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SEC Filings

8-K
NEXEO SOLUTIONS, INC. filed this Form 8-K on 05/09/2017
Entire Document
 
 
Non-GAAP Reconciliation 16 (1) Includes 69 days of operating activities (2) On June 9, 2016, the Board of Directors approved a change in fiscal year end of the Company from December 31 to September 30; The periods above reflect a September 30 fiscal year end of the Successor (3) Includes 22 days of the acquired business’ operating activities (4) See Non-GAAP Reconciliation: Quarterly – Other Operating Expenses, Net Nexeo Solutions, Inc. and Subsidiaries Quarterly Adjusted EBITDA Reconciliation Q2-FY16 Apr. 1-Jun. 8 2016(1) Q2-FY16(2) Q3-FY16(3) Q4-FY16 Q1-FY17 Q2-FY17 Net income (loss) $ 2.1 $ (20.2) $ (1.5) $ (15.5) $ 8.7 $ (8.3) $ (1.1) Net (income) loss from discontinued operations (0.1) - - - - - - Interest expense, net 15.4 11.2 (0.4) 2.9 12.0 11.9 12.4 Income tax expense (benefit) 1.8 1.1 - (1.3) 2.5 (2.7) 0.8 Depreciation and amortization 13.8 10.3 - 4.3 16.3 16.8 17.8 Other operating expenses, net (4) 8.4 29.9 1.9 24.1 6.9 16.1 15.8 Adjusted EBITDA from continuing operations $ 41.4 $ 32.3 $ - $ 14.5 $ 46.4 $ 33.8 $ 45.7 ($ in millions, Unaudited) Predecessor Successor