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 | 149.2 | 149.3 | 138.8 | 123.8 | 120.9 | 102.6 | 97.4 | 92.7 |
Revenue growth | 0.0% | 7.5% | 12.1% | 2.4% | 17.9% | 5.3% | 5.0% | 5.9% |
Cost of goods sold | 47.0 | 50.6 | 47.7 | 43.8 | 43.8 | 42.6 | 44.0 | 42.3 |
Gross profit | 102.2 | 98.6 | 91.1 | 80.0 | 77.1 | 60.0 | 53.3 | 50.4 |
Gross margin | 68.5% | 66.1% | 65.6% | 64.6% | 63.8% | 58.5% | 54.8% | 54.3% |
Selling, general and administrative | 6.2 | | | | | | | |
General and administrative | | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 6.4 | 5.5 |
EBITA | 74.2 | -15.1 | -16.3 | -14.2 | 19.7 | 55.6 | 43.1 | 40.5 |
EBITA margin | 49.7% | -10.1% | -11.7% | -11.5% | 16.3% | 54.2% | 44.3% | 43.7% |
Amortization of intangibles | | 0.5 | 0.3 | 0.4 | 0.4 | 0.5 | 0.6 | 0.6 |
EBIT | 74.2 | -15.6 | -16.6 | -14.6 | 19.3 | 55.1 | 42.5 | 39.9 |
EBIT margin | 49.7% | -10.4% | -12.0% | -11.8% | 15.9% | 53.7% | 43.7% | 43.1% |
Pre-tax income | 62.9 | 15.1 | 15.9 | 13.3 | 45.3 | 39.9 | 37.7 | 35.3 |
Income taxes | 14.1 | 0.3 | 0.4 | 0.5 | 0.7 | 10.5 | 11.2 | 10.6 |
Tax rate | 22.4% | 2.1% | 2.7% | 3.5% | 1.5% | 26.4% | 29.7% | 30.1% |
Net income | 48.8 | 64.4 | 51.9 | 47.1 | 36.3 | 29.3 | 26.5 | 24.7 |
Net margin | 32.7% | 43.1% | 37.4% | 38.0% | 30.0% | 28.6% | 27.3% | 26.6% |
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Diluted EPS | $2.95 | $4.01 | $3.25 | $2.96 | $2.36 | $1.98 | $1.86 | $1.80 |
Shares outstanding (diluted) | 16.5 | 16.1 | 15.9 | 15.9 | 15.4 | 14.8 | 14.3 | 13.7 |
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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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