SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

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)		2024		2023
Net sales:
Electronics
Assembly Solutions		$	167.5	$	173.5
Circuitry Solutions		111.8		106.7
Semiconductor Solutions		69.9		59.4
Total Electronics		349.2		339.6
Industrial & Specialty
Industrial Solutions		166.5		180.7
Graphics Solutions		37.0		34.9
Energy Solutions		22.3		19.2
Total Industrial & Specialty		225.8		234.8
Total net sales		$	575.0	$	574.4

Adjusted EBITDA:
Electronics		$	83.9	$	72.7
Industrial & Specialty		43.1		39.6
Total Adjusted EBITDA		$	127.0	$	112.3

The following table reconciles "Net income" to Adjusted EBITDA:


	Three Months Ended
	March 31,
(dollars in millions)		2024		2023
Net income		$	56.0	$	43.0
Add (subtract):

Income tax expense		13.5		16.9
Interest expense, net		13.9		11.7
Depreciation expense		10.1		9.5
Amortization expense		30.2		29.6
EBITDA		123.7		110.7
Adjustments to reconcile to Adjusted EBITDA:

Restructuring expense		2.3		2.3
Acquisition and integration expense		1.7		3.9
Foreign exchange gains on intercompany loans		(6.8)		(5.6)

Kuprion Acquisition research and development charge		3.9		—


Other, net		2.2		1.0
Adjusted EBITDA		$	127.0	$	112.3