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Segment Reporting
9 Months Ended
Apr. 30, 2022
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Reporting Segment Reporting
The Company’s reportable segments are Engine Products and Industrial Products. The Company determines its operating segments consistent with the manner in which it manages its operations and evaluates performance for internal review and decision-making. Corporate and unallocated includes corporate expenses determined to be non-allocable to the segments, such as interest expense, restructuring charges and certain incentive compensation.
The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations and sharing of assets. Therefore, the Company does not represent these segments, if operated independently, would report earnings before income taxes as stated below.
Segment details were as follows (in millions):
Three Months Ended
April 30,
Nine Months Ended
April 30,
2022202120222021
Net sales
Engine Products segment$601.0 $531.0 $1,682.3 $1,429.6 
Industrial Products segment252.2 234.0 734.3 651.2 
Total Company$853.2 $765.0 $2,416.6 $2,080.8 
  
Earnings before income taxes
Engine Products segment$89.2 $84.4 $226.5 $206.1 
Industrial Products segment38.8 37.6 114.6 90.9 
Corporate and unallocated(16.7)(11.1)(31.3)(30.0)
Total Company$111.3 $110.9 $309.8 $267.0 
Net sales by business unit were as follows (in millions):
Three Months Ended
April 30,
Nine Months Ended
April 30,
2022202120222021
Engine Products segment
Off-Road$108.2 $95.7 $297.6 $238.4 
On-Road36.1 39.7 100.7 105.0 
Aftermarket425.4 371.4 1,198.1 1,018.7 
Aerospace and Defense31.3 24.2 85.9 67.5 
Total Engine Products segment601.0 531.0 1,682.3 1,429.6 
Industrial Products segment
Industrial Filtration Solutions178.5 163.7 515.2 449.3 
Gas Turbine Systems30.5 25.5 76.7 71.9 
Special Applications43.2 44.8 142.4 130.0 
Total Industrial Products segment252.2 234.0 734.3 651.2 
Total Company$853.2 $765.0 $2,416.6 $2,080.8 
Concentrations
There were no customers that accounted for over 10% of net sales for the three and nine months ended April 30, 2022 or 2021. There were no customers that accounted for over 10% of gross accounts receivable as of April 30, 2022 or as of July 31, 2021.