Financial Summary (All financials)
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 | 90.9 | 88.1 | 83.6 | 80.4 | 82.2 | 81.7 | 77.0 | 72.5 |
Revenue growth | 3.1% | 5.4% | 4.0% | -2.2% | 0.7% | 6.1% | 6.3% | 4.9% |
Cost of goods sold | 3.9 | 3.3 | 3.3 | 2.9 | 2.8 | 2.6 | 2.3 | 2.2 |
Gross profit | 86.9 | 84.9 | 80.3 | 77.5 | 79.5 | 79.1 | 74.7 | 70.3 |
Gross margin | 95.7% | 96.3% | 96.0% | 96.4% | 96.6% | 96.8% | 97.0% | 97.0% |
Selling, general and administrative | | | | | | | | 4.3 |
General and administrative | 5.6 | 5.4 | 5.2 | 5.0 | 4.7 | 4.5 | 4.4 | |
EBIT | 22.3 | 22.3 | 19.9 | 19.0 | 19.6 | 18.8 | 17.6 | 16.0 |
EBIT margin | 24.5% | 25.3% | 23.8% | 23.6% | 23.8% | 23.0% | 22.8% | 22.1% |
Pre-tax income | 30.2 | 30.1 | 27.1 | 19.3 | 21.3 | 21.3 | 19.1 | 15.9 |
Income taxes | 5.7 | 5.7 | 5.2 | 5.0 | 7.3 | 8.3 | 7.8 | 6.4 |
Tax rate | 19.0% | 18.9% | 19.1% | 25.9% | 34.3% | 39.1% | 40.8% | 40.1% |
Net income | 24.4 | 24.4 | 21.9 | 14.3 | 14.0 | 13.0 | 11.3 | 9.5 |
Net margin | 26.9% | 27.7% | 26.3% | 17.8% | 17.0% | 15.9% | 14.7% | 13.1% |
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Diluted EPS | $2.59 | $2.61 | $2.35 | $1.54 | $1.51 | $1.41 | $1.26 | $1.06 |
Shares outstanding (diluted) | 9.4 | 9.4 | 9.3 | 9.3 | 9.2 | 9.2 | 9.0 | 8.9 |
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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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