Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information

v2.4.0.8
Segment and Geographical Information
9 Months Ended
Jun. 30, 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 June 30,

 

Nine Months Ended June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Net revenue

 

 

 

 

 

 

 

 

 

Process Equipment Group

 

$

260.8

 

$

92.7

 

$

641.9

 

$

274.6

 

Batesville

 

148.0

 

145.7

 

470.6

 

455.1

 

Total

 

$

408.8

 

$

238.4

 

$

1,112.5

 

$

729.7

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

Process Equipment Group

 

$

33.3

 

$

18.4

 

$

78.5

 

$

55.8

 

Batesville

 

36.7

 

30.8

 

123.6

 

114.3

 

Corporate

 

(6.3

)

(4.5

)

(22.8

)

(19.2

)

 

 

 

 

 

 

 

 

 

 

Net revenue (1)

 

 

 

 

 

 

 

 

 

United States

 

$

223.1

 

$

198.6

 

$

663.3

 

$

605.9

 

International

 

185.7

 

39.8

 

449.2

 

123.8

 

Total

 

$

408.8

 

$

238.4

 

$

1,112.5

 

$

729.7

 

 

 

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

 

 

 

June 30, 2013

 

September 30,
2012

 

Total assets

 

 

 

 

 

Process Equipment Group

 

$

1,659.8

 

$

769.7

 

Batesville

 

231.2

 

236.2

 

Corporate

 

65.9

 

81.6

 

Total

 

$

1,956.9

 

$

1,087.5

 

 

 

 

 

 

 

Tangible long-lived assets

 

 

 

 

 

United States

 

$

103.0

 

$

100.4

 

International

 

65.0

 

17.5

 

Total

 

$

168.0

 

$

117.9

 

 

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

 

 

 

Three Months Ended
June 30,

 

Nine Months Ended
June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Adjusted EBITDA:

 

 

 

 

 

 

 

 

 

Process Equipment Group

 

$

33.3

 

$

18.4

 

$

78.5

 

$

55.8

 

Batesville

 

36.7

 

30.8

 

123.6

 

114.3

 

Corporate

 

(6.3

)

(4.5

)

(22.8

)

(19.2

)

Less:

 

 

 

 

 

 

 

 

 

Interest income

 

 

(0.1

)

(0.3

)

(0.4

)

Interest expense

 

5.9

 

3.0

 

17.2

 

8.8

 

Income tax expense

 

5.8

 

8.6

 

17.0

 

20.6

 

Depreciation and amortization

 

27.4

 

9.4

 

70.3

 

31.0

 

Business acquisition costs

 

2.4

 

0.2

 

12.4

 

1.2

 

Inventory step-up

 

8.0

 

 

18.7

 

 

Restructuring

 

0.3

 

2.3

 

2.2

 

7.0

 

Long-term incentive compensation related to the international integration

 

 

 

 

2.2

 

Other

 

0.2

 

 

0.3

 

0.5

 

Consolidated net income

 

$

13.7

 

$

21.3

 

$

41.5

 

$

80.0