Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information

v2.4.0.6
Segment and Geographical Information
6 Months Ended
Mar. 31, 2013
Segment and Geographical Information  
Segment and Geographical Information

14.       Segment and Geographical Information

 

The acquisition of Coperion on December 1, 2012, resulted in the addition of Coperion to the Process Equipment Group segment.

 

 

 

Three Months Ended March 31,

 

Six Months Ended March 31,

 

 

 

2013

 

2012

 

2013

 

2012

 

Net revenue

 

 

 

 

 

 

 

 

 

Process Equipment Group

 

$

227.4

 

$

96.2

 

$

381.1

 

$

181.9

 

Batesville

 

171.1

 

163.5

 

322.6

 

309.4

 

Total

 

$

398.5

 

$

259.7

 

$

703.7

 

$

491.3

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

Process Equipment Group

 

$

24.2

 

$

21.2

 

$

45.2

 

$

37.4

 

Batesville

 

48.4

 

44.4

 

86.9

 

83.4

 

Corporate

 

(8.5

)

(7.4

)

(16.5

)

(14.6

)

 

 

 

 

 

 

 

 

 

 

Net revenue (1)

 

 

 

 

 

 

 

 

 

United States

 

$

234.7

 

$

213.0

 

$

440.2

 

$

407.4

 

International

 

163.8

 

46.7

 

263.5

 

83.9

 

Total

 

$

398.5

 

$

259.7

 

$

703.7

 

$

491.3

 

 

(1)   We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.

 

 

 

March 31,
2013

 

September 30,
2012

 

Total assets

 

 

 

 

 

Process Equipment Group

 

$

1,654.6

 

$

769.7

 

Batesville

 

245.6

 

236.2

 

Corporate

 

63.9

 

81.6

 

Total

 

$

1,964.1

 

$

1,087.5

 

 

 

 

 

 

 

Tangible long-lived assets

 

 

 

 

 

United States

 

$

103.7

 

$

100.4

 

International

 

64.6

 

17.5

 

Total

 

$

168.3

 

$

117.9

 

 

The following schedule reconciles segment adjusted EBITDA to consolidated net income.

 

 

 

Three Months Ended
March 31,

 

Six Months Ended
March 31,

 

 

 

2013

 

2012

 

2013

 

2012

 

Adjusted EBITDA:

 

 

 

 

 

 

 

 

 

Process Equipment Group

 

$

24.2

 

$

21.2

 

$

45.2

 

$

37.4

 

Batesville

 

48.4

 

44.4

 

86.9

 

83.4

 

Corporate

 

(8.5

)

(7.4

)

(16.5

)

(14.6

)

Interest income

 

0.2

 

0.1

 

0.3

 

0.3

 

Interest expense

 

(6.8

)

(2.8

)

(11.3

)

(5.7

)

Income tax expense

 

(5.3

)

(13.3

)

(11.2

)

(12.0

)

Depreciation and amortization

 

(27.8

)

(9.5

)

(42.9

)

(21.7

)

Business acquisition costs

 

(1.8

)

(0.5

)

(10.0

)

(1.0

)

Inventory step-up

 

(8.1

)

 

(10.7

)

 

Restructuring

 

(1.3

)

(4.7

)

(1.9

)

(4.7

)

Antitrust litigation

 

 

(0.1

)

(0.1

)

(0.5

)

Long-term incentive compensation related to the international integration

 

 

 

 

(2.2

)

Consolidated net income

 

$

13.2

 

$

27.4

 

$

27.8

 

$

58.7