Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information (Tables)

v3.19.3.a.u2
Segment and Geographical Information (Tables)
3 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of net revenue, adjusted EBITDA, and depreciation and amortization by segment and geographic location
 
Three Months Ended
December 31,
 
2019
 
2018
Net revenue
 

 
 

Process Equipment Group
$
306.6

 
$
282.2

Milacron
133.3

 

Batesville
127.0

 
128.1

Total
$
566.9

 
$
410.3

 
 
 
 
Adjusted EBITDA (1)
 

 
 

Process Equipment Group
$
51.5

 
$
46.2

Milacron
26.3

 

Batesville
23.0

 
26.7

Corporate
(8.9
)
 
(8.8
)
 
 
 
 
Net revenue (2)
 

 
 

United States
$
272.9

 
$
214.8

Germany
155.4

 
111.3

All other foreign business units
138.6

 
84.2

Total
$
566.9

 
$
410.3

 
 
(1) 
Adjusted EBITDA is a non-GAAP measure used by management to measure segment performance and make operating decisions. See the Operating Performance Measures section of Management’s Discussion and Analysis for further information on adjusted EBITDA, which is reconciled to consolidated net (loss) income below.
(2) 
The Company attributes net revenue to a geography based upon the location of the business that consummates the external sale.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
 
December 31,
2019
 
September 30,
2019
Total assets assigned
 

 
 

Process Equipment Group
$
1,791.7

 
$
1,729.1

Milacron
2,347.7

 

Batesville
227.7

 
186.1

Corporate
53.6

 
313.4

Total
$
4,420.7

 
$
2,228.6

 
 
 
 
Tangible long-lived assets, net(1)
 

 
 

United States
$
238.5

 
$
75.8

Germany
106.9

 
40.2

China
63.4

 
4.4

All other foreign business units
161.8

 
19.9

Total
$
570.6

 
$
140.3


Schedule of reconciliation of segment adjusted EBITDA to consolidated net income
The following schedule reconciles reportable segment adjusted EBITDA to consolidated net income.
 
Three Months Ended
December 31,
 
2019
 
2018
Adjusted EBITDA:
 
 
 
Process Equipment Group
$
51.5

 
$
46.2

Milacron
26.3

 

Batesville
23.0

 
26.7

Corporate
(8.9
)
 
(8.8
)
Less:
 

 
 

Interest income
(1.3
)
 
(0.2
)
Interest expense
14.7

 
5.5

Income tax (benefit) expense
(12.4
)
 
14.5

Depreciation and amortization
25.9

 
14.1

Business acquisition, development, and integration costs
53.8

 
0.6

Restructuring and restructuring related charges
2.4

 
0.5

     Inventory step-up
9.6

 
0.1

Consolidated net (loss) income
$
(0.8
)
 
$
29.0