| Net Sales, Gross Profit, Operating Income and Assets by Segment |
The following is a summary of net sales, gross profit and operating income by segment:
|
|
Three months ended December 31,
|
|
|
|
2022
|
|
|
2021
|
|
| |
|
External
Sales
|
|
|
Inter-segment
Sales
|
|
|
Total
|
|
|
External
Sales
|
|
|
Inter-segment
Sales
|
|
|
Total
|
|
|
Net sales:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Climate Solutions
|
|
$ |
248.6 |
|
|
$ |
- |
|
|
$ |
248.6 |
|
|
$ |
227.3 |
|
|
$ |
- |
|
|
$ |
227.3 |
|
Performance Technologies
|
|
|
311.4 |
|
|
|
6.4 |
|
|
|
317.8 |
|
|
|
274.9 |
|
|
|
7.1 |
|
|
|
282.0 |
|
|
Segment total
|
|
|
560.0
|
|
|
|
6.4
|
|
|
|
566.4
|
|
|
|
502.2
|
|
|
|
7.1
|
|
|
|
509.3
|
|
|
Corporate and eliminations
|
|
|
-
|
|
|
|
(6.4
|
)
|
|
|
(6.4
|
)
|
|
|
-
|
|
|
|
(7.1
|
)
|
|
|
(7.1
|
)
|
|
Net sales
|
|
|
|
|
|
$
|
-
|
|
|
$
|
560.0
|
|
|
|
|
|
|
$
|
-
|
|
|
$
|
502.2
|
|
| |
|
Nine months
ended December 31,
|
|
| |
|
2022
|
|
|
2021
|
|
| |
|
External
Sales
|
|
|
Inter-segment
Sales
|
|
|
Total
|
|
|
External
Sales
|
|
|
Inter-segment
Sales
|
|
|
Total
|
|
|
Net sales:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Climate Solutions
|
|
$
|
748.6 |
|
|
$
|
0.3 |
|
|
$
|
748.9 |
|
|
$
|
650.8 |
|
|
$
|
0.2 |
|
|
$
|
651.0 |
|
|
Performance Technologies
|
|
|
931.2 |
|
|
|
20.9 |
|
|
|
952.1 |
|
|
|
824.9 |
|
|
|
25.0 |
|
|
|
849.9 |
|
|
Segment total
|
|
|
1,679.8
|
|
|
|
21.2
|
|
|
|
1,701.0
|
|
|
|
1,475.7
|
|
|
|
25.2
|
|
|
|
1,500.9
|
|
|
Corporate and eliminations
|
|
|
-
|
|
|
|
(21.2
|
)
|
|
|
(21.2
|
)
|
|
|
-
|
|
|
|
(25.2
|
)
|
|
|
(25.2
|
)
|
|
Net sales
|
|
$
|
|
|
|
$
|
-
|
|
|
$
|
1,679.8
|
|
|
$
|
|
|
|
$
|
-
|
|
|
$
|
1,475.7
|
|
|
|
Three months ended December 31,
|
|
|
Nine months
ended December 31,
|
|
| |
|
2022
|
|
|
2021
|
|
|
2022
|
|
|
2021
|
|
| |
|
$’s
|
|
% of sales |
|
|
$’s
|
|
% of sales |
|
|
$’s
|
|
% of sales |
|
|
$’s
|
|
% of sales |
|
|
Gross profit:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Climate Solutions |
|
$ |
54.8 |
|
|
|
22.0 |
% |
|
$ |
41.9 |
|
|
|
18.4 |
% |
|
$ |
162.5 |
|
|
|
21.7 |
% |
|
$ |
110.4 |
|
|
|
17.0 |
% |
| Performance Technologies |
|
|
43.0 |
|
|
|
13.5 |
% |
|
|
32.9 |
|
|
|
11.7 |
% |
|
|
115.2 |
|
|
|
12.1 |
% |
|
|
102.6 |
|
|
|
12.1 |
% |
|
Segment total
|
|
|
97.8
|
|
|
|
17.3
|
%
|
|
|
74.8
|
|
|
|
14.7
|
%
|
|
|
277.7
|
|
|
|
16.3
|
%
|
|
|
213.0
|
|
|
|
14.2
|
%
|
|
Corporate and eliminations
|
|
|
(0.2
|
)
|
|
|
-
|
|
|
|
(0.2
|
)
|
|
|
-
|
|
|
|
(0.5
|
)
|
|
|
-
|
|
|
|
1.1
|
|
|
|
-
|
|
|
Gross profit
|
|
$
|
97.6
|
|
|
|
17.4
|
%
|
|
$
|
74.6
|
|
|
|
14.9
|
%
|
|
$
|
277.2
|
|
|
|
16.5
|
%
|
|
$
|
214.1
|
|
|
|
14.5
|
%
|
|
|
Three months ended
December 31,
|
|
|
Nine months
ended
December 31,
|
|
| |
|
2022
|
|
|
2021
|
|
|
2022
|
|
|
2021
|
|
|
Operating income:
|
|
|
|
|
|
|
|
|
|
|
|
|
| Climate Solutions |
|
$
|
30.2 |
|
|
$ |
16.8 |
|
|
$
|
89.9 |
|
|
$
|
41.4 |
|
| Performance Technologies |
|
|
17.4 |
|
|
|
66.1 |
|
|
|
41.1 |
|
|
|
83.9 |
|
|
Segment total
|
|
|
47.6
|
|
|
|
82.9
|
|
|
|
131.0
|
|
|
|
125.3
|
|
|
Corporate and eliminations
|
|
|
(8.1
|
)
|
|
|
(3.5
|
)
|
|
|
(29.1
|
)
|
|
|
(26.7
|
)
|
|
Operating income
|
|
$
|
39.5
|
|
|
$
|
79.4
|
|
|
$
|
101.9
|
|
|
$
|
98.6
|
|
The following is a summary of segment assets, comprised entirely of trade
accounts receivable and inventories, and other assets:
| |
|
December 31, 2022
|
|
|
March 31, 2022
|
|
|
Assets:
|
|
|
|
|
|
|
| Climate Solutions |
|
$
|
307.9 |
|
|
$
|
291.7 |
|
| Performance Technologies |
|
|
353.1 |
|
|
|
357.0 |
|
Other (a)
|
|
|
786.0 |
|
|
|
778.3 |
|
|
Total assets
|
|
$
|
1,447.0
|
|
|
$
|
1,427.0
|
|
| |
(a)
|
Represents cash and cash equivalents,
other current assets, property plant and equipment, intangible assets, goodwill, deferred income taxes, and other noncurrent assets for the Climate Solutions and Performance Technologies segments and Corporate.
|
|