In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Package Testing | 30.3 | 26.6 | 28.1 | 25.2 | 19.7 | 4.7 | 3.8 | |
Permeation | 23.0 | 24.6 | 23.4 | 21.4 | 21.2 | 25.3 | 21.2 | |
Industrial Analyzers and Other | 10.0 | 9.6 | 13.0 | 10.5 | 9.0 | 7.3 | 6.5 | |
Total revenues [+] | 63.3 | 60.8 | 64.5 | 57.1 | 49.9 | 37.4 | 31.5 | 26.6 |
Products | 49.5 | 47.8 | 50.7 | 44.8 | 38.8 | 34.4 | 28.9 | 24.8 |
Services | 11.7 | 10.0 | 10.7 | 9.1 | 8.3 | 3.0 | 2.7 | 1.8 |
Revenue growth [+] | 4.2% | -5.8% | 12.9% | 14.4% | 33.7% | 18.4% | 18.4% | -10.3% |
Package Testing | 13.8% | -5.3% | 11.2% | 28.2% | 317.6% | 22.6% | | |
Permeation | -6.3% | 5.2% | 9.3% | 0.7% | -16.1% | 19.3% | | |
Industrial Analyzers and Other | 4.6% | -26.5% | 24.4% | 16.1% | 22.8% | 13.0% | | |
Cost of goods sold [+] | 27.7 | 27.5 | 28.4 | 25.8 | 22.6 | 13.9 | 12.4 | 11.1 |
Cost of product sales | 21.2 | 21.3 | 22.2 | 20.0 | 17.8 | 12.3 | 11.0 | 10.0 |
Cost of services | 4.8 | 4.2 | 4.2 | 3.9 | 3.1 | 1.6 | 1.4 | 1.1 |
Gross profit | 35.7 | 33.2 | 36.1 | 31.3 | 27.3 | 23.5 | 19.2 | 15.6 |
Gross margin | 56.3% | 54.7% | 56.0% | 54.8% | 54.7% | 62.8% | 60.7% | 58.4% |
Selling, general and administrative | 23.6 | 23.5 | 25.0 | 22.5 | 20.3 | 12.9 | 11.2 | 9.9 |
Research and development | 4.8 | 4.3 | 4.2 | 4.0 | 3.6 | 2.4 | 2.1 | 1.8 |
Other operating expenses | | | 3.2 | | | | | |
EBITDA [+] | 9.7 | 7.9 | 6.3 | 7.2 | 5.3 | 8.7 | 6.4 | 4.4 |
EBITDA growth | 23.8% | 24.6% | -12.4% | 35.9% | -39.3% | 37.0% | 43.6% | -26.5% |
EBITDA margin | 15.4% | 13.0% | 9.8% | 12.6% | 10.6% | 23.4% | 20.2% | 16.7% |
Depreciation | 1.5 | 1.3 | 1.3 | 1.2 | 1.1 | 0.5 | 0.5 | 0.6 |
EBITA | 8.3 | 6.6 | 5.1 | 6.0 | 4.3 | 8.2 | 5.9 | 3.9 |
EBITA margin | 13.1% | 10.9% | 7.9% | 10.5% | 8.5% | 22.0% | 18.8% | 14.5% |
Amortization of intangibles | 1.1 | 1.2 | 1.3 | 1.2 | 0.9 | 0.1 | 0.1 | |
EBIT [+] | 7.2 | 5.4 | 3.8 | 4.8 | 3.4 | 8.1 | 5.8 | 3.9 |
EBIT growth | 32.9% | 43.9% | -21.3% | 42.4% | -58.7% | 39.2% | 51.0% | -29.2% |
EBIT margin | 11.4% | 8.9% | 5.8% | 8.4% | 6.7% | 21.7% | 18.5% | 14.5% |
Non-recurring items | 0.9 | 1.0 | | | | | | |
Interest expense, net [+] | | 0.0 | 0.0 | 0.0 | -0.1 | -0.1 | -0.1 | |
Interest expense | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | | | |
Interest income | | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | |
Other income (expense), net [+] | 0.4 | 0.2 | -0.1 | -0.1 | 0.2 | 0.0 | 0.5 | 0.4 |
Asset impairment charges | | | 3.2 | | | | | |
Impairment of investments | | | 3.2 | | | | | |
Other | 0.4 | 0.1 | -0.3 | -0.4 | 0.0 | 0.1 | 0.6 | 0.4 |
Pre-tax income | 6.7 | 4.5 | 3.5 | 4.4 | 3.4 | 8.2 | 6.5 | 4.2 |
Income taxes | 1.7 | 1.5 | 1.9 | 1.0 | 1.4 | 2.8 | 1.9 | 1.3 |
Tax rate | 25.0% | 33.3% | 55.6% | 21.8% | 40.8% | 33.6% | 30.1% | 31.2% |
Net income | 5.0 | 3.0 | 1.5 | 3.5 | 2.0 | 5.5 | 4.5 | 2.9 |
Net margin | 7.9% | 4.9% | 2.4% | 6.1% | 4.0% | 14.6% | 14.3% | 10.9% |
|
Basic EPS [+] | $0.86 | $0.52 | $0.27 | $0.62 | $0.37 | $1.02 | $0.87 | $0.54 |
Growth | 66.8% | 90.5% | -56.6% | 70.8% | -64.2% | 17.6% | 60.7% | -26.0% |
Diluted EPS [+] | $0.86 | $0.51 | $0.27 | $0.61 | $0.35 | $0.98 | $0.84 | $0.53 |
Growth | 67.7% | 91.4% | -56.5% | 73.8% | -63.9% | 16.1% | 58.0% | -25.8% |
|
Dividends per share [+] | $0.44 | $0.44 | $0.44 | $0.44 | $0.42 | $0.40 | $0.38 | $0.36 |
Growth | 0.0% | 0.0% | 0.0% | 4.8% | 5.0% | 5.3% | 5.6% | |
|
Shares outstanding (basic) [+] | 5.8 | 5.8 | 5.7 | 5.5 | 5.5 | 5.3 | 5.2 | 5.4 |
Growth | 0.9% | 1.6% | 2.2% | 1.2% | 2.5% | 2.6% | -3.4% | -3.1% |
Shares outstanding (diluted) [+] | 5.8 | 5.8 | 5.8 | 5.6 | 5.7 | 5.6 | 5.4 | 5.5 |
Growth | 0.3% | 1.1% | 2.0% | -0.5% | 1.8% | 3.9% | -1.7% | -3.4% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |