Financial Summary (All financials)
In millions, except per share items | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 |
Revenues | 1,639.6 | 1,456.2 | 946.7 | 726.0 | 539.8 | 291.4 | 143.8 | 73.4 |
Revenue growth | 12.6% | 53.8% | 30.4% | 34.5% | 85.3% | 102.6% | 95.9% | 71.5% |
Cost of goods sold | 1,486.2 | 1,304.9 | 836.0 | 639.6 | 471.3 | 253.9 | 123.2 | 61.2 |
Gross profit | 153.4 | 151.3 | 110.7 | 86.5 | 68.6 | 37.5 | 20.6 | 12.2 |
Gross margin | 9.4% | 10.4% | 11.7% | 11.9% | 12.7% | 12.9% | 14.3% | 16.6% |
Sales and marketing | 37.6 | 33.6 | 20.7 | 14.7 | 9.9 | 5.0 | 3.5 | |
Research and development | 0.6 | 0.5 | -2.5 | 0.1 | 0.7 | 0.2 | -0.1 | |
General and administrative | 38.8 | 29.2 | 24.1 | 18.8 | 18.0 | 10.3 | 5.1 | 2.4 |
EBITA | 78.5 | 89.9 | 66.7 | 55.2 | 40.6 | 22.3 | 3.7 | 7.5 |
EBITA margin | 4.8% | 6.2% | 7.0% | 7.6% | 7.5% | 7.7% | 2.5% | 10.2% |
Amortization of intangibles | 2.4 | 1.9 | 1.4 | 1.0 | 0.6 | 0.4 | 0.1 | 0.0 |
EBIT | 76.1 | 88.0 | 65.3 | 54.2 | 40.0 | 21.9 | 3.5 | 7.5 |
EBIT margin | 4.6% | 6.0% | 6.9% | 7.5% | 7.4% | 7.5% | 2.5% | 10.2% |
Pre-tax income | 49.8 | 69.0 | 62.5 | 49.4 | 33.8 | 20.0 | 4.7 | 6.3 |
Income taxes | 5.7 | 4.8 | 4.2 | 3.8 | 2.5 | 1.4 | 0.6 | 0.4 |
Tax rate | 11.4% | 7.0% | 6.8% | 7.7% | 7.3% | 7.2% | 12.1% | 5.6% |
Earnings from continuing ops | 44.2 | 64.2 | 58.3 | 45.6 | 31.4 | 18.5 | 4.1 | 6.0 |
Earnings from discontinued ops | | | | | | | 0.0 | 0.0 |
Net income | 44.2 | 64.2 | 58.3 | 45.6 | 31.4 | 18.5 | 4.1 | 6.0 |
Net margin | 2.7% | 4.4% | 6.2% | 6.3% | 5.8% | 6.4% | 2.9% | 8.2% |
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Diluted EPS | $1.18 | $1.67 | $1.65 | $1.46 | $1.05 | $0.80 | $0.20 | $0.51 |
Shares outstanding (diluted) | 37.3 | 38.5 | 35.3 | 31.2 | 29.8 | 23.1 | 20.3 | 11.8 |
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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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