Stoneridge: 24 Reconciliations To Us Gaap

The following excerpt is from the company's SEC filing.

25 Reconciliations to US GAAP This document contains information about Stoneridge's financial results which is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). Such non - GAAP financial measures are reconciled to their closest GAAP financial measures in the appendix of this document. The provision of these non - GAAP financial measures for 2017 is not intended to indicate that Stoneridge is explicitly or implicitly providing projections on those non - GAAP financial measures, and actual results for such measures are likely to vary from those presented. Th e reconciliations include all information reasonably available to the Company at the date of this document and the adjustments that management can reasonably predict.

26 Reconciliations to US GAAP Reconciliation of Stoneridge Adjusted Operating Income (USD in millions) Q3 2017 Q3 YTD 2017 Operating Income $13.3 $44.1 Add: Pre-Tax Step-Up in Acquired Inventory from Orlaco - 1.6 Add: Pre-Tax Step-Up in Fair Value of Earn-Out (Orlaco) 1.8 3.9 Add: Pre-Tax Step-Up in Fair Value of Earn-Out (PST) 0.5 0.7 Add: Pre-Tax Transaction Costs Adjustment (Orlaco) - 1.2 Adjusted Operating Income $15.6 $51.6 Reconciliation of Stoneridge Adjusted Gross Profit (USD in millions) Q3 2017 Q3 YTD 2017 Gross Profit $62.6 $187.1 Add: Pre-Tax Step-Up in Acquired Inventory from Orlaco - 1.6 Adjusted Gross Profit $62.6 $188.8 Reconciliation of Q3 Adjusted EBITDA (USD in millions) Q3 2017 Q3 YTD 2017 Q3 2016 Q3 YTD 2016 Income before tax $11.9 $39.7 $10.9 $30.2 Interest expense, net 1.5 4.4 1.7 5.0 Depreciation and amortization 7.1 20.7 6.0 17.1 EBITDA $20.5 $64.8 $18.6 $52.4 Add: Pre-Tax Step-Up in Acquired Inventory from Orlaco - 1.6 - - Add: Pre-Tax Step-Up in Fair Value of Earn-Out (Orlaco) 1.8 3.9 - - Add: Pre-Tax Step-Up in Fair Value of Earn-Out (PST) 0.5 0.7 - - Add: Pre-Tax Transaction Costs Adjustment (Orlaco) - 1.2 - - Adjusted EBITDA $22.8 $72.3 $18.6 $52.4 Reconciliation of 2015 Adjusted EPS 2015 Adjusted EPS $0.82 Add: Non-Cash CEO Retirement Expense 0.08 Add: PST Deferred Tax Valuation Allowance 0.03 2015 Adjusted EPS $0.93 Reconciliation of Q3 YTD 2017 Adjusted EPS (USD in millions) Q3 YTD 2017 Q3 YTD 2017 EPS Net Income Attributable to Stoneridge $26.1 $0.91 Add: After-Tax Step-Up in Acquired Inventory from Orlaco 1.2 0.04 Add: After-Tax Step-Up in Fair Value of Earn-Out (Orlaco) 3.9 0.14 Add: After-Tax Step-Up in Fair Value of Earn-Out (PST) 0.7 0.02 Add: After-Tax Transaction Costs Adjustment (Orlaco) 0.8 0.03 Adjusted Net Income $32.8 $1.14 Reconciliation of 2015 EBITDA (USD in millions) 2015 Income before tax $20.2 Interest expense, net 6.4 Depreciation and amortization 22.4 EBITDA $49.0

The above information was disclosed in a filing to the SEC. To see the filing, click here.

To receive a free e-mail notification whenever Stoneridge makes a similar move, sign up!

Auto Refresh

Feedback