Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information (Tables)

v3.23.1
Segment and Geographical Information (Tables)
 6 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of net revenue, adjusted EBITDA, and depreciation and amortization by segment and geographic location
The following tables present financial information for the Company’s reportable operating segments and significant geographical locations:
  Three Months Ended March 31, Six Months Ended March 31,
  2023 2022 2023 2022
Net revenue    
Advanced Process Solutions $ 430.5  $ 314.6  $ 843.3  $ 631.7 
Molding Technology Solutions 260.4  251.1  503.3  499.9 
Total $ 690.9  $ 565.7  $ 1,346.6  $ 1,131.6 
Adjusted EBITDA (1)
   
Advanced Process Solutions $ 73.2  $ 65.4  $ 144.5  $ 120.0 
Molding Technology Solutions 47.5  50.4  90.6  102.2 
Corporate (12.1) (15.5) (25.2) (32.4)
Net revenue (2)
   
United States $ 273.0  $ 180.0  $ 505.9  $ 342.9 
China 111.7  139.3  231.9  288.0 
India 55.3  51.1  107.7  102.0 
Germany 52.8  37.3  97.3  71.5 
All other countries 198.1  158.0  403.8  327.2 
Total $ 690.9  $ 565.7  $ 1,346.6  $ 1,131.6 
 
(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.
(2)The Company attributes net revenue to a geography based upon the location of the end customer.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
  March 31,
2023		 September 30,
2022
Total assets    
Advanced Process Solutions $ 2,737.5  $ 1,494.2 
Molding Technology Solutions 1,973.1  2,052.6 
Corporate 119.9  99.3 
Held for sale assets —  221.4 
Total $ 4,830.5  $ 3,867.5 
Tangible long-lived assets, net    
United States $ 103.2  $ 79.3 
Germany 132.4  104.1 
China 42.9  42.2 
India 39.4  40.7 
All other countries 85.3  53.5 
Total $ 403.2  $ 319.8 
Schedule of reconciliation of segment adjusted EBITDA to consolidated net income The following schedule reconciles reportable operating segment adjusted EBITDA to consolidated net income:
  Three Months Ended
March 31,		 Six Months Ended
March 31,
2023 2022 2023 2022
Adjusted EBITDA:
   Advanced Process Solutions $ 73.2  $ 65.4  $ 144.5  $ 120.0 
   Molding Technology Solutions 47.5  50.4  90.6  102.2 
   Corporate (12.1) (15.5) (25.2) (32.4)
Add:
Total income from discontinued operations 439.4  26.4  460.4  54.3 
Less:    
Interest income (2.5) (1.8) (4.3) (2.7)
Interest expense 21.1  17.3  44.4  35.2 
Income tax expense 24.1  21.2  26.4  34.5 
Depreciation and amortization 31.0  24.6  62.0  50.2 
Business acquisition, disposition, and integration costs 7.2  3.9  17.9  11.5 
Inventory step-up charges 3.1  —  11.1  — 
Restructuring and restructuring-related charges 0.5  2.6  1.5  3.3 
Loss on divestiture —  —  —  3.1 
Other —  3.1  —  3.1 
Consolidated net income $ 463.5  $ 55.8  $ 511.3  $ 105.9