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 | 320.9 | 269.7 | 155.9 | 134.0 | 123.2 | 93.5 | 79.2 | 69.4 |
Revenue growth | 19.0% | 73.0% | 16.3% | 8.8% | 31.8% | 18.0% | 14.2% | 309.6% |
Cost of goods sold | 161.1 | 132.3 | 82.6 | 69.2 | 62.4 | 48.0 | 46.7 | 37.5 |
Gross profit | 159.9 | 137.3 | 73.2 | 64.8 | 60.8 | 45.5 | 32.5 | 31.8 |
Gross margin | 49.8% | 50.9% | 47.0% | 48.3% | 49.4% | 48.7% | 41.0% | 45.9% |
Selling, general and administrative | 49.5 | 43.0 | 31.0 | 26.5 | 26.2 | 22.0 | 21.9 | 19.3 |
Research and development | 28.9 | 23.5 | 19.6 | 16.3 | 14.6 | 13.5 | 12.6 | 11.4 |
EBITA | 81.6 | 71.0 | 22.7 | 22.1 | 20.1 | 10.1 | 3.0 | 2.3 |
EBITA margin | 25.4% | 26.3% | 14.6% | 16.5% | 16.3% | 10.8% | 3.8% | 3.4% |
Amortization of intangibles | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
EBIT | 81.5 | 70.9 | 22.6 | 22.0 | 20.0 | 10.0 | 2.9 | 2.2 |
EBIT margin | 25.4% | 26.3% | 14.5% | 16.4% | 16.3% | 10.7% | 3.6% | 3.2% |
Pre-tax income | 88.2 | 71.9 | 23.4 | 22.8 | 20.8 | -3.2 | 1.2 | -14.9 |
Income taxes | 8.2 | 11.7 | 1.6 | 2.0 | 2.0 | -4.9 | 0.3 | -2.1 |
Tax rate | 9.3% | 16.2% | 6.9% | 8.6% | 9.8% | 153.0% | 25.9% | 13.9% |
Earnings from continuing ops | 79.9 | 60.3 | 21.8 | 20.8 | 18.7 | 1.7 | 0.9 | -12.8 |
Earnings from discontinued ops | | | | 1.2 | | 12.3 | 3.9 | 2.7 |
Net income | 79.9 | 60.3 | 21.8 | 22.0 | 18.7 | 14.0 | 4.7 | -10.1 |
Net margin | 24.9% | 22.4% | 14.0% | 16.4% | 15.2% | 14.9% | 6.0% | -14.6% |
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Diluted EPS | $1.66 | $1.34 | $0.54 | $0.54 | $0.51 | $0.05 | $0.02 | ($0.38) |
Shares outstanding (diluted) | 48.2 | 45.0 | 40.4 | 38.4 | 36.7 | 36.0 | 35.4 | 33.4 |
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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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