Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 141.3 | 135.6 | 130.2 | 92.3 | 83.6 | 76.6 | 68.5 | 55.1 |
Revenue growth | 4.2% | 4.2% | 41.0% | 10.4% | 9.1% | 11.9% | 24.3% | 21.6% |
Cost of goods sold | 47.8 | 44.5 | 45.9 | 39.2 | 35.7 | 33.8 | 31.5 | 25.6 |
Gross profit | 93.5 | 91.1 | 84.2 | 53.1 | 47.9 | 42.8 | 37.0 | 29.5 |
Gross margin | 66.2% | 67.2% | 64.7% | 57.5% | 57.2% | 55.8% | 54.0% | 53.5% |
Sales and marketing | 1.6 | 1.8 | 1.3 | 1.4 | 1.0 | 0.9 | 0.9 | 0.9 |
General and administrative | 7.1 | 4.5 | 3.5 | 2.8 | 2.9 | 2.8 | 2.8 | 2.1 |
EBIT | 55.8 | 57.8 | 52.6 | 41.6 | 37.0 | 39.1 | 11.1 | 26.5 |
EBIT margin | 39.5% | 42.6% | 40.4% | 45.1% | 44.2% | 51.0% | 16.3% | 48.1% |
Pre-tax income | 57.2 | 57.8 | 52.7 | 36.3 | 36.9 | 29.9 | 23.2 | 18.2 |
Income taxes | 13.7 | 13.5 | 12.1 | 16.5 | 13.3 | 10.3 | 8.2 | 6.3 |
Tax rate | 24.0% | 23.4% | 22.9% | 45.4% | 36.0% | 34.3% | 35.6% | 34.8% |
Net income | 43.5 | 44.3 | 40.6 | 19.8 | 23.6 | 19.6 | 14.9 | 11.9 |
Net margin | 30.8% | 32.7% | 31.2% | 21.5% | 28.2% | 25.6% | 21.8% | 21.6% |
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Diluted EPS | $2.29 | $2.33 | $2.14 | $1.08 | $1.30 | $1.17 | $0.98 | $0.89 |
Shares outstanding (diluted) | 19.0 | 19.0 | 19.0 | 18.4 | 18.2 | 16.8 | 15.1 | 13.4 |
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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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