Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information

 v2.3.0.11
Segment and Geographical Information
9 Months Ended
Jun. 30, 2011
Segment and Geographical Information  
Segment and Geographical Information

17.   Segment and Geographical Information

 

 

 

Three Months Ended
June 30,

 

Nine Months Ended
June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Net revenue:

 

 

 

 

 

 

 

 

 

Batesville

 

$

150.6

 

$

154.9

 

$

482.7

 

$

486.3

 

K-Tron

 

60.6

 

50.9

 

169.5

 

50.9

 

Total net revenue

 

$

211.2

 

$

205.8

 

$

652.2

 

$

537.2

 

 

 

 

 

 

 

 

 

 

 

Gross profit:

 

 

 

 

 

 

 

 

 

Batesville

 

$

59.3

 

$

64.9

 

$

203.0

 

$

213.9

 

K-Tron

 

26.8

 

10.7

 

76.2

 

10.7

 

Total gross profit

 

$

86.1

 

$

75.6

 

$

279.2

 

$

224.6

 

 

 

 

 

 

 

 

 

 

 

Operating profit (loss):

 

 

 

 

 

 

 

 

 

Batesville(1)

 

$

33.5

 

$

38.3

 

$

125.2

 

$

139.7

 

K-Tron(2)

 

9.2

 

(6.4

)

24.6

 

(6.4

)

Corporate(3)

 

(7.8

)

(12.1

)

(25.0

)

(30.2

)

Total operating profit

 

$

34.9

 

$

19.8

 

$

124.8

 

$

103.1

 

 

 

 

 

 

 

 

 

 

 

EBITDA:

 

 

 

 

 

 

 

 

 

Batesville(1)

 

$

37.6

 

$

42.4

 

$

137.1

 

$

152.1

 

K-Tron(5)

 

12.6

 

(1.1

)

35.8

 

(1.1

)

Corporate(3)

 

(6.7

)

(10.4

)

(20.0

)

(26.4

)

Total EBITDA

 

$

43.5

 

$

30.9

 

$

152.9

 

$

124.6

 

 

 

 

 

 

 

 

 

 

 

Net revenue(4):

 

 

 

 

 

 

 

 

 

United States

 

$

172.4

 

$

176.7

 

$

546.3

 

$

484.5

 

Canada

 

13.9

 

10.9

 

38.3

 

30.9

 

Switzerland

 

19.4

 

15.4

 

53.4

 

15.4

 

All other foreign business units

 

5.5

 

2.8

 

14.2

 

6.4

 

Total consolidated net revenue

 

$

211.2

 

$

205.8

 

$

652.2

 

$

537.2

 

 

(1)   Includes antitrust litigation expense of $0.7 and $1.4 for the three months ended June 30, 2011 and 2010, and restructuring costs of $0.7 for both the three and nine months ended June 30, 2011. Includes sales tax recoveries of $0.7 and $4.1 and antitrust litigation expense of $1.3 and $1.9 for the nine months ended June 30, 2011 and 2010.

(2)   Includes $1.7 of backlog step-up amortization expense for the three months ended June 30, 2010, and $0.1 for business acquisition costs for both the three months ended June 30, 2011 and 2010. Includes $1.7 of backlog step-up amortization expense for the nine months ended June 30, 2010, and $0.2 and $0.1 for business acquisition costs for the nine months ended June 30, 2011 and 2010.

(3)   Includes $0.3 and $6.1 for business acquisition costs for the three months ended June 30, 2011 and 2010.  Includes $1.5 and $9.9 for business acquisition costs for the nine months ended June 30, 2011 and 2010.

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

(5)   Includes $0.1 for business acquisition costs for both the three months ended June 30, 2011 and 2010. Includes $0.2 and $0.1 for business acquisition costs for the nine months ended June 30, 2011 and 2010.

 

 

 

June 30,
2011

 

September 30,
2010

 

Total assets assigned:

 

 

 

 

 

Batesville

 

$

275.4

 

$

249.0

 

K-Tron

 

529.1

 

558.1

 

Corporate

 

205.7

 

241.8

 

Total consolidated assets

 

$

1,010.2

 

$

1,048.9

 

 

 

 

 

 

 

Total goodwill assigned:

 

 

 

 

 

Batesville

 

$

5.7

 

$

5.7

 

K-Tron(1)

 

198.6

 

185.9

 

Total consolidated goodwill

 

$

204.3

 

$

191.6

 

 

 

 

 

 

 

Property, net, by physical location:

 

 

 

 

 

United States

 

$

93.4

 

$

96.2

 

Switzerland

 

11.9

 

10.6

 

All other foreign business units

 

3.1

 

2.8

 

Total property, net

 

$

108.4

 

$

109.6

 

 

(1)   The change in K-Tron’s goodwill is due to foreign currency translation.