v3.26.1
Segment Information (Tables)
3 Months Ended
Jun. 30, 2026
Segment Information  
Net sales, significant expense and assets by segment

  ​ ​ ​

Three months ended June 30, 2026

  ​ ​ ​

Three months ended June 30, 2025

Corporate

Corporate

Data

Commercial

Performance

and

Data

Commercial

Performance

and

Centers

  ​ ​ ​

HVAC

Technologies

  ​ ​ ​

eliminations

  ​ ​ ​

Total

Centers

HVAC

  ​ ​ ​

Technologies

  ​ ​ ​

eliminations

  ​ ​ ​

Total

External sales

 

$

348.4

$

247.9

$

277.8

$

$

874.1

 

$

183.6

$

213.7

$

285.5

$

$

682.8

Inter-segment sales

 

0.2

13.7

 

 

(13.9)

 

 

0.1

0.5

 

 

(0.6)

 

Net sales

 

348.6

261.6

 

277.8

 

(13.9)

 

874.1

 

183.7

214.2

 

285.5

 

(0.6)

 

682.8

Cost of sales

 

278.3

197.7

229.0

(12.9)

 

692.1

 

129.0

156.0

233.6

(1.2)

 

517.4

Gross profit

70.3

63.9

48.8

(1.0)

182.0

54.7

58.2

51.9

0.6

165.4

Selling, general and administrative expenses

24.0

30.3

19.5

29.5

103.3

19.8

24.9

21.9

18.3

84.9

Restructuring expenses

2.2

1.7

3.9

0.2

1.1

3.5

4.8

Operating income

$

46.3

$

31.4

$

27.6

$

(30.5)

$

74.8

$

34.7

$

32.2

$

26.5

$

(17.7)

$

75.7

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

  ​ ​ ​

June 30, 2026

  ​ ​ ​

March 31, 2026

Assets:

  ​

  ​

Data Centers

$

513.0

$

496.2

Commercial HVAC

358.6

338.3

Performance Technologies

 

397.3

 

402.6

Other (a)

 

1,526.5

 

1,437.5

Total assets

$

2,795.4

$

2,674.6

____

(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 Data Centers, Commercial HVAC and Performance Technologies segments and Corporate.
Schedule of capital expenditures and depreciation and amortization expense by segment

Three months ended June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Capital expenditures:

Data Centers

$

30.9

$

7.1

Commercial HVAC

6.4

12.8

Performance Technologies

 

8.2

 

7.3

Corporate

 

0.9

 

0.3

Total capital expenditures

$

46.4

$

27.5

Three months ended June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Depreciation and amortization expense:

Data Centers

$

5.4

$

5.7

Commercial HVAC

8.0

5.5

Performance Technologies

 

6.9

 

7.5

Corporate

 

0.4

 

0.3

Total depreciation and amortization expense

$

20.7

$

19.0