Investor Presentaiton
13|
Notes to Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP MEASURES (UNAUDITED)
See "Notes to Non-GAAP Financial Measures" (Slide 12-14), "Cautionary Statement"
(Slide 2) and West's Q1 2018 press release for an explanation and reconciliation of these
items.
Reconciliation of Reported and Adjusted Operating Profit, Net Income and Diluted EPS
Three months ended March 31, 2018
Reported (GAAP)
Restructuring and related charges
Tax law changes
Adjusted (Non-GAAP)
($ million, except EPS data)
Operating
profit
Income tax
Net
Diluted
expense
income
EPS
$53.4
$12.5
$43.6
$0.58
3.3
0.6
2.7
0.03
(0.3)
0.3
0.01
$56.7
$12.8
$46.6
$0.62
Reconciliation of Net Sales to Net Sales at Constant Currency (1)
($ million, except EPS data)
Three months ended March 31, 2018
Reported net sales (GAAP)
Effect of changes in currency translation rates
Net sales at constant currency (Non-GAAP) (1)
Proprietary
CM
Eliminations
Total
$326.2
$89.5
$
$415.7
(23.2)
(4.1)
(27.3)
$303.0
$85.4
-
$388.4
(1) Net sales at constant currency translates the current-period reported sales of subsidiaries whose functional currency is
other than the U.S. Dollar at the applicable foreign exchange rates in effect during the comparable prior-year period.
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