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Segment Information (Tables)
6 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Summary of Consolidated Net Sales and Earnings by Segment

A summary of consolidated net sales and earnings by segment follows:

 

 

Three-Months Ended March 31,

 

 

Six-Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Segment external net sales:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

437,017

 

 

$

372,757

 

 

$

832,702

 

 

$

709,192

 

Industrial

 

 

281,197

 

 

 

214,082

 

 

 

504,131

 

 

 

419,233

 

Total consolidated net sales

 

$

718,214

 

 

$

586,839

 

 

$

1,336,833

 

 

$

1,128,425

 

Segment earnings:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

73,314

 

 

$

59,809

 

 

$

128,748

 

 

$

110,892

 

Industrial

 

 

37,571

 

 

 

17,234

 

 

 

48,973

 

 

 

40,927

 

Nonsegment expenses

 

 

(58,307

)

 

 

(15,250

)

 

 

(82,618

)

 

 

(44,615

)

Interest expense, net

 

 

(12,337

)

 

 

(7,697

)

 

 

(23,113

)

 

 

(15,362

)

Consolidated earnings before income taxes

 

$

40,241

 

 

$

54,096

 

 

$

71,990

 

 

$

91,842

 

Summary of Consolidated Total Assets by Segment

Segment assets consist of accounts receivable, inventories, property, plant, and equipment, net, goodwill, and other intangibles, net. A summary of consolidated total assets by segment follows:

 

 

March 31, 2023

 

 

September 30, 2022

 

Segment assets:

 

 

 

 

 

 

Aerospace

 

$

1,817,510

 

 

$

1,773,854

 

Industrial

 

 

1,510,413

 

 

 

1,380,446

 

Unallocated corporate property, plant and equipment, net

 

 

106,055

 

 

 

111,760

 

Other unallocated assets

 

 

577,555

 

 

 

540,386

 

Consolidated total assets

 

$

4,011,533

 

 

$

3,806,446