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 | 427.2 | 430.3 | 339.8 | 169.4 | 139.6 | 114.3 | 82.5 | 69.1 |
Revenue growth | -0.7% | 26.6% | 100.6% | 21.4% | 22.1% | 38.6% | 19.4% | |
Cost of goods sold | 97.3 | 93.1 | 64.9 | 42.7 | 35.0 | 23.1 | 15.7 | 13.2 |
Gross profit | 329.9 | 337.2 | 274.8 | 126.7 | 104.5 | 91.2 | 66.8 | 55.9 |
Gross margin | 77.2% | 78.4% | 80.9% | 74.8% | 74.9% | 79.8% | 81.0% | 80.9% |
Research and development | 5.3 | 4.2 | 3.1 | 2.6 | 1.5 | 1.2 | 1.0 | 0.7 |
General and administrative | 9.1 | 5.4 | 3.7 | 2.3 | 2.6 | 1.5 | 1.3 | 0.7 |
EBITA | 287.1 | 304.1 | 240.4 | 90.9 | 75.0 | 72.8 | 52.5 | 46.1 |
EBITA margin | 67.2% | 70.7% | 70.8% | 53.7% | 53.7% | 63.7% | 63.7% | 66.7% |
Amortization of intangibles | | | | 0.2 | 0.2 | 0.1 | | |
EBIT | 287.1 | 304.1 | 240.4 | 90.7 | 74.8 | 72.7 | 52.5 | 46.1 |
EBIT margin | 67.2% | 70.7% | 70.8% | 53.5% | 53.6% | 63.6% | 63.7% | 66.7% |
Pre-tax income | 291.1 | 304.9 | 243.4 | 102.1 | 84.0 | 77.2 | 54.8 | 47.2 |
Income taxes | 71.4 | 77.8 | 62.8 | 24.8 | 21.2 | 22.5 | 21.7 | 18.8 |
Tax rate | 24.5% | 25.5% | 25.8% | 24.3% | 25.2% | 29.1% | 39.5% | 39.8% |
Net income | 193.7 | 206.2 | 166.1 | 68.1 | 59.5 | 51.4 | 31.1 | 28.4 |
Net margin | 45.4% | 47.9% | 48.9% | 40.2% | 42.7% | 44.9% | 37.7% | 41.1% |
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Diluted EPS | $4.47 | $4.76 | $3.85 | $1.58 | $2.07 | $2.28 | $1.47 | $1.35 |
Shares outstanding (diluted) | 43.3 | 43.3 | 43.2 | 43.1 | 28.7 | 22.6 | 21.1 | 21.1 |
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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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