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 | 873.3 | 816.1 | 804.5 | 756.4 | 658.3 | 467.3 | 398.5 | 473.7 |
| Revenue growth | 7.0% | 1.4% | 6.4% | 14.9% | 40.9% | 17.3% | -15.9% | 53.5% |
| Cost of goods sold | 331.3 | 285.1 | 280.0 | 259.8 | 246.4 | 175.5 | 152.1 | 155.1 |
| Gross profit | 542.0 | 530.9 | 524.5 | 496.6 | 411.9 | 291.8 | 246.4 | 318.6 |
| Gross margin | 62.1% | 65.1% | 65.2% | 65.7% | 62.6% | 62.4% | 61.8% | 67.3% |
| Selling, general and administrative | 29.6 | 28.9 | 36.2 | 28.2 | 24.6 | 25.6 | 22.8 | 21.6 |
| General and administrative | 9.0 | 9.0 | 12.2 | 10.0 | 8.3 | 6.2 | 6.1 | 7.2 |
| EBITA | 241.0 | 311.5 | 338.2 | 351.5 | 278.8 | 206.4 | 189.4 | 149.9 |
| EBITA margin | 27.6% | 38.2% | 42.0% | 46.5% | 42.3% | 44.2% | 47.5% | 31.6% |
| Amortization of intangibles | 15.9 | 13.5 | 13.5 | 11.8 | 11.0 | 7.7 | 5.9 | 4.9 |
| EBIT | 225.1 | 298.0 | 324.7 | 339.7 | 267.7 | 198.7 | 183.5 | 145.0 |
| EBIT margin | 25.8% | 36.5% | 40.4% | 44.9% | 40.7% | 42.5% | 46.0% | 30.6% |
| Pre-tax income | 356.7 | 393.8 | 384.7 | 366.7 | 316.4 | 216.9 | 190.1 | 140.2 |
| Income taxes | 50.1 | 61.3 | 64.9 | 64.3 | 50.4 | 62.0 | 46.6 | 32.9 |
| Tax rate | 14.1% | 15.6% | 16.9% | 17.5% | 15.9% | 28.6% | 24.5% | 23.5% |
| Net income | 256.4 | 271.1 | 254.9 | 237.8 | 215.7 | 92.9 | 96.8 | 74.1 |
| Net margin | 29.4% | 33.2% | 31.7% | 31.4% | 32.8% | 19.9% | 24.3% | 15.6% |
| |
| Diluted EPS | $2.06 | $2.46 | $2.31 | $2.41 | $2.32 | $1.33 | $1.56 | $1.31 |
| Shares outstanding (diluted) | 124.5 | 110.2 | 110.2 | 98.8 | 92.8 | 69.9 | 61.9 | 56.4 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|