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 | 122.5 | 78.0 | 59.4 | 59.5 | 58.0 | 51.6 | 53.0 | 48.9 |
Revenue growth | 57.0% | 31.2% | 0.0% | 2.5% | 12.4% | -2.7% | 8.6% | 2.9% |
Cost of goods sold | 0.0 | 0.0 | 17.9 | 18.2 | 19.2 | 17.4 | 0.0 | 0.0 |
Gross profit | 122.5 | 78.0 | 41.6 | 41.3 | 38.8 | 34.2 | 53.0 | 48.9 |
Gross margin | 100.0% | 100.0% | 70.0% | 69.4% | 67.0% | 66.2% | 100.0% | 100.0% |
Selling, general and administrative | 63.8 | 40.5 | 14.4 | 12.7 | 10.6 | 10.6 | 30.4 | 30.4 |
General and administrative | 55.6 | 35.2 | 13.2 | 11.6 | 9.6 | 6.1 | 5.4 | 5.6 |
EBITA | 58.6 | 37.5 | 27.1 | 28.6 | 34.7 | 18.5 | 22.6 | 18.4 |
EBITA margin | 47.9% | 48.1% | 45.7% | 48.0% | 59.9% | 35.8% | 42.7% | 37.7% |
Amortization of intangibles | 2.0 | 0.7 | 0.5 | 0.6 | 0.9 | 0.2 | 0.1 | 0.1 |
EBIT | 56.6 | 36.8 | 26.6 | 28.0 | 33.9 | 18.2 | 22.5 | 18.3 |
EBIT margin | 46.3% | 47.2% | 44.8% | 47.0% | 58.4% | 35.3% | 42.4% | 37.5% |
Pre-tax income | 42.1 | 21.2 | 21.0 | 21.9 | 21.1 | 18.0 | 15.9 | 11.5 |
Income taxes | 11.0 | 5.8 | 5.3 | 5.6 | 5.4 | 8.7 | 6.3 | 4.4 |
Tax rate | 26.0% | 27.4% | 25.3% | 25.6% | 25.4% | 48.6% | 39.4% | 38.3% |
Earnings from continuing ops | 31.2 | 15.4 | 15.7 | 16.4 | 6.5 | 7.2 | 9.6 | 7.1 |
Earnings from discontinued ops | | | 0.0 | -0.1 | 9.2 | 2.0 | | |
Net income | 31.2 | 15.4 | 15.7 | 16.3 | 15.8 | 9.2 | 9.6 | 7.1 |
Net margin | 25.5% | 19.7% | 26.5% | 27.4% | 27.2% | 17.9% | 18.2% | 14.5% |
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Diluted EPS | $1.57 | $1.17 | $1.27 | $1.29 | $0.51 | $0.57 | $0.76 | $0.56 |
Shares outstanding (diluted) | 19.8 | 13.1 | 12.4 | 12.7 | 12.8 | 12.7 | 12.7 | 12.7 |
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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. |