Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 930.1 | 956.3 | 927.5 | 891.7 | 826.4 | 634.2 | 577.3 | 599.2 |
Revenue growth | -2.7% | 3.1% | 4.0% | 7.9% | 30.3% | 9.9% | -3.6% | 1.1% |
Cost of goods sold | 475.5 | 508.1 | 488.7 | 476.1 | 459.1 | 365.0 | 347.8 | 364.6 |
Gross profit | 454.6 | 448.2 | 438.8 | 415.6 | 367.4 | 269.3 | 229.5 | 234.5 |
Gross margin | 48.9% | 46.9% | 47.3% | 46.6% | 44.5% | 42.5% | 39.8% | 39.1% |
Selling, general and administrative | 181.6 | 196.8 | 179.6 | 169.7 | 158.8 | 136.5 | 126.7 | 128.8 |
Research and development | 95.6 | 102.6 | 101.9 | 95.0 | 78.3 | 66.3 | 67.7 | 70.4 |
EBITA | 187.9 | 160.8 | 165.7 | 156.2 | 132.0 | 68.5 | 37.5 | 46.0 |
EBITA margin | 20.2% | 16.8% | 17.9% | 17.5% | 16.0% | 10.8% | 6.5% | 7.7% |
Amortization of intangibles | 10.4 | 12.0 | 8.4 | 5.2 | 1.8 | 2.0 | 2.4 | 10.6 |
EBIT | 177.5 | 148.8 | 157.3 | 150.9 | 130.3 | 66.5 | 35.1 | 35.4 |
EBIT margin | 19.1% | 15.6% | 17.0% | 16.9% | 15.8% | 10.5% | 6.1% | 5.9% |
Pre-tax income | 147.8 | 126.9 | 151.6 | 140.5 | 122.9 | 52.2 | 27.7 | 26.6 |
Income taxes | 23.8 | 21.9 | 24.9 | 25.6 | 19.2 | -1.3 | 5.0 | 8.6 |
Tax rate | 16.1% | 17.2% | 16.4% | 18.2% | 15.6% | | 18.1% | 32.4% |
Net income | 124.0 | 105.1 | 126.7 | 114.9 | 103.6 | 53.5 | 22.6 | 18.0 |
Net margin | 13.3% | 11.0% | 13.7% | 12.9% | 12.5% | 8.4% | 3.9% | 3.0% |
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Diluted EPS | $2.96 | $2.47 | $2.99 | $2.75 | $2.46 | $1.28 | $0.60 | $0.48 |
Shares outstanding (diluted) | 41.8 | 42.5 | 42.4 | 41.7 | 42.0 | 41.7 | 37.9 | 37.2 |
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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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