Annual report pursuant to Section 13 and 15(d)

Segment and Geographical Information (Tables)

v3.19.3
Segment and Geographical Information (Tables)
12 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
 
Year Ended September 30,
 
2019
 
2018
 
2017
Net revenue
 

 
 

 
 

Process Equipment Group
$
1,274.4

 
$
1,219.5

 
$
1,028.2

Batesville
532.9

 
550.6

 
562.0

Total net revenue
$
1,807.3

 
$
1,770.1

 
$
1,590.2

 
 
 
 
 
 
Adjusted EBITDA
 
 
 

 
 

Process Equipment Group
$
223.3

 
$
215.8

 
$
177.7

Batesville
114.2

 
120.8

 
141.9

Corporate
(42.2
)
 
(42.3
)
 
(38.6
)
 
 
 
 
 
 
Net revenue(1)
 
 
 

 
 

United States
$
892.5

 
$
926.4

 
$
896.1

Germany
568.7

 
512.5

 
425.6

All other foreign business units
346.1

 
331.2

 
268.5

Total revenue
$
1,807.3

 
$
1,770.1

 
$
1,590.2

 
 
 
 
 
 
Depreciation and amortization
 

 
 

 
 

Process Equipment Group
$
45.5

 
$
42.8

 
$
41.3

Batesville
10.7

 
11.9

 
13.8

Corporate
2.3

 
1.8

 
1.5

Total depreciation and amortization
$
58.5

 
$
56.5

 
$
56.6

 
 
(1) We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
Schedule of Assets from Segment and Long Lived Assets by Geographical Area
 
September 30,
 
2019
 
2018
Total assets assigned
 

 
 

Process Equipment Group
$
1,729.1

 
$
1,638.8

Batesville
186.1

 
191.8

Corporate
313.4

 
34.0

Total assets
$
2,228.6

 
$
1,864.6

 
 
 
 
Tangible long-lived assets, net
 
 
 

United States
$
75.8

 
$
76.6

Germany
40.2

 
40.7

All other foreign business units
24.3

 
24.7

Tangible long-lived assets, net
$
140.3

 
$
142.0



Reconciliation of Adjusted Earnings before Interest, Tax, Depreciation and Amortization from Segments to Consolidated
The following schedule reconciles segment adjusted EBITDA to consolidated net income.
 
Year Ended September 30,
 
2019
 
2018
 
2017
Adjusted EBITDA:
 

 
 

 
 

Process Equipment Group
$
223.3

 
$
215.8

 
$
177.7

Batesville
114.2

 
120.8

 
141.9

Corporate
(42.2
)
 
(42.3
)
 
(38.6
)
Less:
 

 
 

 
 

Interest income
(1.1
)
 
(1.4
)
 
(0.9
)
Interest expense
27.4

 
23.3

 
25.2

Income tax expense
50.5

 
65.3

 
59.9

Depreciation and amortization
58.5

 
56.5

 
56.6

Business acquisition, development, and integration costs
16.6

 
3.5

 
1.1

Restructuring and restructuring related charges
10.6

 
2.5

 
10.7

Loss on settlement of interest rate swaps
6.4

 

 

Inventory step-up
0.2

 

 

Impairment charges

 
63.4

 

Consolidated net income
$
126.2

 
$
81.2

 
$
128.4