Nexeo Solutions, Inc. and Subsidiaries
Segment Information
(Unaudited, in millions)
| Three Months Ended June 30, | |||||||
| 2018 | 2017 | ||||||
| Chemicals | |||||||
| Sales and operating revenues | $ | 494.9 | $ | 443.9 | |||
| Gross profit | 64.9 | 54.3 | |||||
| Plastics | |||||||
| Sales and operating revenues | 512.6 | 466.2 | |||||
| Gross profit | 49.6 | 43.1 | |||||
| Other | |||||||
| Sales and operating revenues | 38.9 | 32.6 | |||||
| Gross profit | 5.7 | 5.3 | |||||
| Consolidated | |||||||
| Sales and operating revenues | 1,046.4 | 942.7 | |||||
| Gross profit | 120.2 | 102.7 | |||||
Nexeo Solutions, Inc. and Subsidiaries
Adjusted Net Income Reconciliation
(Unaudited, in millions except per share data)
|
Three Months Ended
June 30, 2018 |
Three Months Ended
June 30, 2017 | |||||||||||||||
| Amount | Per Share | Amount | Per Share | |||||||||||||
| Net income from continuing operations | $ | 17.5 | $ | 0.23 | $ | 10.2 | $ | 0.13 | ||||||||
| Change in fair value related to contingent consideration obligations | (8.7 | ) | (0.11 | ) | (0.8 | ) | (0.01 | ) | ||||||||
| Management add-backs (1) | 4.5 | 0.06 | 2.2 | 0.03 | ||||||||||||
| Transaction related costs (2) | — | — | 0.2 | — | ||||||||||||
| Non-recurring tax adjustment | 1.4 | 0.02 | — | — | ||||||||||||
| Tax impact | 0.1 | — | 0.8 | 0.01 | ||||||||||||
| Adjusted net income | $ | 14.8 | $ | 0.19 | * | $ | 12.6 | $ | 0.16 | |||||||
Note: Per share amounts based on diluted shares
