Q2 2022 Earnings Release
Last Twelve Months Adjusted EBITDA Reconciliation
In millions
Pentair plc and Subsidiaries
Reconciliation of Net Income from Continuing Operations to Adjusted EBITDA (Unaudited)
Net income from continuing operations
Third
Quarter
Fourth
Quarter
First
Quarter
Second
Quarter
Last
Twelve
Months
2021
2021
2022
2022
143.7 $
148.6 $
118.5 $
153.0 $
563.8
Adjustments:
Deal-related costs and expenses
2.1
4.1
6.4
1.6
14.2
Restructuring and other
0.1
2.0
2.1
1.1
5.3
Transformation costs
4.0
5.8
5.5
5.2
20.5
Intangible amortization
6.0
6.9
6.6
6.3
25.8
COVID-19 related costs and expenses
0.1
0.2
0.3
Legal accrual adjustments and settlements
(5.2)
(0.7)
0.5
(5.4)
Pension and other post-retirement mark-to-market gain
(2.4)
(2.4)
Inventory step-up
2.3
2.3
Gain on sale of businesses
(1.4)
(1.4)
Russia business exit costs
Net interest expense
Other expense
Provision for income taxes
Segment income
Adjustments:
Depreciation
Adjusted EBITDA
5.9
5.9
2.6
1.0
5.7
9.2
18.5
0.4
0.5
0.6
0.5
2.0
22.1
3.1
21.5
28.5
75.2
179.7 $
166.9 $
172.1 $
205.9 $
724.6
12.8
12.9
$
192.5 $
179.8 $
13.0
185.1 $
13.5
219.4 $
52.2
776.8
20
Q2 2022 Earnings Release. 2022 Pentair. All Rights Reserved.
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