Segment and Geographical Information (Tables)

9 Months Ended

Jun. 30, 2020

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