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 | 282.9 | 265.9 | 261.9 | 224.4 | 185.2 | 175.0 | 155.0 | 102.0 |
Revenue growth | 6.4% | 1.5% | 16.7% | 21.1% | 5.8% | 12.9% | 52.0% | -6.7% |
Cost of goods sold | 168.5 | 156.1 | 148.5 | 120.1 | 100.0 | 92.7 | 78.9 | 55.1 |
Gross profit | 114.4 | 109.8 | 113.4 | 104.3 | 85.3 | 82.4 | 76.1 | 46.9 |
Gross margin | 40.4% | 41.3% | 43.3% | 46.5% | 46.0% | 47.1% | 49.1% | 46.0% |
Selling, general and administrative | 20.7 | 21.9 | 18.9 | 15.3 | 6.5 | 5.5 | 4.2 | 3.2 |
Research and development | 5.4 | 5.5 | 4.9 | 4.3 | | | | |
General and administrative | 17.6 | 18.3 | 15.2 | 12.1 | | | | |
EBIT | 55.1 | 52.5 | 60.5 | 61.3 | 46.4 | 76.9 | 71.9 | 43.7 |
EBIT margin | 19.5% | 19.7% | 23.1% | 27.3% | 25.0% | 43.9% | 46.4% | 42.8% |
Pre-tax income | 57.6 | 55.1 | 60.9 | 61.4 | 46.5 | 42.7 | 39.6 | 16.5 |
Income taxes | 13.8 | 15.3 | 22.1 | 22.3 | 16.4 | 15.1 | 14.3 | 5.1 |
Tax rate | 23.9% | 27.7% | 36.4% | 36.3% | 35.4% | 35.3% | 36.1% | 31.1% |
Net income | 43.8 | 39.8 | 38.8 | 39.1 | 30.0 | 25.2 | 22.0 | 8.1 |
Net margin | 15.5% | 15.0% | 14.8% | 17.4% | 16.2% | 14.4% | 14.2% | 7.9% |
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Diluted EPS | $1.61 | $1.49 | $1.50 | $1.64 | $1.28 | $1.21 | $1.32 | $0.54 |
Shares outstanding (diluted) | 27.3 | 26.7 | 25.8 | 23.9 | 23.5 | 20.7 | 16.8 | 15.0 |
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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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