Arcosa, Inc. Announces Completion of Ameron Acquisition - Seite 3

Reconciliation of Ameron Pro Forma Adjusted EBITDA
(in millions)
(unaudited)

“EBITDA” is defined as net income plus interest, taxes, depreciation, depletion, and amortization. “Pro-Forma Adjusted EBITDA” is defined as Ameron's EBITDA plus pro forma adjustments for non-recurring items. GAAP does not define Pro-Forma Adjusted EBITDA and it should not be considered as an alternative to earnings measures defined by GAAP, including net income. We believe Pro-Forma Adjusted EBITDA assists investors in comparing a company's performance on a consistent basis without regard to depreciation, depletion, amortization, and other items which can vary significantly depending on many factors.

Year Ended

 

December 31, 2023

Net income, before intercompany adjustments

$

14.9

 

Add:

 

Interest expense, net

 

—

 

Provision for income taxes⁽¹⁾

 

—

 

Depreciation and amortization expense

 

4.9

 

EBITDA

 

19.8

 

Add:

 

Inventory revaluation

 

(0.4

)

Other non-recurring

 

0.4

 

Pro Forma Adjusted EBITDA

$