Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2021
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 September 30, Nine Months Ended September 30,
 (dollars in millions) 2021 2020 2021 2020
Net sales:        
Electronics    
Assembly Solutions $ 212.6  $ 155.0  $ 606.7  $ 393.2 
Circuitry Solutions 118.9  101.0  338.7  286.7 
Semiconductor Solutions 67.1  50.8  188.6  149.0 
     Total Electronics 398.6  306.8  1,134.0  828.9 
Industrial & Specialty
Industrial Solutions 161.5  121.0  456.0  330.5 
Graphics Solutions 41.0  33.6  115.7  106.8 
Energy Solutions 15.1  16.1  47.2  50.9 
     Total Industrial & Specialty 217.6  170.7  618.9  488.2 
Total net sales $ 616.2  $ 477.5  $ 1,752.9  $ 1,317.1 
Adjusted EBITDA:        
Electronics $ 92.1  $ 72.0  $ 275.3  $ 196.5 
Industrial & Specialty 39.4  29.8  127.2  100.2 
Total Adjusted EBITDA $ 131.5  $ 101.8  $ 402.5  $ 296.7 
The following table reconciles "Net income attributable to common stockholders" to Adjusted EBITDA:
  Three Months Ended September 30, Nine Months Ended September 30,
 (dollars in millions) 2021 2020 2021 2020
Net income attributable to common stockholders $ 36.0  $ 36.0  $ 199.4  $ 45.8 
Add (subtract):
Net loss attributable to the non-controlling interests (0.1) —  (0.1) — 
Loss (income) from discontinued operations, net of tax —  0.2  (2.0) 1.1 
Income tax expense (benefit) 17.3  (47.3) 16.5  (37.4)
Interest expense, net 13.8  17.1  39.6  50.7 
Depreciation expense 9.6  10.7  28.7  31.7 
Amortization expense 31.9  30.5  92.0  88.8 
EBITDA 108.5  47.2  374.1  180.7 
Adjustments to reconcile to Adjusted EBITDA:
Amortization of inventory step-up 4.3  1.0  6.5  2.4 
Restructuring expense 1.3  1.3  5.2  5.6 
Acquisition and integration expense 7.1  0.4  10.3  8.3 
Foreign exchange loss (gain) on internal debt 0.6  2.3  (22.8) 43.2 
Debt refinancing costs —  45.7  —  45.7 
Adjustment of stock compensation previously not probable (Note 8) 7.6  —  21.2  — 
Other, net 2.1  3.9  8.0  10.8 
Adjusted EBITDA $ 131.5  $ 101.8  $ 402.5  $ 296.7