Investor Presentaiton
Non-GAAP Financial Measures (cont.)
Adjusted Segment EBITDA Margins
Our management uses "Adjusted Segment EBITDA Margins", along with other factors, to evaluate our segment performance against our peers.
Management believes that investors also use this measure to evaluate our performance relative to our peers. “Adjusted Segment EBITDA Margin" is
calculated for each segment by dividing that segment's Adjusted Segment EBITDA by Adjusted Segment Sales. "Adjusted Segment EBITDA❞ is
calculated for each segment by adding that segment's "Adjusted Segment Income" to its Depreciation, Depletion and Amortization.
Adjusted Earnings Per Diluted Share
We also use the non-GAAP measure "adjusted earnings per diluted share," also referred to as "adjusted earnings per share" or "Adjusted EPS."
Management believes this non-GAAP financial measure provides our board of directors, investors, potential investors, securities analysts and others
with useful information to evaluate our performance because it excludes restructuring and other costs, net, and other specific items that management
believes are not indicative of the ongoing operating results of the business. We and our board of directors use this information to evaluate our
performance relative to other periods.
Forward-looking Guidance
We are not providing forward-looking guidance for U.S. GAAP reported financial measures or a reconciliation of forward-looking non-GAAP financial
measures to the most directly comparable U.S. GAAP measure because it is unable to predict with reasonable certainty the ultimate outcome of
certain significant items without unreasonable effort. These items include, but are not limited to, merger and acquisition-related expenses,
restructuring expenses, asset impairments, litigation settlements, changes to contingent consideration and certain other gains or losses. These items
are uncertain, depend on various factors, and could have a material impact on U.S. GAAP reported results for the guidance period.
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