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-05-18 | Dec-31-17 | Dec-31-16 |
Revenues | 782.4 | 626.7 | 395.5 | 362.7 | 376.1 | 376.1 | 347.4 | 318.3 |
Revenue growth | 24.8% | 58.5% | 9.0% | -3.5% | 8.2% | | 9.2% | -2.9% |
Cost of goods sold | 529.1 | 427.8 | 296.7 | 286.2 | 292.5 | 292.5 | 271.4 | 253.0 |
Gross profit | 253.3 | 199.0 | 98.8 | 76.5 | 83.6 | 83.6 | 76.0 | 65.3 |
Gross margin | 32.4% | 31.7% | 25.0% | 21.1% | 22.2% | 22.2% | 21.9% | 20.5% |
Selling, general and administrative | 104.3 | 88.9 | 44.6 | 29.3 | 33.5 | 33.5 | 33.1 | 26.7 |
Sales and marketing | 29.7 | 16.1 | 2.7 | 2.8 | | | | |
EBIT | 149.0 | 126.4 | 54.2 | 47.2 | 50.1 | 50.1 | 42.6 | 46.0 |
EBIT margin | 19.0% | 20.2% | 13.7% | 13.0% | 13.3% | 13.3% | 12.2% | 14.5% |
Pre-tax income | 140.2 | 121.1 | 52.6 | 45.9 | 49.0 | 49.0 | 52.8 | 44.7 |
Income taxes | 31.3 | 30.3 | 12.3 | 7.1 | 11.7 | 11.7 | 10.9 | 13.5 |
Tax rate | 22.3% | 25.0% | 23.3% | 15.6% | 23.9% | 23.9% | 20.7% | 30.3% |
Net income | 108.6 | 90.6 | 40.1 | 38.5 | 36.6 | 37.3 | 40.8 | 30.2 |
Net margin | 13.9% | 14.5% | 10.1% | 10.6% | 9.7% | 9.9% | 11.8% | 9.5% |
|
Diluted EPS | $4.92 | $4.37 | $2.37 | $2.27 | $2.17 | $0.00 | $2.44 | $1.82 |
Shares outstanding (diluted) | 22.1 | 20.7 | 16.9 | 17.0 | 16.9 | 16,866.2 | 16.7 | 16.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|