Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information

v3.19.2
Segment and Geographical Information
9 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment and Geographical Information
Segment and Geographical Information
 
 
Three Months Ended June 30,
 
Nine Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Net revenue
 

 
 

 
 
 
 
Process Equipment Group
$
315.3

 
$
316.7

 
$
924.2

 
$
880.8

Batesville
131.3

 
129.3

 
397.3

 
414.6

Total
$
446.6

 
$
446.0

 
$
1,321.5

 
$
1,295.4

 
 
 
 
 
 
 
 
Adjusted EBITDA
 

 
 

 
 
 
 
Process Equipment Group
$
54.9

 
$
58.2

 
$
156.6

 
$
153.7

Batesville
25.3

 
25.6

 
83.6

 
92.1

Corporate
(10.7
)
 
(12.4
)
 
(31.7
)
 
(32.9
)
 
 
 
 
 
 
 
 
Net revenue (1)
 

 
 

 
 
 
 
United States
$
222.1

 
$
226.7

 
$
669.3

 
$
691.7

Germany
145.4

 
130.7

 
398.3

 
370.9

All other foreign business units
79.1

 
88.6

 
253.9

 
232.8

Total
$
446.6

 
$
446.0

 
$
1,321.5

 
$
1,295.4

 
(1) We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.

 
June 30,
2019
 
September 30,
2018
Total assets assigned
 

 
 

Process Equipment Group
$
1,682.7

 
$
1,638.8

Batesville
175.9

 
191.8

Corporate
32.0

 
34.0

Total
$
1,890.6

 
$
1,864.6

 
 
 
 
Tangible long-lived assets, net
 

 
 

United States
$
73.5

 
$
76.6

Germany
38.6

 
40.7

All other foreign business units
24.5

 
24.7

Total
$
136.6

 
$
142.0



The following schedule reconciles segment adjusted EBITDA to consolidated net income (loss).
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
Adjusted EBITDA:
 
 
 
 
 
 
 
Process Equipment Group
$
54.9

 
$
58.2

 
$
156.6

 
$
153.7

Batesville
25.3

 
25.6

 
83.6

 
92.1

Corporate
(10.7
)
 
(12.4
)
 
(31.7
)
 
(32.9
)
Less:
 

 
 

 
 
 
 
Interest income
(0.3
)
 
(0.3
)
 
(0.7
)
 
(1.1
)
Interest expense
5.2

 
5.5

 
16.1

 
17.8

Income tax expense
11.6

 
15.2

 
39.9

 
52.5

Depreciation and amortization
15.1

 
14.2

 
44.3

 
42.0

Impairment charge

 

 

 
63.4

Business acquisition, development, and integration
3.8

 
0.1

 
4.9

 
2.6

Restructuring and restructuring related
2.4

 
0.5

 
3.6

 
1.7

     Inventory step-up

 

 
0.2

 

Consolidated net income
$
31.7

 
$
36.2

 
$
100.2

 
$
34.0