Financial Summary (All financials)
In millions, except per share items | Mar-31-23 | Mar-31-22 | Mar-31-21 | Mar-31-20 | Mar-31-19 | Mar-31-18 | Mar-31-17 | Mar-31-16 |
Revenues | 547.5 | 285.2 | 126.1 | 142.1 | 187.2 | 121.2 | 77.8 | 81.6 |
Revenue growth | 92.0% | 126.2% | -11.3% | -24.1% | 54.5% | 55.8% | -4.7% | -24.6% |
Cost of goods sold | 504.5 | 244.2 | 0.0 | 139.5 | 174.2 | 111.2 | 77.9 | 76.9 |
Gross profit | 43.1 | 41.0 | 126.1 | 2.6 | 12.9 | 9.9 | -0.2 | 4.7 |
Gross margin | 7.9% | 14.4% | 100.0% | 1.8% | 6.9% | 8.2% | -0.2% | 5.7% |
Selling, general and administrative | 22.0 | 12.5 | 0.0 | 5.1 | 4.8 | 4.2 | 4.0 | 4.7 |
EBIT | 21.1 | 28.5 | 15.8 | -2.5 | 8.1 | 5.7 | -4.2 | 0.0 |
EBIT margin | 3.8% | 10.0% | 12.5% | -1.8% | 4.3% | 4.7% | -5.4% | 0.0% |
Pre-tax income | 28.2 | 18.3 | 15.2 | -6.8 | 6.8 | 5.8 | -4.2 | 0.4 |
Income taxes | 6.8 | 4.3 | 3.8 | -1.6 | 1.7 | 1.8 | -1.5 | 0.1 |
Tax rate | 24.3% | 23.3% | 24.9% | 23.2% | 25.3% | 31.8% | 35.5% | 26.3% |
Net income | 21.3 | 14.1 | 11.4 | -5.2 | 5.1 | 3.9 | -2.7 | 0.3 |
Net margin | 3.9% | 4.9% | 9.1% | -3.7% | 2.7% | 3.2% | -3.4% | 0.4% |
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Diluted EPS | $2.96 | $2.12 | $1.70 | ($0.75) | $0.73 | $0.56 | ($0.39) | $0.04 |
Shares outstanding (diluted) | 7.2 | 6.6 | 6.7 | 7.0 | 7.0 | 7.0 | 6.9 | 6.8 |
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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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