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 | 1,046.5 | 990.5 | 996.8 | 875.1 | 789.6 | 761.0 | 752.5 | 751.3 |
Revenue growth | 5.6% | -0.6% | 13.9% | 10.8% | 3.8% | 1.1% | 0.2% | 0.5% |
Cost of goods sold | 543.2 | 535.6 | 525.1 | 449.8 | 394.8 | 375.1 | 420.2 | 422.0 |
Gross profit | 503.3 | 454.9 | 471.7 | 425.2 | 394.8 | 385.8 | 332.4 | 329.3 |
Gross margin | 48.1% | 45.9% | 47.3% | 48.6% | 50.0% | 50.7% | 44.2% | 43.8% |
Selling, general and administrative | 379.1 | 349.4 | 345.6 | 169.3 | 153.7 | 140.5 | 139.8 | 153.5 |
Research and development | | | | 124.0 | 113.2 | 98.7 | 102.0 | 104.7 |
EBITA | 77.7 | 65.2 | 85.3 | 157.9 | 144.0 | 160.7 | 145.5 | 123.2 |
EBITA margin | 7.4% | 6.6% | 8.6% | 18.0% | 18.2% | 21.1% | 19.3% | 16.4% |
Amortization of intangibles | | | | 44.3 | 29.5 | 27.6 | 29.3 | 33.6 |
EBIT | 77.7 | 65.2 | 85.3 | 113.6 | 114.5 | 133.0 | 116.2 | 89.7 |
EBIT margin | 7.4% | 6.6% | 8.6% | 13.0% | 14.5% | 17.5% | 15.4% | 11.9% |
Pre-tax income | 100.9 | 85.4 | 105.7 | 87.0 | 87.7 | 100.0 | 96.3 | 61.5 |
Income taxes | 28.6 | 26.6 | 23.0 | 20.9 | 26.3 | 37.1 | 33.8 | 25.8 |
Tax rate | 28.3% | 31.2% | 21.7% | 24.0% | 30.0% | 37.1% | 35.1% | 42.0% |
Net income | 72.3 | 58.7 | 82.8 | 66.1 | 61.4 | 62.9 | 62.6 | 35.7 |
Net margin | 6.9% | 5.9% | 8.3% | 7.6% | 7.8% | 8.3% | 8.3% | 4.8% |
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Diluted EPS | $2.26 | $1.82 | $2.55 | $2.01 | $1.87 | $1.90 | $1.87 | $1.06 |
Shares outstanding (diluted) | 32.0 | 32.3 | 32.5 | 32.9 | 32.9 | 33.0 | 33.4 | 33.7 |
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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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