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Segment and Geographical Information
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Three Months Ended June 30, |
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Nine Months Ended June 30, |
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2019 |
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2018 |
|
2019 |
|
2018 |
Net revenue |
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Process Equipment Group |
$ |
315.3 |
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|
$ |
316.7 |
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|
$ |
924.2 |
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$ |
880.8 |
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Batesville |
131.3 |
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|
129.3 |
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|
397.3 |
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|
414.6 |
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Total |
$ |
446.6 |
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$ |
446.0 |
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$ |
1,321.5 |
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$ |
1,295.4 |
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Adjusted EBITDA |
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Process Equipment Group |
$ |
54.9 |
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$ |
58.2 |
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$ |
156.6 |
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$ |
153.7 |
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Batesville |
25.3 |
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25.6 |
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83.6 |
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92.1 |
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Corporate |
(10.7 |
) |
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(12.4 |
) |
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(31.7 |
) |
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(32.9 |
) |
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Net revenue (1)
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United States |
$ |
222.1 |
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$ |
226.7 |
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$ |
669.3 |
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$ |
691.7 |
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Germany |
145.4 |
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|
130.7 |
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|
398.3 |
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|
370.9 |
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All other foreign business units |
79.1 |
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|
88.6 |
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|
253.9 |
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|
232.8 |
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Total |
$ |
446.6 |
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$ |
446.0 |
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$ |
1,321.5 |
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$ |
1,295.4 |
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(1) We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
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June 30,
2019 |
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September 30,
2018 |
Total assets assigned |
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Process Equipment Group |
$ |
1,682.7 |
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$ |
1,638.8 |
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Batesville |
175.9 |
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|
191.8 |
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Corporate |
32.0 |
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|
34.0 |
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Total |
$ |
1,890.6 |
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$ |
1,864.6 |
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Tangible long-lived assets, net |
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United States |
$ |
73.5 |
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$ |
76.6 |
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Germany |
38.6 |
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|
40.7 |
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All other foreign business units |
24.5 |
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|
24.7 |
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Total |
$ |
136.6 |
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$ |
142.0 |
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The following schedule reconciles segment adjusted EBITDA to consolidated net income (loss).
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Three Months Ended
June 30, |
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Nine Months Ended
June 30, |
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2019 |
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2018 |
|
2019 |
|
2018 |
Adjusted EBITDA: |
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Process Equipment Group |
$ |
54.9 |
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$ |
58.2 |
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$ |
156.6 |
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$ |
153.7 |
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Batesville |
25.3 |
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|
25.6 |
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|
83.6 |
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|
92.1 |
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Corporate |
(10.7 |
) |
|
(12.4 |
) |
|
(31.7 |
) |
|
(32.9 |
) |
Less: |
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Interest income |
(0.3 |
) |
|
(0.3 |
) |
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(0.7 |
) |
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(1.1 |
) |
Interest expense |
5.2 |
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|
5.5 |
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16.1 |
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17.8 |
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Income tax expense |
11.6 |
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15.2 |
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|
39.9 |
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52.5 |
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Depreciation and amortization |
15.1 |
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14.2 |
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44.3 |
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|
42.0 |
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Impairment charge |
— |
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— |
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— |
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|
63.4 |
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Business acquisition, development, and integration |
3.8 |
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0.1 |
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4.9 |
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2.6 |
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Restructuring and restructuring related |
2.4 |
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0.5 |
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3.6 |
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1.7 |
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Inventory step-up |
— |
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— |
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0.2 |
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— |
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Consolidated net income |
$ |
31.7 |
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$ |
36.2 |
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$ |
100.2 |
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$ |
34.0 |
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