XML 39 R28.htm IDEA: XBRL DOCUMENT v3.23.1
SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
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 March 31,
 (dollars in millions)20232022
Net sales:  
Electronics  
Assembly Solutions$173.5 $230.6 
Circuitry Solutions106.7 135.3 
Semiconductor Solutions59.4 75.7 
     Total Electronics339.6 441.6 
Industrial & Specialty
Industrial Solutions180.7 190.1 
Graphics Solutions34.9 32.6 
Energy Solutions19.2 15.9 
     Total Industrial & Specialty234.8 238.6 
Total net sales$574.4 $680.2 
Adjusted EBITDA:  
Electronics$72.7 $100.9 
Industrial & Specialty39.6 43.9 
Total Adjusted EBITDA$112.3 $144.8 
The following table reconciles "Net income attributable to common stockholders" to Adjusted EBITDA:
 Three Months Ended March 31,
 (dollars in millions)20232022
Net income attributable to common stockholders$42.9 $56.1 
Add (subtract):
Net income attributable to non-controlling interests0.1 0.3 
Income tax expense16.9 20.0 
Interest expense, net11.7 14.1 
Depreciation expense9.5 10.6 
Amortization expense29.6 31.0 
EBITDA110.7 132.1 
Adjustments to reconcile to Adjusted EBITDA:
Inventory step-up— 0.5 
Restructuring expense2.3 1.9 
Acquisition and integration expense3.9 2.9 
Foreign exchange (gain) loss on intercompany loans(5.6)1.6 
Adjustment of stock compensation previously not probable— 1.3 
Other, net1.0 4.5 
Adjusted EBITDA$112.3 $144.8