2022 Full Year Guidance and Strategic Outlook
14
Reconciliation of Adjusted Operating Profit
($ in Millions)
Consolidated
Three Month Period Ended
April 1, 2022
April 2, 2021
Operating Profit
$
91.5
$
95.1
Amortization of acquisition-related and other intangible assets
23.5
20.6
Restructuring costs and asset impairments A
$
3.7
7.8
Contingent loss reserves B
1.0
International tax credit c
Transaction costs D
(6.5)
3.3
$
116.5
$
123.5
18.5 %
20.2 %
Adjusted Operating Profit
Adjusted Operating Profit as a % of Sales
Specialty Products & Technologies
Operating Profit
$
70.3
$
78.4
Amortization of acquisition-related and other intangible assets
14.7
14.9
Restructuring costs and asset impairments A
4.0
3.4
International tax credit c
(1.7)
-
Contingent loss reserve B
1.0
$
88.3
$
22.2 %
96.7
26.4 %
Adjusted Operating Profit
Adjusted Operating Profit as a % of Sales
Equipment & Consumables
Operating Profit
$
45.5
S
45.0
Amortization of acquisition-related and other intangible assets
8.8
5.7
Restructuring costs and asset impairments A
(0.9)
1.9
International tax credit c
(4.8)
Adjusted Operating Profit
$
48.6
$
52.6
Adjusted Operating Profit as a % of Sales
20.7 %
21.4 %
See the accompanying Notes to Reconciliation of GAAP to Non-GAAP Financial Measures
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