Financial Summary (All financials)
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 |
Revenues | 624.5 | 597.8 | 591.1 | 601.3 | 510.8 | 432.7 | 396.4 | 398.0 |
Revenue growth | 4.5% | 1.1% | -1.7% | 17.7% | 18.0% | 9.1% | -0.4% | |
Cost of goods sold | 157.5 | 96.4 | 99.0 | 90.2 | 97.1 | 93.3 | -89.5 | 95.2 |
Gross profit | 466.9 | 501.4 | 492.1 | 511.1 | 413.7 | 339.3 | 486.0 | 302.7 |
Gross margin | 74.8% | 83.9% | 83.3% | 85.0% | 81.0% | 78.4% | 122.6% | 76.1% |
General and administrative | 25.5 | 41.0 | 26.9 | 22.5 | 28.5 | 18.1 | 19.2 | 25.1 |
EBITA | 361.2 | 374.0 | 358.2 | 383.9 | 266.8 | 217.9 | 263.4 | 278.4 |
EBITA margin | 57.8% | 62.6% | 60.6% | 63.8% | 52.2% | 50.4% | 66.4% | 70.0% |
Amortization of intangibles | 8.4 | 8.9 | 8.9 | 8.9 | 8.9 | 8.9 | 8.9 | 8.9 |
EBIT | 352.8 | 365.1 | 349.3 | 375.0 | 257.9 | 209.0 | 254.5 | 269.5 |
EBIT margin | 56.5% | 61.1% | 59.1% | 62.4% | 50.5% | 48.3% | 64.2% | 67.7% |
Pre-tax income | 249.7 | 262.4 | 100.8 | 172.1 | 30.1 | 49.7 | 158.9 | 220.2 |
Income taxes | 8.2 | 6.9 | 3.5 | 7.5 | 3.2 | 0.8 | 1.0 | 2.7 |
Tax rate | 3.3% | 2.6% | 3.5% | 4.3% | 10.7% | 1.7% | 0.6% | 1.2% |
Net income | 197.7 | 213.1 | 60.6 | 124.5 | 2.6 | 19.6 | 135.0 | 174.6 |
Net margin | 31.7% | 35.7% | 10.3% | 20.7% | 0.5% | 4.5% | 34.0% | 43.9% |
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Diluted EPS | | $2.44 | $0.73 | $1.59 | $0.03 | $0.25 | $1.69 | $2.21 |
Shares outstanding (diluted) | | 87.2 | 83.4 | 78.3 | 79.8 | 79.8 | 79.7 | 79.0 |
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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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