Investor Presentaiton
28
($ in millions, except per share data)
Q1 FY21
Consolidated Results
ADJUSTED NET
INCOME AND
ADJUSTED
EARNINGS PER
DILUTED SHARE
RECONCILIATION
As reported
(1)
COVID-19 relief payments
Restructuring and other items
Pre-Tax
Tax
Net of Tax
EPS
$
202.8
(50.3)
152.5
$
0.57
22.0
(5.4)
16.6
0.06
7.7
(1.9)
5.8
0.02
Loss on extinguishment of debt
1.1
(0.3)
0.8
0.01
Losses at closed plants, transition and start-up costs
0.4
(0.1)
0.3
Accelerated depreciation on major capital projects and certain
plant closures
0.2
0.2
Gain on sale of investment
(14.7)
2.1
(12.6)
(0.05)
Gain on sale of certain closed facilities
(0.9)
0.2
(0.7)
Brazil indirect tax
(0.9)
0.3
(0.6)
Adjustments/Adjusted Results
217.7
(55.4)
$
162.3
0.61
Noncontrolling interests
(0.5)
Adjusted Net Income
161.8
1)
The as reported results for Pre-Tax, Tax, Net of Tax and EPS are equivalent to the line items "Income before income taxes", "Income tax expense",
"Consolidated net income" and "Earnings per diluted share", respectively, as reported on the statements of income.
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