Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 195.0 | 168.5 | 151.4 | 136.0 | 129.9 | 128.1 | 127.4 | 107.3 |
Revenue growth | 15.7% | 11.3% | 11.3% | 4.7% | 1.4% | 0.6% | 18.7% | 16.9% |
Cost of goods sold | 83.3 | 73.6 | 66.1 | 61.8 | 59.3 | 55.8 | 56.6 | 56.8 |
Gross profit | 111.7 | 94.9 | 85.3 | 74.2 | 70.6 | 72.4 | 70.7 | 50.5 |
Gross margin | 57.3% | 56.3% | 56.4% | 54.6% | 54.3% | 56.5% | 55.5% | 47.1% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 3.3 | 3.4 | 3.2 | 3.2 | 3.7 | 4.4 | 4.1 | 3.4 |
Research and development | 1.8 | 1.6 | 1.8 | 1.7 | 1.8 | 1.7 | 2.0 | 1.9 |
General and administrative | 1.3 | 1.1 | 1.2 | 1.2 | 1.2 | 1.3 | 1.5 | 1.5 |
EBITA | 91.5 | 76.1 | 67.8 | 57.8 | 54.0 | 56.3 | 55.3 | 35.9 |
EBITA margin | 46.9% | 45.2% | 44.8% | 42.5% | 41.6% | 44.0% | 43.5% | 33.4% |
Amortization of intangibles | 2.0 | 1.3 | 1.6 | 1.7 | 1.9 | 1.8 | 1.9 | 2.1 |
EBIT | 89.5 | 74.8 | 66.2 | 56.1 | 52.1 | 54.5 | 53.4 | 33.8 |
EBIT margin | 45.9% | 44.4% | 43.7% | 41.3% | 40.1% | 42.5% | 41.9% | 31.5% |
Pre-tax income | 62.4 | 50.5 | 45.8 | 36.8 | 31.7 | 33.3 | 27.6 | 15.0 |
Income taxes | 12.9 | 12.1 | 10.2 | 7.8 | 5.3 | 6.0 | 3.7 | 0.2 |
Tax rate | 20.7% | 24.1% | 22.4% | 21.2% | 16.8% | 18.1% | 13.6% | 1.6% |
Net income | 49.4 | 38.3 | 35.5 | 0.0 | 25.7 | 26.5 | 20.8 | 11.7 |
Net margin | 25.4% | 22.7% | 23.5% | 0.0% | 19.8% | 20.7% | 16.3% | 10.9% |
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Diluted EPS | $1.94 | $1.64 | $1.62 | $0.00 | $1.26 | $1.30 | $1.03 | $0.58 |
Shares outstanding (diluted) | 25.5 | 23.4 | 21.9 | 20.9 | 20.4 | 20.3 | 20.2 | 20.2 |
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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. |
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