Impact of Additional Week on Net Sales
STE
Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
June 30,
2023
For the Quarters Ended
March 31,
2023
($ in millions)
June 24,
2022
connectivity
Net income
Income from discontinued operations
Income tax expense
Other (income) expense, net
Interest expense
Interest income
Operating income
Acquisition-related charges
Restructuring and other charges, net
Adjusted operating income
(1)
Depreciation and amortization
Adjusted EBITDA
(1)
Net sales
Net income as a percentage of net sales
Adjusted EBITDA margin
(1)
$
528
$
433
$
(8)
96
100
594
(2)
116
4
4
(4)
20
20
18
(18)
(12)
(3)
$
630
$
537
$
719
9
8
12
53
119
30
692
664
761
200
207
205
$
892
$
871
$
966
$
3,998
$
4,160
$
13.2 %
10.4 %
22.3 %
20.9 %
4,097
14.5 %
23.6 %
For the Quarters Ended
June 30, 2023
Transportation
Solutions
Industrial
Solutions
Communications
June 24, 2022
Solutions
Total
Transportation
Solutions
Industrial
Solutions
Communications
Solutions
Total
($ in millions)
Operating income
Acquisition-related charges
Restructuring and other charges, net
Adjusted operating income
$
425
$
150
$
55
$
630
$
383
$
165
$
171
$
719
8
1
9
5
6
1
12
27
22
4
53
9
15
6
30
(1)
452
180
60
692
397
186
178
761
Adjusted EBITDA
Depreciation and amortization
(1)
120
56
24
200
137
47
21
205
$
572
$
236
$
84
$
892
$
534
$
233
$
199
$
966
Net sales
$
2,433
$
1,141
$
424
$
3,998
$
2,300
$
1,126
$
671
$
4,097
Operating margin
17.5 %
13.1 %
13.0 %
15.8 %
16.7 %
14.7 %
25.5 %
17.5 %
(1)
Adjusted operating margin
18.6 %
15.8 %
14.2 %
17.3 %
17.3 %
16.5 %
26.5 %
18.6 %
Adjusted EBITDA margin
(1)
23.5 %
20.7 %
19.8 %
22.3 %
23.2 %
20.7 %
29.7 %
23.6 %
(1)
See description of non-GAAP financial measures.
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