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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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues | 325.2 | 192.7 | 147.6 | 162.1 | 166.5 | 140.4 | 105.5 | 79.7 |
Revenue growth | 68.7% | 30.6% | -8.9% | -2.7% | 18.6% | 33.1% | 32.3% | 42.8% |
Cost of goods sold | 162.3 | 121.1 | 112.2 | 144.9 | 173.9 | 102.4 | 74.4 | 61.2 |
Gross profit | 162.9 | 71.7 | 35.4 | 17.2 | -7.4 | 38.0 | 31.1 | 18.5 |
Gross margin | 50.1% | 37.2% | 24.0% | 10.6% | -4.4% | 27.1% | 29.5% | 23.2% |
Selling, general and administrative | 28.6 | 26.6 | 26.6 | 30.0 | 32.3 | 21.7 | 11.7 | 9.8 |
Other operating expenses | 2.8 | 2.8 | 1.9 | 2.9 | 3.0 | 1.1 | 0.5 | 0.5 |
EBITDA [+] | 137.5 | 48.5 | 13.0 | -8.7 | -35.5 | 18.5 | 21.2 | 10.3 |
EBITDA growth | 183.6% | 273.0% | -250.0% | -75.6% | -291.7% | -12.6% | 106.5% | -170983.3% |
EBITDA margin | 42.3% | 25.2% | 8.8% | -5.3% | -21.3% | 13.2% | 20.1% | 12.9% |
Depreciation | 3.2 | 3.4 | 3.2 | 4.2 | 4.2 | 2.3 | 1.7 | 1.6 |
EBITA | 134.3 | 45.1 | 9.8 | -12.9 | -39.6 | 16.2 | 19.4 | 8.7 |
EBITA margin | 41.3% | 23.4% | 6.6% | -7.9% | -23.8% | 11.6% | 18.4% | 10.9% |
Amortization of intangibles | 2.8 | 2.8 | 2.9 | 2.9 | 3.0 | 1.1 | 0.5 | 0.5 |
EBIT [+] | 131.5 | 42.3 | 6.9 | -15.8 | -42.6 | 15.1 | 18.9 | 8.2 |
EBIT growth | 210.9% | 512.8% | -143.7% | -63.0% | -381.6% | -20.1% | 131.6% | -930.6% |
EBIT margin | 40.4% | 21.9% | 4.7% | -9.7% | -25.6% | 10.8% | 18.0% | 10.3% |
Non-recurring items | | | 1.0 | | | | | |
Interest expense | 14.3 | 11.4 | 12.3 | 18.9 | 14.8 | 3.2 | 1.1 | 0.8 |
Interest expense | 14.3 | 11.4 | 12.3 | 18.9 | 14.8 | 3.2 | 1.1 | 0.8 |
Other income (expense), net [+] | | 2.5 | 1.0 | 9.4 | | 0.0 | -0.6 | 0.3 |
Other | -14.3 | -2.5 | -1.0 | -9.4 | | 0.0 | -0.6 | 0.3 |
Pre-tax income | 117.2 | 33.4 | -5.4 | -25.3 | -57.4 | 12.0 | 17.3 | 7.7 |
Income taxes | 13.4 | 1.1 | -0.2 | 0.7 | -1.7 | 0.8 | 6.6 | 2.9 |
Tax rate | 11.4% | 3.4% | 3.4% | | 3.0% | 7.1% | 38.4% | 38.2% |
Net income | 103.8 | 32.3 | -5.2 | -25.9 | -55.7 | 11.2 | 10.6 | 4.8 |
Net margin | 31.9% | 16.7% | -3.5% | -16.0% | -33.4% | 7.9% | 10.1% | 6.0% |
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Basic EPS [+] | $2.31 | $0.74 | ($0.12) | ($0.61) | ($1.31) | $0.27 | $0.31 | $0.15 |
Growth | 213.0% | -704.5% | -80.0% | -53.5% | -590.4% | -14.3% | 113.1% | -691.9% |
Diluted EPS [+] | $2.20 | $0.69 | ($0.12) | ($0.61) | ($1.31) | $0.26 | $0.30 | $0.14 |
Growth | 218.6% | -667.2% | -80.0% | -53.5% | -602.2% | -13.1% | 114.0% | -667.7% |
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Shares outstanding (basic) [+] | 45.0 | 43.8 | 42.7 | 42.6 | 42.5 | 41.8 | 34.1 | 32.5 |
Growth | 2.8% | 2.5% | 0.2% | 0.3% | 1.7% | 22.5% | 4.8% | 11.8% |
Shares outstanding (diluted) [+] | 47.1 | 46.6 | 42.7 | 42.6 | 42.5 | 42.8 | 35.4 | 33.9 |
Growth | 1.0% | 9.2% | 0.2% | 0.3% | -0.7% | 20.8% | 4.4% | 16.5% |
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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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