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 | 702.1 | 642.6 | 574.8 | 585.0 | 538.0 | 356.1 | 332.1 | 312.1 |
Revenue growth | 9.2% | 11.8% | -1.7% | 8.7% | 51.1% | 7.2% | 6.4% | 7.2% |
Cost of goods sold | 295.9 | 272.3 | 266.1 | 239.0 | 217.4 | 157.3 | 148.9 | 132.4 |
Gross profit | 406.2 | 370.3 | 308.7 | 346.1 | 320.7 | 198.8 | 183.2 | 179.7 |
Gross margin | 57.9% | 57.6% | 53.7% | 59.2% | 59.6% | 55.8% | 55.2% | 57.6% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 8.7 | 8.0 | 6.4 | 6.9 | 7.6 | 3.2 | 4.0 | 3.7 |
General and administrative | 46.1 | 46.0 | 41.0 | 36.4 | 43.5 | 30.9 | 19.6 | 22.6 |
EBITA | -205.8 | -134.8 | -228.9 | -246.5 | -225.6 | -162.7 | 136.9 | 117.2 |
EBITA margin | -29.3% | -21.0% | -39.8% | -42.1% | -41.9% | -45.7% | 41.2% | 37.6% |
Amortization of intangibles | 11.2 | 9.8 | 11.1 | 9.7 | 7.4 | 1.3 | 1.6 | 1.9 |
EBIT | -217.0 | -144.6 | -240.0 | -256.1 | -233.0 | -163.9 | 135.3 | 115.3 |
EBIT margin | -30.9% | -22.5% | -41.7% | -43.8% | -43.3% | -46.0% | 40.7% | 37.0% |
Pre-tax income | 241.7 | 240.9 | 184.4 | 242.9 | 214.2 | 116.2 | 130.7 | 110.9 |
Income taxes | 24.1 | 35.8 | 28.6 | 44.8 | 41.6 | 19.4 | 42.2 | 35.9 |
Tax rate | 10.0% | 14.8% | 15.5% | 18.4% | 19.4% | 16.7% | 32.3% | 32.3% |
Net income | 217.6 | 205.2 | 155.8 | 198.1 | 172.6 | 96.8 | 88.5 | 75.1 |
Net margin | 31.0% | 31.9% | 27.1% | 33.9% | 32.1% | 27.2% | 26.7% | 24.1% |
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Diluted EPS | $2.30 | $2.14 | $1.59 | $2.00 | $1.93 | $1.56 | $1.43 | $1.21 |
Shares outstanding (diluted) | 94.6 | 95.9 | 98.1 | 98.9 | 89.6 | 62.2 | 62.0 | 61.8 |
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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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