Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information (Tables)

v3.21.2
Segment and Geographical Information (Tables)
9 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule of net revenue, adjusted EBITDA, and depreciation and amortization by segment and geographic location
  Three Months Ended June 30, Nine Months Ended June 30,
  2021 2020 2021 2020
Net revenue    
Advanced Process Solutions $ 313.4  $ 281.3  $ 905.5  $ 899.0 
Molding Technology Solutions 243.8  186.3  735.7  518.6 
Batesville 137.9  139.9  468.7  405.7 
Total $ 695.1  $ 607.5  $ 2,109.9  $ 1,823.3 
Adjusted EBITDA (1)
   
Advanced Process Solutions $ 61.1  $ 57.6  $ 165.3  $ 166.6 
Molding Technology Solutions 49.2  38.1  148.4  96.4 
Batesville 29.8  36.4  126.7  91.4 
Corporate (13.9) (11.1) (41.9) (30.9)
Net revenue (2)
   
United States $ 301.3  $ 298.5  $ 973.1  $ 880.2 
Germany 35.2  33.5  101.9  114.7 
China 135.8  98.6  362.6  225.9 
India 39.0  17.7  127.5  85.8 
All other countries 183.8  159.2  544.8  516.7 
Total $ 695.1  $ 607.5  $ 2,109.9  $ 1,823.3 
 
(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 income (loss) below.
(2)The Company attributes net revenue to a geography based upon the location of the end customer. Prior to fiscal 2021, 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 nine months ended June 30, 2020, have been revised to conform to the current year methodology.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
  June 30,
2021
September 30,
2020
Total assets    
Advanced Process Solutions $ 1,664.3  $ 1,666.5 
Molding Technology Solutions 2,091.7  2,032.4 
Batesville 228.9  225.3 
Corporate 52.5  63.2 
Total $ 4,037.4  $ 3,987.4 
Tangible long-lived assets, net    
United States $ 165.8  $ 182.4 
Germany 113.4  110.4 
China 52.5  54.2 
All other countries 109.0  121.6 
Total $ 440.7  $ 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
June 30,
Nine Months Ended
June 30,
2021 2020 2021 2020
Adjusted EBITDA:
Advanced Process Solutions $ 61.1  $ 57.6  $ 165.3  $ 166.6 
Molding Technology Solutions 49.2  38.1  148.4  96.4 
Batesville 29.8  36.4  126.7  91.4 
Corporate (13.9) (11.1) (41.9) (30.9)
Less:    
Interest income (0.9) (0.6) (2.5) (2.5)
Interest expense 19.0  19.7  59.7  55.3 
Income tax expense 24.4  28.3  86.1  17.7 
Depreciation and amortization 28.7  33.9  86.3  98.4 
Impairment charges —  —  —  82.5 
Business acquisition, disposition, and integration costs 6.4  5.5  25.2  67.3 
Restructuring and restructuring-related charges 6.5  3.6  10.2  6.7 
Inventory step-up —  3.6  —  40.7 
(Gain) loss on divestitures (0.1) —  (65.8) 3.0 
Other 0.7  2.0  1.1  2.4 
Consolidated net income (loss) $ 41.5  $ 25.0  $ 198.2  $ (48.0)