Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 660.7 | 664.0 | 649.8 | 623.7 | 594.5 | 568.0 | 511.8 | 472.6 |
Revenue growth | -0.5% | 2.2% | 4.2% | 4.9% | 4.7% | 11.0% | 8.3% | 6.6% |
Cost of goods sold | 3.8 | 3.4 | 2.7 | 2.7 | 2.4 | 2.1 | 2.1 | 2.7 |
Gross profit | 657.0 | 660.6 | 647.1 | 621.0 | 592.1 | 565.9 | 509.7 | 470.0 |
Gross margin | 99.4% | 99.5% | 99.6% | 99.6% | 99.6% | 99.6% | 99.6% | 99.4% |
Selling, general and administrative | 88.8 | 81.9 | 74.4 | 68.4 | 56.8 | 65.8 | 60.9 | 54.5 |
EBIT | -19.4 | 34.5 | 57.0 | 72.0 | 41.2 | 61.2 | 52.5 | -10.1 |
EBIT margin | -2.9% | 5.2% | 8.8% | 11.5% | 6.9% | 10.8% | 10.3% | -2.1% |
Pre-tax income | -14.7 | 39.8 | 63.2 | 71.7 | 40.9 | 60.9 | 51.6 | -11.0 |
Income taxes | -7.2 | 0.6 | 17.0 | 21.5 | 10.9 | 17.3 | 13.7 | -8.3 |
Tax rate | 49.1% | 1.5% | 26.9% | 30.0% | 26.7% | 28.5% | 26.5% | 75.1% |
Net income | -7.5 | 39.2 | 46.2 | 50.2 | 30.0 | 43.5 | 38.0 | -2.7 |
Net margin | -1.1% | 5.9% | 7.1% | 8.0% | 5.0% | 7.7% | 7.4% | -0.6% |
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Diluted EPS | ($0.35) | $1.84 | $2.20 | $2.43 | $1.48 | $2.22 | $2.95 | ($0.21) |
Shares outstanding (diluted) | 21.5 | 21.3 | 21.0 | 20.6 | 20.2 | 19.6 | 12.9 | 12.9 |
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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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