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 | 204.7 | 195.5 | 178.2 | 152.1 | 142.0 | 171.6 | 189.1 | 129.8 |
Revenue growth | 4.7% | 9.7% | 17.2% | 7.1% | -17.2% | -9.2% | 45.6% | |
Cost of goods sold | 88.8 | 85.6 | 78.3 | 72.2 | 70.6 | 67.0 | 67.4 | 55.8 |
Gross profit | 115.8 | 110.0 | 99.9 | 79.9 | 71.4 | 104.6 | 121.6 | 74.0 |
Gross margin | 56.6% | 56.2% | 56.1% | 52.6% | 50.3% | 61.0% | 64.3% | 57.0% |
Sales and marketing | 4.9 | 4.7 | 4.4 | 3.8 | 2.8 | 5.2 | 2.8 | 3.2 |
General and administrative | 4.4 | 4.6 | 5.3 | 4.4 | 4.0 | 5.1 | 5.4 | 4.4 |
EBITA | 805.9 | 102.3 | 92.4 | 73.6 | 66.5 | 96.2 | 116.8 | 32.5 |
EBITA margin | 393.8% | 52.3% | 51.8% | 48.4% | 46.8% | 56.1% | 61.8% | 25.1% |
Amortization of intangibles | 696.0 | 1.6 | 2.2 | 1.9 | 1.9 | 1.9 | 3.4 | |
EBIT | 109.9 | 100.7 | 90.2 | 71.7 | 64.6 | 94.3 | 113.4 | 32.5 |
EBIT margin | 53.7% | 51.5% | 50.6% | 47.1% | 45.5% | 55.0% | 60.0% | 25.1% |
Pre-tax income | 63.4 | 56.7 | 39.1 | 33.6 | 23.8 | 15.2 | 15.9 | 9.1 |
Income taxes | 16.2 | 32.8 | 13.6 | 10.7 | 5.7 | 2.6 | 1.8 | -1.9 |
Tax rate | 25.5% | 57.8% | 34.9% | 31.9% | 24.1% | 17.1% | 11.0% | |
Net income | 47.8 | 23.9 | 25.5 | 22.9 | 18.0 | 12.6 | 14.2 | 11.0 |
Net margin | 23.4% | 12.2% | 14.3% | 15.1% | 12.7% | 7.3% | 7.5% | 8.5% |
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Diluted EPS | $0.67 | $0.34 | $0.35 | $0.29 | $0.22 | $0.15 | $0.18 | $0.14 |
Shares outstanding (diluted) | 71.5 | 71.3 | 72.6 | 79.3 | 81.4 | 83.7 | 76.8 | 77.2 |
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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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