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Adjusted selling, general and administrative. The effective income tax rates for these periods were We use non-GAAP financial measures, such as adjusted EBITDA and adjusted net income, to assess and analyze our operational results and trends and to make financial and operational decisions. Corporate was level with last year, as reduced pension costs offset increases in other expenses. Performance Products gross profit was equal to the prior year as higher average selling prices of copper-based products and higher volumes of copper-based and personal care products were offset by higher products costs of copper-based products.

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Higher gross profit, lower interest expense, net, and a lower effective income tax rate, were the primary contributors to the improvement.

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Changes in operating assets and liabilities and other items. Rekommendationer från Money Machine. Provision benefit for income taxes 4. Ditt meddelande har skickats. We believe these non-GAAP financial measures are also useful to investors because they provide greater transparency regarding our operating performance. The non-GAAP financial measures included in this communication should not be considered alternatives to measurements required by GAAP, such as net income, operating income and earnings per share, and should not be considered measures of liquidity. We encourage investors and potential investors to consult our website regularly for important information about us.

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