Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 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 September 30, Nine Months Ended September 30,
 (dollars in millions) 2019 2018 2019 2018
Net Sales:        
Electronics    
Assembly Solutions $ 137.3    $ 144.7    $ 407.7    $ 434.3   
Circuitry Solutions 102.4    103.8    285.4    311.9   
Semiconductor Solutions 40.3    43.3    120.7    129.3   
     Total Electronics 280.0    291.8    813.8    875.5   
Industrial & Specialty
Industrial Solutions 125.5    137.2    396.0    424.7   
Graphics Solutions 40.1    40.1    113.1    119.5   
Energy Solutions 19.1    19.4    58.3    62.9   
     Total Industrial & Specialty 184.7    196.7    567.4    607.1   
Total net sales $ 464.7    $ 488.5    $ 1,381.2    $ 1,482.6   
Adjusted EBITDA:        
Electronics $ 73.6    $ 64.8    $ 190.4    $ 189.9   
Industrial & Specialty 41.8    43.5    124.1    131.9   
Total Adjusted EBITDA $ 115.4    $ 108.3    $ 314.5    $ 321.8   
The following table reconciles "Net (loss) income attributable to common stockholders" to Adjusted EBITDA:
  Three months ended September 30, Nine Months Ended September 30,
 (dollars in millions) 2019 2018 2019 2018
Net (loss) income attributable to common stockholders $ (6.9)   $ (408.9)   $ 17.8    $ (359.6)  
Add (subtract):
Net income attributable to the non-controlling interests —    3.0    0.6    3.5   
Loss (income) from discontinued operations, net of tax 0.9    401.6    (13.2)   293.3   
Income tax expense (benefit) 57.2    (18.8)   40.0    21.1   
Interest expense, net 17.4    77.9    73.7    233.4   
Depreciation expense 10.1    10.9    30.8    33.8   
Amortization expense 28.1    27.8    84.9    84.7   
EBITDA 106.8    93.5    234.6    310.2   
Adjustments to reconcile to Adjusted EBITDA:
Restructuring expense 6.8    1.0    12.6    4.3   
Integration costs 0.8    5.2    2.5    9.7   
Foreign exchange loss on foreign denominated external and internal long-term debt 1.1    3.8    1.5    0.7   
Debt refinancing costs —    —    61.0    —   
Change in fair value of contingent consideration 0.5    1.0    3.4    2.5   
Gain on sale of equity investment —    —    —    (11.3)  
Other, net (0.6)   3.8    (1.1)   5.7   
Adjusted EBITDA $ 115.4    $ 108.3    $ 314.5    $ 321.8