.7 | 73.2 | 73.4 | 101.9 | 97.4 | 80.0 |
EBIT growth | 15.5% | -3.7% | 60.6% | -0.3% | -27.9% | 4.5% | 21.9% | -13.9% |
EBIT margin | 22.3% | 20.3% | 21.4% | 16.4% | 18.9% | 26.7% | 28.7% | 62.9% |
Non-recurring items | | 2.2 | | 15.8 | | | | |
Interest expense | 58.1 | 54.3 | 54.3 | 31.8 | 24.3 | 22.9 | 21.8 | 22.2 |
Interest expense | 58.1 | 54.3 | 54.3 | 31.8 | 24.3 | 22.9 | 21.8 | 22.2 |
Other income (expense), net [+] | 9.4 | 12.0 | 6.5 | 6.4 | -0.3 | 17.6 | 10.8 | 3.4 |
Gain (loss) on sale of assets | -6.2 | -7.5 | | | | 6.9 | 10.4 | 1.9 |
Realized gain (loss) on investments | | | | | | | 3.2 | |
Other | 4.4 | 6.8 | 5.9 | 2.1 | 2.3 | 1.9 | 4.7 | 1.3 |
Pre-tax income | 82.3 | 68.8 | 69.9 | 32.1 | 48.8 | 96.5 | 86.4 | 61.2 |
Income taxes | 8.5 | 8.4 | 8.4 | 8.5 | 10.1 | 35.4 | 33.5 | 23.3 |
Tax rate | 10.3% | 12.2% | 12.0% | 26.4% | 20.6% | 36.7% | 38.8% | 38.1% |
Minority interest | | | | 0.2 | | 1.9 | | |
Net income | 73.8 | 60.5 | 61.5 | 23.4 | 38.8 | 59.2 | 52.8 | 37.9 |
Net margin | 12.6% | 10.8% | 11.2% | 5.2% | 10.0% | 15.5% | 15.6% | 29.8% |
|
Basic EPS [+] | $2.44 | $2.04 | $2.16 | $0.82 | $1.83 | $2.89 | $2.59 | $1.86 |
Growth | 19.2% | -5.3% | 162.1% | -55.0% | -36.7% | 11.7% | 38.9% | -27.4% |
Diluted EPS [+] | $2.43 | $2.03 | $2.14 | $0.82 | $1.82 | $2.86 | $2.57 | $1.85 |
Growth | 19.3% | -5.1% | 161.6% | -54.9% | -36.5% | 11.5% | 39.0% | -27.2% |
|
Dividends per share [+] | $1.44 | $1.36 | $1.28 | $1.20 | $1.12 | $1.04 | $0.81 | $0.78 |
Growth | 5.9% | 6.3% | 6.7% | 7.1% | 7.7% | 28.4% | 3.8% | 4.0% |
|
Shares outstanding (basic) [+] | 30.3 | 29.6 | 28.5 | 28.4 | 21.2 | 20.5 | 20.4 | 20.4 |
Growth | 2.4% | 3.8% | 0.3% | 34.1% | 3.4% | 0.3% | 0.4% | 0.7% |
Shares outstanding (diluted) [+] | 30.4 | 29.7 | 28.7 | 28.6 | 21.3 | 20.7 | 20.6 | 20.5 |
Growth | 2.3% | 3.6% | 0.5% | 33.9% | 3.1% | 0.5% | 0.4% | 0.5% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |