Financial Summary (All financials)
In millions, except per share items | Dec-31-05 | Dec-31-04 | Dec-31-03 |
Revenues | 245.1 | 160.9 | 96.4 |
Revenue growth | 52.3% | 66.9% | |
Cost of goods sold | 184.8 | 124.5 | 75.9 |
Gross profit | 60.3 | 36.4 | 20.5 |
Gross margin | 24.6% | 22.6% | 21.3% |
Selling, general and administrative | 16.5 | 9.6 | 6.2 |
Research and development | 1.7 | 1.1 | 0.8 |
EBITA | 42.2 | 25.7 | 13.5 |
EBITA margin | 17.2% | 16.0% | 14.0% |
Amortization of intangibles | 0.1 | 0.0 | |
EBIT | 42.1 | 25.7 | 13.5 |
EBIT margin | 17.2% | 16.0% | 14.0% |
Pre-tax income | 43.7 | 26.4 | 13.6 |
Income taxes | 15.9 | 9.3 | 4.9 |
Tax rate | 36.2% | 35.0% | 35.7% |
Net income | 27.9 | 17.2 | 8.7 |
Net margin | 11.4% | 10.7% | 9.0% |
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Diluted EPS | $1.01 | $0.64 | $0.39 |
Shares outstanding (diluted) | 27.7 | 26.8 | 22.4 |
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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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