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 | 170.3 | 159.7 | 147.4 | 132.2 | 118.6 | 111.8 | 98.2 | 90.0 |
Revenue growth | 6.6% | 8.3% | 11.5% | 11.5% | 6.1% | 13.8% | 9.2% | 6.8% |
Cost of goods sold | 81.4 | 76.3 | 70.1 | 64.5 | 60.0 | 56.6 | 51.2 | 47.6 |
Gross profit | 88.8 | 83.4 | 77.3 | 67.7 | 58.6 | 55.2 | 47.0 | 42.4 |
Gross margin | 52.2% | 52.2% | 52.4% | 51.2% | 49.4% | 49.4% | 47.8% | 47.1% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 2.8 | 2.4 | 2.2 | 3.0 | 3.2 | 2.6 | 2.8 | 2.7 |
Research and development | 10.7 | 10.6 | 9.2 | 7.6 | 6.4 | 6.4 | | |
General and administrative | 3.9 | 3.2 | 3.2 | 3.0 | 2.7 | 2.6 | 2.7 | 2.6 |
EBIT | 58.2 | 56.5 | 41.6 | 44.6 | 46.3 | 43.6 | 41.5 | 37.0 |
EBIT margin | 34.2% | 35.4% | 28.2% | 33.7% | 39.1% | 39.0% | 42.2% | 41.2% |
Pre-tax income | 56.1 | 55.8 | 41.6 | 44.6 | 37.7 | 35.6 | 27.9 | 24.3 |
Income taxes | 13.4 | 13.6 | 10.2 | 10.4 | 8.8 | 16.2 | 9.2 | 8.1 |
Tax rate | 23.9% | 24.4% | 24.4% | 23.3% | 23.4% | 45.6% | 32.8% | 33.4% |
Net income | 42.7 | 42.2 | 31.5 | 34.2 | 28.9 | 19.4 | 18.8 | 16.1 |
Net margin | 25.1% | 26.4% | 21.3% | 25.9% | 24.4% | 17.4% | 19.1% | 17.9% |
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Diluted EPS | $3.52 | $3.50 | $2.64 | $2.89 | $2.46 | $1.66 | $1.70 | $1.55 |
Shares outstanding (diluted) | 12.1 | 12.1 | 11.9 | 11.8 | 11.8 | 11.7 | 11.0 | 10.4 |
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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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