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 | 80.2 | 76.9 | 71.2 | 56.7 | 53.0 | 48.4 | 44.3 | 37.8 |
Revenue growth | 4.3% | 7.9% | 25.7% | 6.9% | 9.6% | 9.1% | 17.4% | 1.8% |
Cost of goods sold | 31.0 | 28.9 | 26.7 | 22.6 | 21.2 | 19.6 | 18.4 | 13.9 |
Gross profit | 49.2 | 48.0 | 44.5 | 34.0 | 31.8 | 28.7 | 25.9 | 23.8 |
Gross margin | 61.4% | 62.4% | 62.4% | 60.1% | 60.0% | 59.4% | 58.4% | 63.1% |
Selling, general and administrative | 2.5 | 2.0 | 2.3 | 2.1 | 2.5 | 1.9 | 0.6 | 1.4 |
General and administrative | 1.9 | 1.5 | 1.5 | 1.4 | 1.9 | 1.3 | | 0.8 |
EBITA | 47.1 | 46.0 | 42.2 | 31.9 | 29.3 | 26.8 | 25.3 | 22.5 |
EBITA margin | 58.7% | 59.8% | 59.2% | 56.4% | 55.3% | 55.5% | 57.0% | 59.6% |
Amortization of intangibles | 0.5 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | |
EBIT | 46.6 | 45.8 | 42.0 | 31.7 | 29.0 | 26.5 | 24.9 | 22.5 |
EBIT margin | 58.1% | 59.5% | 58.9% | 55.9% | 54.8% | 54.8% | 56.2% | 59.6% |
Pre-tax income | 35.5 | 35.3 | 30.4 | 23.3 | 21.4 | 19.1 | 15.7 | 14.3 |
Income taxes | 6.4 | 6.2 | 5.3 | 3.8 | 3.4 | 6.0 | 3.0 | 2.7 |
Tax rate | 18.1% | 17.6% | 17.3% | 16.4% | 15.9% | 31.6% | 19.4% | 19.0% |
Net income | 29.1 | 29.1 | 25.1 | 19.5 | 18.0 | 13.0 | 12.6 | 11.6 |
Net margin | 36.2% | 37.9% | 35.3% | 34.4% | 34.0% | 26.9% | 28.5% | 30.8% |
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Diluted EPS | $7.32 | $7.31 | $6.46 | $5.41 | $5.04 | $3.67 | $3.57 | $3.60 |
Shares outstanding (diluted) | 4.0 | 4.0 | 3.9 | 3.6 | 3.6 | 3.6 | 3.5 | 3.2 |
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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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