Reconciliation of GAAP net income to adjusted net income:
(amounts in millions) |
2022 |
2021 |
|||||||||||||
Net income |
Q4 |
Q3 |
YTD |
Q4 |
YTD |
||||||||||
GAAP net income |
$ |
67.3 |
|
$ |
14.8 |
|
$ |
116.6 |
|
$ |
23.1 |
|
$ |
108.1 |
|
|
|
|
|
|
|
||||||||||
Acquisition and related integration costs |
|
0.1 |
|
|
0.1 |
|
|
0.8 |
|
|
2.9 |
|
|
3.9 |
|
Loss/(gain) on sale or disposal of assets |
|
0.5 |
|
|
— |
|
|
0.5 |
|
|
(0.2 |
) |
|
(0.9 |
) |
Asbestos-related charges |
|
0.1 |
|
|
— |
|
|
|
(0.2 |
) |
|
(0.2 |
) |
||
Pension settlement charges |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.5 |
|
| Restructuring, severance, impairment and other related costs |
|
68.6 |
|
|
1.3 |
|
|
71.4 |
|
|
1.5 |
|
|
6.1 |
|
| UTIS fire (recovery)/charges |
|
0.4 |
|
|
(0.6 |
) |
|
(2.4 |
) |
|
1.9 |
|
|
6.1 |
|
| (Income) costs associated with terminated merger |
|
(138.6 |
) |
|
3.4 |
|
|
(120.3 |
) |
|
6.9 |
|
|
6.9 |
|
| Acquisition intangible amortization |
|
3.8 |
|
|
4.1 |
|
|
16.4 |
|
|
4.9 |
|
|
14.3 |
|
| Income tax effect of non-GAAP adjustments and intangible amortization |
|
14.1 |
|
|
(2.0 |
) |
|
6.8 |
|
|
(4.4 |
) |
|
(9.1 |
) |
| Dispositions |
|
3.2 |
|
|
— |
|
|
3.2 |
|
|
— |
|
|
— |
|
| Adjusted net income |
$ |
19.5 |
|
$ |
21.2 |
|
$ |
93.0 |
|
$ |
36.3 |
|
$ |
135.8 |
|
