v3.26.1
Business Segment Information
 12 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
 
ASC 280 establishes the standards for reporting information about operating segments in financial statements. The Company has one operating and reportable segment for both internal and external reporting purposes.

The Company’s Chief Executive Officer (“CEO”), who is its chief operating decision maker (“CODM”), evaluates the performance of the Company’s operating segment based on Income from operations. The CODM reviews budget-to-actual variances and year over year performance when making operating decisions to allocate resources to the segment.

The significant segment expenses that are regularly provided on a quarterly basis to CODM are cost of products sold, research and development expenses, selling expenses, general and administrative expenses and amortization of intangibles, which are presented on the face of the Consolidated Statements of Operations and included in the calculation of Income from operations.

Financial information relating to the Company’s operations by geographic area is as follows:
 Year Ended March 31,
 202620252024
Net sales:
United States$693,814 $556,972 $591,497 
Germany231,439 217,189 233,797 
Europe, Middle East, and Africa (Excluding Germany)157,906 116,749 112,839 
Canada24,805 17,479 21,431 
Asia Pacific 53,624 22,173 17,877 
Latin America31,863 32,465 36,099 
Total$1,193,451 $963,027 $1,013,540 
Note: Net sales to external customers are attributed to geographic areas based upon the location from which the product was shipped from the Company to the customer.
 Year Ended March 31,
 202620252024
Total assets:
United States$3,234,067 $1,079,209 $1,129,237 
Germany607,561 540,515 553,103 
Europe, Middle East, and Africa (Excluding Germany)576,783 76,831 90,921 
Asia Pacific 277,783 11,821 14,094 
Canada52,275 6,811 9,606 
Latin America36,234 23,601 28,984 
Total$4,784,703 $1,738,788 $1,825,945 

 Year Ended March 31,
 202620252024
Long-lived assets:
United States$2,757,530 $762,328 $781,232 
Germany348,014 398,188 407,136 
Europe, Middle East, and Africa (Excluding Germany)178,482 8,625 8,156 
Asia Pacific 108,831 1,854 2,058 
Canada31,774 1,071 1,190 
Latin America2,179 1,467 2,591 
Total$3,426,810 $1,173,533 $1,202,363 

Note: Long-lived assets include net property, plant, and equipment, goodwill, and other intangibles, net.

Sales by major product group are as follows:Year Ended March 31,
 202620252024
Hoists$557,045 $479,612 $494,726 
Lifting and securement hardware159,824 76,072 74,075 
High-precision conveying systems148,567 154,660 163,462 
Digital power control and delivery systems122,708 110,379 122,344 
Actuators and rotary unions108,125 87,735 97,303 
Industrial cranes59,378 37,113 39,520 
Technology & Specialty Solutions22,985 — — 
Elevator application drive systems14,819 17,456 22,110 
Total$1,193,451 $963,027 $1,013,540