Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information

v2.4.0.6
Segment and Geographical Information
3 Months Ended
Dec. 31, 2011
Segment and Geographical Information  
Segment and Geographical Information

15.         Segment and Geographical Information

 

While we report financial results in accordance with accounting principles generally accepted in the U.S. (GAAP), we also provide Earnings Before Interest, Income Tax, Depreciation, and Amortization (EBITDA).

 

 

 

Three Months Ended
December 31,

 

 

 

2011

 

2010

 

Net revenue

 

 

 

 

 

Batesville

 

$

145.9

 

$

159.9

 

Process Equipment Group

 

85.7

 

51.1

 

Total

 

$

231.6

 

$

211.0

 

 

 

 

 

 

 

Gross profit

 

 

 

 

 

Batesville

 

$

57.8

 

$

68.4

 

Process Equipment Group

 

35.9

 

22.8

 

Total

 

$

93.7

 

$

91.2

 

 

 

 

 

 

 

Operating profit (loss)

 

 

 

 

 

Batesville

 

$

34.3

 

$

42.6

 

Process Equipment Group

 

8.1

 

6.9

 

Corporate

 

(9.0

)

(7.4

)

Total

 

$

33.4

 

$

42.1

 

 

 

 

 

 

 

EBITDA

 

 

 

 

 

Batesville

 

$

37.8

 

$

46.5

 

Process Equipment Group

 

16.0

 

10.5

 

Corporate

 

(8.9

)

(6.5

)

Total

 

$

44.9

 

$

50.5

 

 

 

 

 

 

 

Net revenue (1)

 

 

 

 

 

United States

 

$

199.3

 

$

178.7

 

Canada

 

11.2

 

11.3

 

Switzerland

 

17.8

 

18.3

 

All other foreign business units

 

3.3

 

2.7

 

Total

 

$

231.6

 

$

211.0

 

 

(1)          Revenue is attributed to a geography based upon the location of the business unit that consummated the external sale.

 

 

 

December 31,
2011

 

September 30,
2011

 

Total assets

 

 

 

 

 

Batesville

 

$

240.3

 

$

246.5

 

Process Equipment Group

 

833.2

 

847.8

 

Corporate

 

92.1

 

86.4

 

Total

 

$

1,165.6

 

$

1,180.7

 

 

 

 

 

 

 

Tangible long-lived assets

 

 

 

 

 

United States

 

$

105.5

 

$

106.8

 

Switzerland

 

10.8

 

11.0

 

All other foreign business units

 

2.9

 

2.8

 

Total

 

$

119.2

 

$

120.6

 

 

The following schedule reconciles consolidated EBITDA to consolidated net income.

 

 

 

Three Months Ended
December 31,

 

 

 

2011

 

2010

 

GAAP net income

 

$

31.3

 

$

27.1

 

Interest income

 

(0.2

)

(3.3

)

Interest expense

 

2.9

 

2.8

 

Income tax expense

 

(1.3

)

15.2

 

Depreciation and amortization

 

12.2

 

8.7

 

EBITDA

 

$

44.9

 

$

50.5