Segment and Geographic Information (Tables)

12 Months Ended

Mar. 31, 2026

Segment and Geographic Information.

Net Sales, Significant Expenses and Assets by Segment


		Year ended March 31, 2026
		Climate			Performance			Corporate and
		Solutions			Technologies			eliminations			Total
External sales		$	2,055.4		$	1,125.7		$	—		$	3,181.1
Inter-segment sales			6.9			6.1			(13.0)			—
Net sales			2,062.3			1,131.8			(13.0)			3,181.1
Cost of sales			1,538.3			927.0			(15.3)			2,450.0
Gross profit			524.0			204.8			2.3			731.1
Selling, general and administrative expenses			194.4			79.1			86.6			360.1
Restructuring expenses			8.5			11.9			0.2			20.6
Impairment charge			—			4.1			—			4.1
Loss on sale of assets			—			—			3.9			3.9
Operating income		$	321.1		$	109.7		$	(88.4)		$	342.4


		Year ended March 31, 2025
		Climate			Performance			Corporate and
		Solutions			Technologies			eliminations			Total
External sales		$	1,440.6		$	1,142.9		$	—		$	2,583.5
Inter-segment sales			0.2			20.6			(20.8)			—
Net sales			1,440.8			1,163.5			(20.8)			2,583.5
Cost of sales			1,024.7			933.1			(18.1)			1,939.7
Gross profit			416.1			230.4			(2.7)			643.8
Selling, general and administrative expenses			161.7			101.9			68.5			332.1
Restructuring expenses			6.0			20.5			1.7			28.2
Operating income		$	248.4		$	108.0		$	(72.9)		$	283.5


		Year ended March 31, 2024
		Climate			Performance			Corporate and
		Solutions			Technologies			eliminations			Total
External sales		$	1,108.1		$	1,299.7		$	—		$	2,407.8
Inter-segment sales			—			21.6			(21.6)			—
Net sales			1,108.1			1,321.3			(21.6)			2,407.8
Cost of sales			811.2			1,091.7			(20.7)			1,882.2
Gross profit			296.9			229.6			(0.9)			525.6
Selling, general and administrative expenses			115.3			105.9			52.7			273.9
Restructuring expenses			3.0			12.0			—			15.0
Gain on sale of assets			—			—			(4.0)			(4.0)
Operating income		$	178.6		$	111.7		$	(49.6)		$	240.7

The following is a summary of segment assets, comprised entirely of trade accounts receivable and inventories, and other assets:


		March 31,
		2026			2025
Assets:
Climate Solutions		$	834.5		$	448.7
Performance Technologies			402.6			371.1
Other (a)			1,437.5			1,097.8
Total assets		$	2,674.6		$	1,917.6
____

(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.

Capital Expenditures and Depreciation and Amortization Expense by Segment

The following is a summary of capital expenditures and depreciation and amortization expense by segment:


		Years ended March 31,
		2026			2025			2024
Capital expenditures:
Climate Solutions		$	113.4		$	53.3		$	52.7
Performance Technologies			28.4			30.2			34.3
Corporate			1.5			0.5			0.7
Total capital expenditures		$	143.3		$	84.0		$	87.7


		Years ended March 31,
		2026			2025			2024
Depreciation and amortization expense:
Climate Solutions		$	47.5		$	48.3		$	26.5
Performance Technologies			30.8			28.7			28.7
Corporate			1.4			0.7			0.9
Total depreciation and amortization expense		$	79.7		$	77.7		$	56.1

Net Sales by Geographic Area

The following is a summary of net sales by geographic area, based upon the location of the selling unit:


		Years ended March 31,
		2026			2025			2024
United States		$	1,676.9		$	1,287.5		$	1,233.7
Canada			332.6			241.7			7.9
Italy			226.8			209.7			242.4
Hungary			213.4			179.8			224.7
United Kingdom			192.7			157.8			135.8
Other			538.7			507.0			563.3
Net sales		$	3,181.1		$	2,583.5		$	2,407.8

Property, Plant and Equipment by Geographic Area

The following is a summary of property, plant and equipment by geographic area:


		March 31,
		2026			2025
United States		$	244.5		$	133.6
Italy			44.2			39.9
Hungary			40.8			38.4
Mexico			39.3			36.5
China			36.6			37.4
Other			115.5			104.7
Total property, plant and equipment		$	520.9		$	390.5