|
2024 |
2023 |
|
(shares in millions) |
Q1 |
Q4 |
Q1 |
Weighted Average Shares Outstanding - Diluted |
18.7 |
18.7 |
18.6 |
Dilutive Effect of Awards under Equity Compensation Plans |
— |
— |
— |
Adjusted Weighted Average Shares Outstanding - Diluted |
18.7 |
18.7 |
18.6 |
Reconciliation of GAAP Net Income (Loss) to Adjusted EBITDA*:
|
2024 |
2023 |
||||||
(dollars in millions) |
Q1 |
Q4 |
Q1 |
|||||
GAAP Net Income (Loss) |
$ |
7.8 |
$ |
23.2 |
|
$ |
(3.5 |
) |
|
|
|
|
|||||
Acquisition & Divestiture Related Costs: |
|
|
|
|||||
Acquisition & Related Integration Costs |
|
— |
|
— |
|
|
0.1 |
|
Dispositions |
|
— |
|
1.1 |
|
|
1.2 |
|
Intangible Amortization |
|
3.1 |
|
3.3 |
|
|
3.3 |
|
(Gain) Loss on Sale or Disposal of PPE |
|
— |
|
(1.9 |
) |
|
— |
|
|
|
|
|
|
|||||
| Restructuring, Business Realignment & Other Cost Saving Initiatives: |
|
|
|
|||||
| Restructuring, Severance, Impairment & Other Related Costs |
|
1.1 |
|
1.4 |
|
|
8.6 |
|
|
|
|
|
|
|||||
| Non-Routine Shareholder Advisory Costs |
|
— |
|
0.6 |
|
|
7.6 |
|
| (Income) Costs Associated with Terminated Merger |
|
— |
|
0.7 |
|
|
1.3 |
|
| UTIS Fire (Recoveries) Charges |
|
— |
|
(23.6 |
) |
|
(0.2 |
) |
| Asbestos-Related Charges (Credits) |
|
— |
|
0.2 |
|
|
— |
|
| Pension Settlement Charges |
|
— |
|
0.1 |
|
|
— |
|
|
|
|
|
|
|||||
| Interest Expense, net |
|
0.8 |
|
1.4 |
|
|
3.5 |
|
| Income Tax Expense (Benefit), net |
|
3.8 |
|
5.4 |
|
|
(0.1 |
) |
| Depreciation |
|
8.2 |
|
7.9 |
|
|
11.3 |
|
| Equity Compensation |
|
3.5 |
|
3.4 |
|
|
2.1 |
|
| Total Adjustments |
$ |
20.5 |
$ |
— |
|
$ |
38.7 |
|
| Adjusted EBITDA |
$ |
28.3 |
$ |
23.4 |
|
$ |
35.1 |
|
| *Values in table may not add due to rounding. |
||||||||
