Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.20.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2020
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) 2020 2019 2020 2019
Net sales:        
Electronics    
Assembly Solutions $ 155.0  $ 137.3  $ 393.2  $ 407.7 
Circuitry Solutions 101.0  102.4  286.7  285.4 
Semiconductor Solutions 50.8  40.3  149.0  120.7 
     Total Electronics 306.8  280.0  828.9  813.8 
Industrial & Specialty
Industrial Solutions 121.0  125.5  330.5  396.0 
Graphics Solutions 33.6  40.1  106.8  113.1 
Energy Solutions 16.1  19.1  50.9  58.3 
     Total Industrial & Specialty 170.7  184.7  488.2  567.4 
Total net sales $ 477.5  $ 464.7  $ 1,317.1  $ 1,381.2 
Adjusted EBITDA:        
Electronics $ 72.0  $ 73.6  $ 196.5  $ 190.4 
Industrial & Specialty 29.8  41.8  100.2  124.1 
Total Adjusted EBITDA $ 101.8  $ 115.4  $ 296.7  $ 314.5 
The following table reconciles "Net income (loss) attributable to common stockholders" to Adjusted EBITDA:
  Three Months Ended September 30, Nine Months Ended September 30,
 (dollars in millions) 2020 2019 2020 2019
Net income (loss) attributable to common stockholders $ 36.0  $ (6.9) $ 45.8  $ 17.8 
Add (subtract):
Net income attributable to the non-controlling interests —  —  —  0.6 
Loss (income) from discontinued operations, net of tax 0.2  0.9  1.1  (13.2)
Income tax (benefit) expense (47.3) 57.2  (37.4) 40.0 
Interest expense, net 17.1  17.4  50.7  73.7 
Depreciation expense 10.7  10.1  31.7  30.8 
Amortization expense 30.5  28.1  88.8  84.9 
EBITDA 47.2  106.8  180.7  234.6 
Adjustments to reconcile to Adjusted EBITDA:
Amortization of inventory step-up 1.0  —  2.4  — 
Restructuring expense 1.3  6.8  5.6  12.6 
Acquisition and integration costs 0.4  0.8  8.3  2.5 
Foreign exchange loss on foreign denominated external and internal long-term debt 2.3  1.1  43.2  1.5 
Debt refinancing costs 45.7  —  45.7  61.0 
Change in fair value of contingent consideration —  0.5  —  3.4 
Other, net 3.9  (0.6) 10.8  (1.1)
Adjusted EBITDA $ 101.8  $ 115.4  $ 296.7  $ 314.5