WTS Investor Presentation
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(M)
(Unaudited)
Net Sales
Operating income - as reported
Operating margin %
Adjustments for special items:
Year
2021
2017
$1,809.2
$1,456.7
$239.6
$162.3
13.2%
11.1%
Footprint optimization / impairment charge
1.0
Restructuring/transformation costs
19.3
9.7
Prof. fees acquisition / earnout adj. / disposal
0.2
$19.3
$10.9
Operating income - as adjusted
$258.9
$173.2
Adjusted operating margin %
14.3%
11.9%
Net income as reported
-
$165.7
$73.1
Adjustments for special items - tax effected:
Footprint optimization / impairment charge
Restructuring / transformation costs
Prof. fees acquisition / earnout adj. / disposal
Tax adjustments
0.6
14.1
6.6
0.1
7.2
23.5
$21.3
$30.8
-
Net income as adjusted
$187.0
$103.9
Earnings per share
Diluted earnings per share - as reported
$4.88
$2.12
Adjustments for special items
0.64
0.90
Diluted earnings per share - as adjusted
$5.52
$3.02
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