v3.26.1
Segment Information (Tables)
3 Months Ended
Jun. 30, 2026
Segment Information  
Schedule of net sales and significant expense categories for each of the Company's segments

  ​ ​ ​

Three months ended June 30, 2026

Heavy-Duty

Commercial

Inter-segment

  ​ ​ ​

Equipment

  ​ ​ ​

Vehicle

  ​ ​ ​

Automotive

  ​ ​ ​

eliminations

  ​ ​ ​

Total

External sales

$

132.7

$

81.0

$

64.1

$

$

277.8

Inter-segment sales

 

5.4

 

0.9

 

0.9

 

(7.2)

 

Net sales

 

138.1

 

81.9

 

65.0

 

(7.2)

 

277.8

Cost of sales

 

115.8

 

62.0

 

58.6

 

(7.2)

 

229.2

Gross profit

 

22.3

 

19.9

 

6.4

 

 

48.6

Selling, general and administrative expenses

 

13.2

 

7.4

 

6.9

 

 

27.5

Restructuring expenses

 

1.2

 

0.5

 

 

 

1.7

Operating income (loss)

$

7.9

$

12.0

$

(0.5)

$

$

19.4

  ​ ​ ​

Three months ended June 30, 2025

Heavy-Duty

Commercial

Inter-segment

  ​ ​ ​

Equipment

  ​ ​ ​

Vehicle

  ​ ​ ​

Automotive

  ​ ​ ​

eliminations

  ​ ​ ​

Total

External sales

$

132.7

$

86.9

$

65.9

$

$

285.5

Inter-segment sales

 

3.2

 

2.8

 

0.6

 

(6.6)

 

Net sales

 

135.9

 

89.7

 

66.5

 

(6.6)

 

285.5

Cost of sales

 

109.7

 

72.4

 

57.3

 

(6.6)

 

232.8

Gross profit

 

26.2

 

17.3

 

9.2

 

 

52.7

Selling, general and administrative expenses

 

12.4

 

9.7

 

6.7

 

 

28.8

Restructuring expenses

 

2.4

 

0.9

 

0.2

 

 

3.5

Operating income

$

11.4

$

6.7

$

2.3

$

$

20.4

Summary of segment assets

  ​ ​ ​

June 30, 2026

  ​ ​ ​

March 31, 2026

Assets:

 

  ​

 

  ​

Heavy-Duty Equipment

$

204.7

$

215.0

Commercial Vehicle

 

123.1

 

116.2

Automotive

 

69.6

 

71.6

Other (a)

 

317.1

 

413.0

Total assets

$

714.5

$

815.8

____

(a)Represents cash and cash equivalents, related party notes receivable, due from related party, other current assets, property plant and equipment, deferred income taxes, other noncurrent assets, and noncurrent related party notes receivable.
Summary of capital expenditures and depreciation expense by segment

  ​ ​ ​

Three months ended June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Capital expenditures:

  ​

 

  ​

Heavy-Duty Equipment

$

5.2

$

1.4

Commercial Vehicle

 

2.0

 

3.2

Automotive

 

1.4

 

2.7

Total capital expenditures

$

8.6

$

7.3

  ​ ​ ​

Three months ended June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Depreciation expense:

  ​

 

  ​

Heavy-Duty Equipment

$

3.3

$

3.5

Commercial Vehicle

 

1.5

 

1.7

Automotive

 

2.2

 

2.5

Total depreciation expense

$

7.0

$

7.7