Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 212.0 | 202.8 | 154.4 | 141.1 | 132.5 | 130.8 | 128.8 | 125.3 |
Revenue growth | 4.5% | 31.4% | 9.4% | 6.5% | 1.3% | 1.5% | 2.9% | -3.2% |
Cost of goods sold | 125.4 | 118.9 | 84.8 | 82.4 | 80.1 | 81.0 | 83.2 | 80.0 |
Gross profit | 86.6 | 83.9 | 69.6 | 58.7 | 52.4 | 49.8 | 45.7 | 45.2 |
Gross margin | 40.8% | 41.4% | 45.1% | 41.6% | 39.5% | 38.1% | 35.5% | 36.1% |
Selling, general and administrative | | | | | | 2.3 | 2.5 | 3.2 |
General and administrative | 3.0 | 2.9 | 2.6 | 2.2 | 2.4 | | | |
EBITA | 85.4 | 79.5 | 65.2 | 54.4 | 48.0 | 49.8 | 45.7 | 45.3 |
EBITA margin | 40.3% | 39.2% | 42.2% | 38.6% | 36.2% | 38.1% | 35.5% | 36.1% |
Amortization of intangibles | 0.1 | | | | | | | 0.0 |
EBIT | 85.2 | 79.5 | 65.2 | 54.4 | 48.0 | 49.8 | 45.7 | 45.2 |
EBIT margin | 40.2% | 39.2% | 42.2% | 38.6% | 36.2% | 38.1% | 35.5% | 36.1% |
Pre-tax income | 49.5 | 52.9 | 40.8 | 29.6 | 23.1 | 17.6 | 13.6 | 10.9 |
Income taxes | 9.8 | 10.2 | 10.0 | 3.4 | 12.2 | 5.9 | 4.5 | 1.7 |
Tax rate | 19.9% | 19.3% | 24.4% | 11.5% | 52.9% | 33.3% | 32.8% | 15.2% |
Net income | 33.4 | 31.6 | 30.8 | 26.2 | 10.9 | 11.7 | 9.1 | 9.3 |
Net margin | 15.8% | 15.6% | 20.0% | 18.6% | 8.2% | 9.0% | 7.1% | 7.4% |
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Diluted EPS | $1.98 | $1.88 | $1.83 | $1.54 | $0.64 | $0.69 | $0.53 | $0.53 |
Shares outstanding (diluted) | 16.9 | 16.8 | 16.8 | 17.1 | 17.0 | 17.1 | 17.3 | 17.5 |
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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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