Annual report pursuant to Section 13 and 15(d)

Segment and Geographical Information (Tables)

v3.20.2
Segment and Geographical Information (Tables)
12 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
  Year Ended September 30,
  2020 2019 2018
Net revenue      
Advanced Process Solutions
$ 1,228.6  $ 1,274.4  $ 1,219.5 
Molding Technology Solutions 735.8  —  — 
Batesville 552.6  532.9  550.6 
Total net revenue $ 2,517.0  $ 1,807.3  $ 1,770.1 
Adjusted EBITDA (1)
   
Advanced Process Solutions
$ 234.5  $ 223.3  $ 215.8 
Molding Technology Solutions 147.0  —  — 
Batesville 127.1  114.2  120.8 
Corporate (44.2) (42.2) (42.3)
Net revenue (2)
   
United States $ 1,172.3  $ 892.5  $ 926.4 
Germany 678.8  568.7  512.5 
All other foreign business units 665.9  346.1  331.2 
Total revenue $ 2,517.0  $ 1,807.3  $ 1,770.1 
Depreciation and amortization      
Advanced Process Solutions
$ 43.6  $ 45.5  $ 42.8 
Molding Technology Solutions 73.2  —  — 
Batesville 10.6  10.7  11.9 
Corporate 3.2  2.3  1.8 
Total depreciation and amortization $ 130.6  $ 58.5  $ 56.5 
(1)  Adjusted EBITDA is a non-GAAP measure used by management to measure segment performance and make operating decisions, 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 Assets from Segment and Long Lived Assets by Geographical Area
  September 30,
  2020 2019
Total assets assigned    
Advanced Process Solutions
$ 1,666.5  $ 1,729.1 
Molding Technology Solutions 2,032.4  — 
Batesville 225.3  186.1 
Corporate 63.2  313.4 
Total assets $ 3,987.4  $ 2,228.6 
Tangible long-lived assets, net (1)
 
United States $ 182.4  $ 67.6 
Germany 110.4  37.5 
China 54.2  4.4 
All other foreign business units 121.6  19.9 
Tangible long-lived assets, net $ 468.6  $ 129.4 
(1)Tangible long-lived assets, net includes operating lease right-of-use assets as of September 30, 2020, due to the adoption of ASU 2016-02 in the current year.
Reconciliation of Adjusted Earnings before Interest, Tax, Depreciation and Amortization from Segments to Consolidated
The following schedule reconciles segment adjusted EBITDA to consolidated net (loss) income.
  Year Ended September 30,
  2020 2019 2018
Adjusted EBITDA:      
Advanced Process Solutions
$ 234.5  $ 223.3  $ 215.8 
   Molding Technology Solutions 147.0  —  — 
Batesville 127.1  114.2  120.8 
Corporate (44.2) (42.2) (42.3)
Less:      
Interest income (3.2) (1.1) (1.4)
Interest expense 77.4  27.4  23.3 
Income tax expense 34.9  50.5  65.3 
Depreciation and amortization 130.6  58.5  56.5 
Impairment charges 144.8  —  63.4 
Business acquisition, disposition, and integration costs 77.2  16.6  3.5 
Restructuring and restructuring-related charges 9.3  10.6  2.5 
Inventory step-up 40.7  0.2  — 
Net loss on divestiture 3.5  —  — 
Loss on settlement of interest rate swaps —  6.4  — 
Other 2.6  —  — 
Consolidated net (loss) income $ (53.4) $ 126.2  $ 81.2