Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Summary of segment's results of operations 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)
2019
 
2018
Net Sales:
 
 
 
Electronics
 
 
 
Assembly Solutions
$
133.0

 
$
139.8

Circuitry Solutions
90.8

 
106.0

Semiconductor Solutions
42.1

 
42.2

     Total Electronics
265.9

 
288.0

Industrial & Specialty
 
 
 
Industrial Solutions
138.0

 
145.5

Graphics Solutions
35.7

 
38.7

Energy Solutions
20.2

 
20.3

     Total Industrial & Specialty
193.9

 
204.5

Total net sales
$
459.8

 
$
492.5

 
 
 
 
Adjusted EBITDA:
 

 
 

Electronics
$
56.4

 
$
60.1

Industrial & Specialty
42.2

 
44.0

Total Adjusted EBITDA
$
98.6

 
$
104.1

The following table reconciles "Net income attributable to common stockholders" to Adjusted EBITDA:
 
Three months ended March 31,
 (dollars in millions)
2019
 
2018
Net income attributable to common stockholders
$
23.2

 
$
37.3

Add (subtract):
 
 
 
Net income attributable to the non-controlling interests
0.7


0.7

Income from discontinued operations, net of tax
(27.4
)
 
(46.9
)
Income tax (benefit) expense
(10.4
)

9.9

Interest expense, net
38.1

 
77.2

Depreciation expense
10.3

 
11.7

Amortization expense
28.4

 
28.5

EBITDA
62.9


118.4

Adjustments to reconcile to Adjusted EBITDA:
 
 
 
Restructuring expense
1.2


1.7

Integration costs
1.4


1.0

Foreign exchange gain on foreign denominated external and internal long-term debt
(28.3
)

(7.7
)
Debt refinancing costs
60.7

 

Change in fair value of contingent consideration
2.4

 
0.5

Gain on sale of equity investment

 
(11.3
)
Other, net
(1.7
)

1.5

Adjusted EBITDA
$
98.6


$
104.1