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SEC Filings

10-Q
NEXEO SOLUTIONS, INC. filed this Form 10-Q on 05/10/2018
Entire Document
 

Nexeo Solutions, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited, in millions, except share amounts and per share data) 
 
Three Months Ended March 31,
 
Six Months Ended March 31,
 
2018
 
2017
 
2018
 
2017
Sales and operating revenues
$
1,041.0

 
$
917.7

 
$
1,970.6

 
$
1,712.5

Cost of sales and operating expenses
925.3

 
815.5

 
1,748.0

 
1,525.9

Gross profit
115.7

 
102.2

 
222.6

 
186.6

Selling, general and administrative expenses
85.9

 
80.0

 
170.7

 
154.5

Transaction related costs

 
0.3

 
0.1

 
1.1

Change in fair value of contingent consideration obligations
12.6

 
10.0

 
(6.0
)
 
20.6

Operating income
17.2

 
11.9

 
57.8

 
10.4

Other income, net
0.4

 
0.2

 
0.5

 
2.6

Interest income (expense)


 
 
 
 
 
 
Interest income
0.1

 
0.1

 
0.2

 
0.2

Interest expense
(12.7
)
 
(12.5
)
 
(25.7
)
 
(24.5
)
Net income (loss) before income taxes
5.0

 
(0.3
)
 
32.8

 
(11.3
)
Income tax expense (benefit)
4.6

 
0.8

 
5.9

 
(1.9
)
Net income (loss) attributable to Nexeo Solutions, Inc.
$
0.4

 
$
(1.1
)
 
$
26.9

 
$
(9.4
)
 
 
 
 
 
 
 
 
Net income (loss) per share available to common stockholders
 
 
 
 
 
 
 
    Basic
$
0.01

 
$
(0.01
)
 
$
0.35

 
$
(0.12
)
    Diluted
$
0.01

 
$
(0.01
)
 
$
0.35

 
$
(0.12
)
Weighted average number of common shares outstanding
 
 
 
 
 
 
 
    Basic
76,795,742

 
76,746,168

 
76,794,618

 
76,746,168

    Diluted
77,281,397

 
76,746,168

 
77,209,536

 
76,746,168


The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.


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