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, 2014
Segment and Geographical Information  
Segment and Geographical Information

15.       Segment and Geographical Information

 

 

 

Three Months Ended June 30,

 

Nine Months Ended June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Net revenue

 

 

 

 

 

 

 

 

 

Process Equipment Group

 

$

274.0

 

$

260.8

 

$

755.7

 

$

641.9

 

Batesville

 

142.8

 

148.0

 

442.8

 

470.6

 

Total

 

$

416.8

 

$

408.8

 

$

1,198.5

 

$

1,112.5

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

Process Equipment Group

 

$

44.1

 

$

33.3

 

$

96.8

 

$

78.5

 

Batesville

 

34.3

 

36.7

 

113.7

 

123.6

 

Corporate

 

(7.6

)

(6.3

)

(17.3

)

(22.8

)

 

 

 

 

 

 

 

 

 

 

Net revenue (1)

 

 

 

 

 

 

 

 

 

United States

 

$

224.7

 

$

223.1

 

$

643.0

 

$

663.3

 

International

 

192.1

 

185.7

 

555.5

 

449.2

 

Total

 

$

416.8

 

$

408.8

 

$

1,198.5

 

$

1,112.5

 

 

 

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

 

 

 

June 30,
2014

 

September 30,
2013

 

Total assets

 

 

 

 

 

Process Equipment Group

 

$

1,709.0

 

$

1,708.6

 

Batesville

 

235.9

 

238.3

 

Corporate

 

46.5

 

56.3

 

Total

 

$

1,991.4

 

$

2,003.2

 

 

 

 

 

 

 

Property, plant and equipment, net

 

 

 

 

 

United States

 

$

99.5

 

$

101.9

 

International

 

69.9

 

70.0

 

Total

 

$

169.4

 

$

171.9

 

 

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

 

 

 

Three Months Ended
June 30,

 

Nine Months Ended
June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Adjusted EBITDA:

 

 

 

 

 

 

 

 

 

Process Equipment Group

 

$

44.1

 

$

33.3

 

$

96.8

 

$

78.5

 

Batesville

 

34.3

 

36.7

 

113.7

 

123.6

 

Corporate

 

(7.6

)

(6.3

)

(17.3

)

(22.8

)

Less:

 

 

 

 

 

 

 

 

 

Interest income

 

(0.3

)

 

(0.6

)

(0.3

)

Interest expense

 

5.6

 

5.9

 

17.5

 

17.2

 

Income tax expense

 

12.7

 

5.8

 

35.4

 

17.0

 

Depreciation and amortization

 

14.7

 

27.4

 

43.7

 

70.3

 

Business acquisition and integration

 

1.7

 

2.4

 

4.7

 

12.4

 

Inventory step-up

 

 

8.0

 

 

18.7

 

Restructuring

 

1.6

 

0.3

 

2.8

 

2.2

 

Litigation

 

1.4

 

0.2

 

1.4

 

0.3

 

Consolidated net income

 

$

33.4

 

$

13.7

 

$

88.3

 

$

41.5