Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information (Tables)

v3.20.1
Segment and Geographical Information (Tables)
6 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of net revenue, adjusted EBITDA, and depreciation and amortization by segment and geographic location
 
Three Months Ended March 31,
 
Six Months Ended March 31,
 
2020
 
2019
 
2020
 
2019
Net revenue
 

 
 

 
 
 
 
Process Equipment Group
$
311.1

 
$
326.7

 
$
617.7

 
$
608.9

Milacron
199.0

 

 
332.3

 

Batesville
138.8

 
137.9

 
265.8

 
266.0

Total
$
648.9

 
$
464.6

 
$
1,215.8

 
$
874.9

 
 
 
 
 
 
 
 
Adjusted EBITDA (1)
 

 
 

 
 
 
 
Process Equipment Group
$
57.5

 
$
55.5

 
$
109.0

 
$
101.7

Milacron
31.9

 

 
58.2

 

Batesville
32.0

 
31.6

 
55.0

 
58.3

Corporate
(10.8
)
 
(12.2
)
 
(19.7
)
 
(21.0
)
 
 
 
 
 
 
 
 
Net revenue (2)
 

 
 

 
 
 
 
United States
$
288.0

 
$
232.4

 
$
560.9

 
$
447.2

Germany
188.6

 
141.6

 
344.0

 
252.9

All other foreign business units
172.3

 
90.6

 
310.9

 
174.8

Total
$
648.9

 
$
464.6

 
$
1,215.8

 
$
874.9

 
 
(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
 
March 31,
2020
 
September 30,
2019
Total assets assigned
 

 
 

Process Equipment Group
$
1,736.7

 
$
1,729.1

Milacron
2,001.3

 

Batesville
233.7

 
186.1

Corporate
219.0

 
313.4

Total
$
4,190.7

 
$
2,228.6

 
 
 
 
Tangible long-lived assets, net(1)
 

 
 

United States
$
218.1

 
$
75.8

Germany
105.6

 
40.2

China
51.4

 
4.4

All other foreign business units
138.6

 
19.9

Total
$
513.7

 
$
140.3


Schedule of reconciliation of segment adjusted EBITDA to consolidated net income
The following schedule reconciles reportable segment adjusted EBITDA to consolidated net (loss) income:
 
Three Months Ended
March 31,
 
Six Months Ended
March 31,
 
2020
 
2019
 
2020
 
2019
Adjusted EBITDA:
 
 
 
 
 
 
 
Process Equipment Group
$
57.5

 
$
55.5

 
$
109.0

 
$
101.7

Milacron
31.9

 

 
58.2

 

Batesville
32.0

 
31.6

 
55.0

 
58.3

Corporate
(10.8
)
 
(12.2
)
 
(19.7
)
 
(21.0
)
Less:
 

 
 

 
 
 
 
Interest income
(0.6
)
 
(0.2
)
 
(1.9
)
 
(0.4
)
Interest expense
20.9

 
5.4

 
35.6

 
10.9

Income tax expense (benefit)
1.8

 
13.8

 
(10.6
)
 
28.3

Depreciation and amortization
38.6

 
15.1

 
64.5

 
29.2

Impairment charges
82.5

 

 
82.5

 

Business acquisition, disposition, and integration costs
8.0

 
0.5

 
61.8

 
1.1

Restructuring and restructuring-related charges
0.7

 
0.7

 
3.1

 
1.2

Inventory step-up
27.5

 
0.1

 
37.1

 
0.2

Net loss on divestiture
3.0

 

 
3.0

 

Other
0.4

 

 
0.4

 

Consolidated net (loss) income
$
(72.2
)
 
$
39.5


$
(73.0
)

$
68.5