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 | 614.5 | 583.4 | 560.4 | 523.0 | 448.0 | 433.6 | 411.4 | 408.6 |
Revenue growth | 5.3% | 4.1% | 7.2% | 16.7% | 3.3% | 5.4% | 0.7% | 6.8% |
Cost of goods sold | 150.4 | 142.7 | 145.1 | 142.9 | 124.8 | 65.0 | 101.1 | 116.7 |
Gross profit | 464.1 | 440.7 | 415.3 | 380.1 | 323.2 | 368.7 | 310.3 | 291.9 |
Gross margin | 75.5% | 75.5% | 74.1% | 72.7% | 72.1% | 85.0% | 75.4% | 71.4% |
Selling, general and administrative | 100.5 | 90.1 | 93.2 | 97.8 | 84.4 | 82.6 | 81.4 | 78.6 |
Research and development | 11.9 | 12.0 | 14.3 | 22.4 | 15.2 | 16.1 | 16.1 | 17.6 |
EBITA | 47.9 | 37.0 | 11.7 | 43.3 | 117.1 | 177.2 | 161.6 | 132.9 |
EBITA margin | 7.8% | 6.3% | 2.1% | 8.3% | 26.1% | 40.9% | 39.3% | 32.5% |
Amortization of intangibles | 1.6 | 1.5 | 1.6 | 1.6 | 1.6 | 0.8 | 0.8 | 10.0 |
EBIT | 46.3 | 35.5 | 10.1 | 41.7 | 115.5 | 176.4 | 160.8 | 122.9 |
EBIT margin | 7.5% | 6.1% | 1.8% | 8.0% | 25.8% | 40.7% | 39.1% | 30.1% |
Pre-tax income | -28.9 | -89.0 | -218.1 | -20.6 | 119.6 | 178.2 | 73.1 | 116.5 |
Income taxes | -19.6 | -32.9 | -56.1 | -7.3 | -114.3 | 67.1 | 66.0 | 41.5 |
Tax rate | 67.7% | 37.0% | 25.7% | 35.2% | | 37.7% | 90.3% | 35.6% |
Net income | -9.3 | -56.1 | -166.2 | -23.5 | 218.4 | 95.6 | -8.3 | 62.7 |
Net margin | -1.5% | -9.6% | -29.7% | -4.5% | 48.7% | 22.0% | -2.0% | 15.3% |
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Diluted EPS | ($0.07) | ($0.42) | ($1.33) | ($0.22) | $1.70 | $0.77 | ($0.09) | $0.57 |
Shares outstanding (diluted) | 133.5 | 133.5 | 125.2 | 109.0 | 128.1 | 124.9 | 95.1 | 109.4 |
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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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