Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 258.1 | 276.4 | 252.4 | 221.0 | 191.3 | 150.6 | 274.4 | 320.5 |
Revenue growth | -6.6% | 9.5% | 14.2% | 15.5% | 27.1% | -45.1% | -14.4% | 8.7% |
Cost of goods sold | 100.5 | 112.9 | 109.8 | 90.0 | 77.5 | 68.6 | 112.5 | 135.2 |
Gross profit | 157.6 | 163.5 | 142.5 | 131.0 | 113.9 | 82.0 | 161.9 | 185.3 |
Gross margin | 61.1% | 59.1% | 56.5% | 59.3% | 59.5% | 54.5% | 59.0% | 57.8% |
Selling, general and administrative | 63.7 | 64.7 | 57.4 | 55.3 | 46.7 | 55.0 | 71.7 | 70.3 |
Research and development | 72.0 | 77.0 | 77.4 | 66.5 | 55.3 | 68.2 | | |
EBITA | 24.2 | 23.4 | 9.6 | 9.4 | 11.6 | -42.4 | -1.7 | 31.7 |
EBITA margin | 9.4% | 8.4% | 3.8% | 4.2% | 6.0% | -28.2% | -0.6% | 9.9% |
Amortization of intangibles | 4.2 | 2.9 | 1.3 | 1.6 | 0.1 | 4.5 | 6.3 | 3.5 |
EBIT | 20.0 | 20.4 | 8.3 | 7.8 | 11.4 | -46.9 | -8.1 | 28.2 |
EBIT margin | 7.8% | 7.4% | 3.3% | 3.5% | 6.0% | -31.1% | -2.9% | 8.8% |
Pre-tax income | 21.2 | 18.9 | 0.6 | -2.1 | 11.8 | -114.3 | -1.8 | 39.6 |
Income taxes | -21.0 | 7.0 | 10.0 | 8.6 | 3.6 | 14.8 | -11.9 | 20.6 |
Tax rate | | 36.7% | 1691.4% | | 30.6% | | 656.0% | 52.0% |
Net income | 42.1 | 11.5 | -11.2 | -11.6 | 8.2 | -129.1 | 10.1 | 19.0 |
Net margin | 16.3% | 4.2% | -4.4% | -5.3% | 4.3% | -85.7% | 3.7% | 5.9% |
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Diluted EPS | $0.53 | $0.15 | ($0.14) | ($0.14) | $0.10 | ($1.72) | $0.13 | $0.22 |
Shares outstanding (diluted) | 79.6 | 79.1 | 81.9 | 80.6 | 78.3 | 74.9 | 76.6 | 87.4 |
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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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