Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information (Tables)

v3.21.1
Segment and Geographical Information (Tables)
6 Months Ended
Mar. 31, 2021
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,
  2021 2020 2021 2020
Net revenue    
Advanced Process Solutions $ 301.3  $ 311.1  $ 592.1  $ 617.7 
Molding Technology Solutions 255.0  199.0  491.9  332.3 
Batesville 166.0  138.8  330.8  265.8 
Total $ 722.3  $ 648.9  $ 1,414.8  $ 1,215.8 
Adjusted EBITDA (1)
   
Advanced Process Solutions $ 55.7  $ 57.5  $ 104.2  $ 109.0 
Molding Technology Solutions 50.8  31.9  99.2  58.2 
Batesville 44.6  32.0  96.9  55.0 
Corporate (16.8) (10.8) (28.0) (19.7)
Net revenue (2)
   
United States $ 343.1  $ 299.7  $ 671.8  $ 581.7 
Germany 32.4  45.4  66.7  81.2 
China 114.9  70.3  226.8  127.3 
India 47.0  33.8  88.5  68.1 
All other countries 184.9  199.7  361.0  357.5 
Total $ 722.3  $ 648.9  $ 1,414.8  $ 1,215.8 
 
(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 income (loss) below.
(2)The Company attributes net revenue to a geography based upon the location of the end customer. Previously, the Company attributed net revenue to a geography based upon the location of the business that consummates the external sale for purpose of this disclosure. As such, the net revenue figures for the three and six months ended March 31, 2020, have been revised to conform to the current year methodology.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
  March 31,
2021
September 30,
2020
Total assets    
Advanced Process Solutions $ 1,545.6  $ 1,666.5 
Molding Technology Solutions 2,065.4  2,032.4 
Batesville 230.6  225.3 
Corporate 75.5  63.2 
Total $ 3,917.1  $ 3,987.4 
Tangible long-lived assets, net    
United States $ 169.5  $ 182.4 
Germany 112.6  110.4 
China 53.0  54.2 
All other countries 111.9  121.6 
Total $ 447.0  $ 468.6 
Schedule of reconciliation of segment adjusted EBITDA to consolidated net income
The following schedule reconciles reportable operating segment adjusted EBITDA to consolidated net income (loss):
  Three Months Ended
March 31,
Six Months Ended
March 31,
2021 2020 2021 2020
Adjusted EBITDA:
Advanced Process Solutions $ 55.7  $ 57.5  $ 104.2  $ 109.0 
Molding Technology Solutions 50.8  31.9  99.2  58.2 
Batesville 44.6  32.0  96.9  55.0 
Corporate (16.8) (10.8) (28.0) (19.7)
Less:    
Interest income (1.0) (0.6) (1.6) (1.9)
Interest expense 19.5  20.9  40.7  35.6 
Income tax expense (benefit) 30.4  1.8  61.7  (10.6)
Depreciation and amortization 28.3  38.6  57.6  64.5 
Impairment charges —  82.5  —  82.5 
Business acquisition, disposition, and integration costs 9.7  8.0  18.8  61.8 
Restructuring and restructuring-related charges 2.2  0.7  3.7  3.1 
Inventory step-up —  27.5  —  37.1 
(Gain) loss on divestitures (34.1) 3.0  (65.7) 3.0 
Other 0.3  0.4  0.4  0.4 
Consolidated net income (loss) $ 79.0  $ (72.2) $ 156.7  $ (73.0)