In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 653.3 | 596.8 | 623.7 | 562.7 | 480.6 | 406.3 | 379.1 | 366.9 |
Revenue growth | 9.5% | -4.3% | 10.8% | 17.1% | 18.3% | 7.2% | 3.3% | 3.4% |
Cost of goods sold | 193.6 | 202.2 | 183.6 | 171.8 | 145.1 | 126.4 | 119.3 | 114.3 |
Gross profit | 459.7 | 394.6 | 440.1 | 390.9 | 335.5 | 279.9 | 259.7 | 252.6 |
Gross margin | 70.4% | 66.1% | 70.6% | 69.5% | 69.8% | 68.9% | 68.5% | 68.8% |
Selling, general and administrative | 118.3 | 108.6 | 108.6 | 99.8 | 84.6 | 70.3 | 53.3 | 35.4 |
General and administrative | 100.7 | 93.1 | 95.4 | 87.1 | 73.1 | 25.5 | 6.5 | 4.9 |
EBITA | 341.4 | 286.0 | 331.5 | 291.1 | 250.9 | 209.6 | 211.4 | 207.3 |
EBITA margin | 52.3% | 47.9% | 53.2% | 51.7% | 52.2% | 51.6% | 55.8% | 56.5% |
Amortization of intangibles | 9.9 | 10.9 | 11.2 | 7.9 | 5.5 | 3.4 | 3.4 | 2.3 |
EBIT | 331.5 | 275.1 | 320.3 | 283.2 | 245.4 | 206.2 | 208.0 | 205.1 |
EBIT margin | 50.7% | 46.1% | 51.4% | 50.3% | 51.1% | 50.8% | 54.9% | 55.9% |
Pre-tax income | 247.8 | 209.3 | 235.1 | 206.3 | 156.7 | 145.3 | 130.5 | 129.6 |
Income taxes | 55.7 | 48.1 | 54.1 | 46.1 | 50.2 | 49.6 | 43.7 | 45.2 |
Tax rate | 22.5% | 23.0% | 23.0% | 22.3% | 32.0% | 34.1% | 33.5% | 34.9% |
Earnings from continuing ops | 192.1 | 161.2 | 181.0 | 160.2 | 106.5 | 95.7 | 86.8 | 84.4 |
Earnings from discontinued ops | | | | | | | 86.8 | |
Net income | 192.1 | 161.2 | 181.0 | 160.2 | 106.5 | 95.7 | 86.8 | 84.4 |
Net margin | 29.4% | 27.0% | 29.0% | 28.5% | 22.2% | 23.6% | 22.9% | 23.0% |
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Diluted EPS | $3.11 | $2.53 | $2.83 | $2.75 | $2.05 | $2.13 | $1.90 | $1.87 |
Shares outstanding (diluted) | 61.7 | 63.7 | 63.9 | 58.2 | 51.9 | 44.9 | 45.6 | 45.2 |
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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. |