Annual report pursuant to Section 13 and 15(d)

Segment and Geographical Information

v3.22.2.2
Segment and Geographical Information
12 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment and Geographical Information Segment and Geographical Information
 
The Company conducts operations through three reportable operating segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. The Company’s segments maintain separate financial information for which results of operations are evaluated on a regular basis by the Company’s chief operating decision maker in deciding how to allocate resources and in assessing performance.

The Company records the direct costs of business operations to the reportable operating segments, including stock-based compensation, asset impairments, restructuring activities, and business acquisition costs.  Corporate provides management and administrative services to each reportable operating segment.  These services include treasury management, human resources, legal, business development, and other public company support functions such as internal audit, investor relations, financial reporting, and tax compliance.  With limited exception for certain professional services and back-office and technology costs, the Company does not allocate these types of corporate expenses to the reportable operating segments.

The following tables present financial information for the Company’s reportable operating segments and significant geographical locations:
  Year Ended September 30,
  2022 2021 2020
Net revenue      
Advanced Process Solutions
$ 1,269.8  $ 1,245.7  $ 1,228.6 
Molding Technology Solutions 1,045.5  995.7  735.8 
Batesville 625.6  623.4  552.6 
Total net revenue $ 2,940.9  $ 2,864.8  $ 2,517.0 
Adjusted EBITDA (1)
   
Advanced Process Solutions
$ 249.1  $ 234.5  $ 234.5 
Molding Technology Solutions 216.2  201.8  147.0 
Batesville 127.1  160.2  127.1 
Corporate (65.0) (58.3) (44.2)
Net revenue    
United States $ 1,351.4  $ 1,312.8  $ 1,202.8 
China 573.1  503.6  349.1 
India 196.3  178.9  122.3 
Germany 140.9  139.0  149.4 
All other countries 679.2  730.5  693.4 
Total net revenue $ 2,940.9  $ 2,864.8  $ 2,517.0 
(1)  Adjusted earnings before interest, income tax, depreciation, and amortization (“adjusted EBITDA”) is a non-GAAP measure used by management to measure segment performance and make operating decisions.

 
September 30,
  2022 2021
Total assets assigned    
Advanced Process Solutions
$ 1,494.2  $ 1,596.5 
Molding Technology Solutions 2,052.6  2,103.0 
Batesville 232.3  231.5 
Corporate 88.4  83.9 
Total assets assigned $ 3,867.5  $ 4,014.9 
Tangible long-lived assets, net  
United States $ 154.1  $ 161.1 
Germany 104.1  113.8 
China 42.2  53.0 
India 40.7  43.9 
All other foreign business units 63.4  61.4 
Tangible long-lived assets, net $ 404.5  $ 433.2 

The following schedule reconciles segment adjusted EBITDA to consolidated net income (loss)
  Year Ended September 30,
  2022 2021 2020
Adjusted EBITDA:      
Advanced Process Solutions
$ 249.1  $ 234.5  $ 234.5 
   Molding Technology Solutions 216.2  201.8  147.0 
Batesville 127.1  160.2  127.1 
Corporate (65.0) (58.3) (44.2)
Less: 00 00 00
Interest income (5.5) (3.4) (3.2)
Interest expense 69.8  77.6  77.4 
Income tax expense 98.8  98.6  34.9 
Depreciation and amortization 108.2  115.2  130.6 
Impairment charges —  11.2  144.8 
Business acquisition, disposition, and integration costs 31.3  34.5  77.2 
Restructuring and restructuring-related charges 3.2  14.5  9.3 
Inventory step-up —  —  40.7 
Loss (gain) on divestiture 3.1  (67.1) 3.5 
Other 3.3  1.9  2.6 
Consolidated net income (loss) $ 215.2  $ 255.2  $ (53.4)