Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of segment reporting information, by segment

The following table summarizes financial information regarding each reportable segment’s results of operations, including disaggregated external net sales by product category:


	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in millions)	2021		2020		2021		2020
Net sales:
Electronics
Assembly Solutions	$	205.1	$	112.2	$	394.1	$	238.2
Circuitry Solutions	111.5		92.8		219.8		185.7
Semiconductor Solutions	65.3		48.2		121.5		98.2
Total Electronics	381.9		253.2		735.4		522.1
Industrial & Specialty
Industrial Solutions	148.2		83.6		294.5		209.5
Graphics Solutions	40.0		34.6		74.7		73.2
Energy Solutions	16.5		15.6		32.1		34.8
Total Industrial & Specialty	204.7		133.8		401.3		317.5
Total net sales	$	586.6	$	387.0	$	1,136.7	$	839.6

Adjusted EBITDA:
Electronics	$	90.7	$	58.0	$	183.2	$	124.5
Industrial & Specialty	42.4		26.8		87.8		70.4
Total Adjusted EBITDA	$	133.1	$	84.8	$	271.0	$	194.9

The following table reconciles "Net income attributable to common stockholders" to Adjusted EBITDA:


	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in millions)	2021		2020		2021		2020
Net income attributable to common stockholders	$	81.1	$	1.2	$	163.4	$	9.8
Add (subtract):

(Income) loss from discontinued operations, net of tax	(2.0)		1.1		(2.0)		0.9
Income tax (benefit) expense	(31.9)		5.8		(0.8)		9.9
Interest expense, net	12.9		16.9		25.8		33.6
Depreciation expense	9.7		10.5		19.1		21.0
Amortization expense	30.4		28.9		60.1		58.3
EBITDA	100.2		64.4		265.6		133.5
Adjustments to reconcile to Adjusted EBITDA:
Amortization of inventory step-up	2.2		—		2.2		1.4
Restructuring expense	1.6		3.3		3.9		4.3
Acquisition and integration expense	5.9		1.3		3.2		7.9
Foreign exchange loss (gain) on internal debt	4.6		11.8		(23.4)		40.9

Adjustment of stock compensation previously not probable (Note 8)	13.6		—		13.6		—
Other, net	5.0		4.0		5.9		6.9
Adjusted EBITDA	$	133.1	$	84.8	$	271.0	$	194.9