Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information (Tables)

v3.20.2
Segment and Geographical Information (Tables)
 9 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of net revenue, adjusted EBITDA, and depreciation and amortization by segment and geographic location
  Three Months Ended June 30, Nine Months Ended June 30,
  2020 2019 2020 2019
Net revenue    
Process Equipment Group $ 281.3    $ 315.3    $ 899.0    $ 924.2   
Milacron 186.3    —    518.6    —   
Batesville 139.9    131.3    405.7    397.3   
Total $ 607.5    $ 446.6    $ 1,823.3    $ 1,321.5   
Adjusted EBITDA (1)
   
Process Equipment Group $ 57.6    $ 54.9    $ 166.6    $ 156.6   
Milacron 38.1    —    96.4    —   
Batesville 36.4    25.3    91.4    83.6   
Corporate (11.1)   (10.7)   (30.9)   (31.7)  
Net revenue (2)
   
United States $ 292.1    $ 222.1    $ 853.0    $ 669.3   
Germany 151.2    145.4    495.2    398.3   
All other foreign business units 164.2    79.1    475.1    253.9   
Total $ 607.5    $ 446.6    $ 1,823.3    $ 1,321.5   
 
(1)Adjusted EBITDA is a non-GAAP measure used by management to measure segment performance and make operating decisions. See the Operating Performance Measures section of Management’s Discussion and Analysis for further information on adjusted EBITDA, which is reconciled to consolidated net income (loss) below.
(2)The Company attributes net revenue to a geography based upon the location of the business that consummates the external sale.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
  June 30,
2020		 September 30,
2019
Total assets assigned    
Process Equipment Group $ 1,710.4    $ 1,729.1   
Milacron 1,988.0    —   
Batesville 228.7    186.1   
Corporate 102.8    313.4   
Total $ 4,029.9    $ 2,228.6   
Tangible long-lived assets, net(1)
   
United States $ 208.0    $ 75.8   
Germany 103.2    40.2   
China 51.4    4.4   
All other foreign business units 130.4    19.9   
Total $ 493.0    $ 140.3   
Schedule of reconciliation of segment adjusted EBITDA to consolidated net income
The following schedule reconciles reportable segment adjusted EBITDA to consolidated net income (loss):
  Three Months Ended
June 30,		 Nine Months Ended
June 30,
2020 2019 2020 2019
Adjusted EBITDA:
Process Equipment Group $ 57.6    $ 54.9    $ 166.6    $ 156.6   
Milacron 38.1    —    96.4    —   
Batesville 36.4    25.3    91.4    83.6   
Corporate (11.1)   (10.7)   (30.9)   (31.7)  
Less:    
Interest income (0.6)   (0.3)   (2.5)   (0.7)  
Interest expense 19.7    5.2    55.3    16.1   
Income tax expense 28.3    11.6    17.7    39.9   
Depreciation and amortization 33.9    15.1    98.4    44.3   
Impairment charges —    —    82.5    —   
Business acquisition, disposition, and integration costs 5.5    3.8    67.3    4.9   
Restructuring and restructuring-related charges 3.6    2.4    6.7    3.6   
Inventory step-up 3.6    —    40.7    0.2   
Net loss on divestiture —    —    3.0    —   
Other 2.0    —    2.4    —   
Consolidated net income (loss) $ 25.0    $ 31.7    $ (48.0)   $ 100.2