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SEC Filings

8-K
NEXEO SOLUTIONS, INC. filed this Form 8-K on 05/09/2017
Entire Document
 


Nexeo Solutions, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited, in millions, except share and per share data)
 
 
Successor
 
 
Predecessor
 
Three Months Ended 
 March 31, 2017
 
Six Months Ended 
 March 31, 2017
 
 
Three Months Ended 
 March 31, 2016
 
Six Months Ended 
 March 31, 2016
Sales and operating revenues
$
917.7

 
$
1,712.5

 
 
$
862.2

 
$
1,689.9

Cost of sales and operating expenses
815.5

 
1,525.9

 
 
760.9

 
1,493.4

Gross profit
102.2

 
186.6

 
 
101.3

 
196.5

Selling, general and administrative expenses
80.0

 
154.5

 
 
76.7

 
151.4

Transaction related costs
0.3

 
1.1

 
 
6.3

 
7.3

Change in fair value of contingent consideration obligations
10.0

 
20.6

 
 

 

Operating income
11.9

 
10.4

 
 
18.3

 
37.8

Other income, net
0.2

 
2.6

 
 
0.9

 
2.6

Interest income (expense)


 
 
 
 


 
 
Interest income
0.1

 
0.2

 
 
0.1

 
0.1

Interest expense
(12.5
)
 
(24.5
)
 
 
(15.5
)
 
(31.1
)
Net income (loss) from continuing operations before income taxes
(0.3
)
 
(11.3
)
 
 
3.8

 
9.4

Income tax expense (benefit)
0.8

 
(1.9
)
 
 
1.8

 
3.1

Net income (loss) from continuing operations
(1.1
)
 
(9.4
)
 
 
2.0

 
6.3

Net income from discontinued operations, net of tax

 

 
 
0.1

 
0.1

Net Income (Loss) Attributable to Nexeo Solutions, Inc.
$
(1.1
)
 
$
(9.4
)
 
 
$
2.1

 
$
6.4

 
 
 
 
 
 
 
 
 
Net loss per share available to common stockholders
 
 
 
 
 
 
 
 
    Basic and diluted
(0.01
)
 
(0.12
)
 
 
 
 
 
Weighted average number of common shares outstanding
 
 
 
 
 
 
 
 
    Basic and diluted
76,746,168

 
76,746,168