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 | 703.8 | 619.1 | 667.0 | 633.1 | 409.0 | 335.0 | 285.8 | 249.3 |
Revenue growth | 13.7% | -7.2% | 5.4% | 54.8% | 22.1% | 17.2% | 14.7% | 13.7% |
Cost of goods sold | 40.9 | 247.0 | 226.4 | 215.6 | 142.8 | 133.8 | 112.6 | 99.0 |
Gross profit | 662.9 | 372.2 | 440.6 | 417.4 | 266.2 | 201.2 | 173.2 | 150.2 |
Gross margin | 94.2% | 60.1% | 66.1% | 65.9% | 65.1% | 60.1% | 60.6% | 60.3% |
Selling, general and administrative | 107.6 | | | | | | | |
Sales and marketing | 7.2 | 5.4 | 5.7 | 6.7 | 4.6 | 3.1 | 3.0 | 3.0 |
General and administrative | | 29.7 | 31.4 | 24.5 | 16.5 | 15.4 | 15.4 | 13.7 |
EBITA | 323.1 | 370.7 | 158.7 | 221.6 | 173.7 | 112.3 | 99.6 | 86.3 |
EBITA margin | 45.9% | 59.9% | 23.8% | 35.0% | 42.5% | 33.5% | 34.8% | 34.6% |
Amortization of intangibles | | 10.6 | 10.9 | 11.1 | 2.9 | 3.1 | 2.4 | 1.8 |
EBIT | 323.1 | 360.1 | 147.7 | 210.5 | 170.8 | 109.2 | 97.2 | 84.5 |
EBIT margin | 45.9% | 58.2% | 22.2% | 33.3% | 41.8% | 32.6% | 34.0% | 33.9% |
Pre-tax income | 300.6 | 357.7 | 145.0 | 194.4 | 170.8 | 108.5 | 97.2 | 83.8 |
Income taxes | 78.0 | 86.1 | 31.6 | 46.5 | 36.1 | 58.2 | 33.1 | 30.3 |
Tax rate | 25.9% | 24.1% | 21.8% | 23.9% | 21.1% | 53.7% | 34.0% | 36.1% |
Net income | 222.6 | 271.4 | 114.8 | 148.8 | 134.7 | 50.2 | 64.1 | 53.5 |
Net margin | 31.6% | 43.8% | 17.2% | 23.5% | 32.9% | 15.0% | 22.4% | 21.5% |
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Diluted EPS | | $5.69 | $2.27 | $3.00 | $4.19 | $1.56 | $2.06 | $1.85 |
Shares outstanding (diluted) | | 47.7 | 50.5 | 49.6 | 32.2 | 32.3 | 31.1 | 28.9 |
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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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