EX-99.3 4 ex993-093018lpxisreconcili.htm EXHIBIT 99.3 - IS RECONCILIATION Exhibit



Exhibit 99.3 Reconciliation of Adjusted income from continuing operations
(Dollar amounts in millions, except per share amounts)
Quarter Ended
 
September 30, 2018
 
June 30, 2018
 
September 30, 2017
Net income
124.0

 
162.7

 
109.8

Add (deduct):
 
 
 
 
 
Loss from discontinued operations
0.1

 
0.2

 
1.1

Loss on sale or impairment of long-lived assets, net
0.3

 
—

 
0.7

Other operating credits and charges, net
(6.3
)
 
(4.5
)
 
(0.9
)
Reported tax provision
41.8

 
51.2

 
46.4

Normalized tax provision at 25% for 2018 and 35% for 2017
(40.0
)
 
(52.4
)
 
(55.0
)
Adjusted income from continuing operations
$
119.9

 
$
157.2

 
$
102.1

Diluted shares outstanding
143.9

 
146.2

 
146.5

Adjusted income from continuing operations per diluted share
$
0.83

 
$
1.08

 
$
0.70


(Dollar amounts in millions, except per share amounts)
Nine Months Ended
 
September 30, 2018
 
September 30, 2017
Net income
377.6

 
259.2

Add (deduct):
 
 
 
Loss from discontinued operations
4.3

 
1.1

Gain on sale or impairment of long-lived assets, net
(0.3
)
 
(1.8
)
Other operating credits and charges, net
(11.2
)
 
4.5

Reported tax provision
122.7

 
97.9

Normalized tax provision at 25% for 2018 and 35% for 2017
(123.3
)
 
(126.3
)
Adjusted income from continuing operations
$
369.8

 
$
234.6

Diluted shares outstanding
145.6

 
146.3

Adjusted income from continuing operations per diluted share
$
2.54

 
$
1.60