Business Segments (Tables)

3 Months Ended

Mar. 31, 2018

Business Segment Net Sales and Income (Loss) before Income Taxes

Presented below are the net sales and income (loss) before income taxes for the Corporation’s two business segments. Other expense, including corporate costs, for the three months ended March 31, 2018, includes the impact of a favorable contractual settlement with a third party of approximately $2,425 and higher pension and other postretirement benefit income of approximately $1,100. For the three months ended March 31, 2017, other expense, including corporate costs, includes $367 of interest, fees and early termination costs associated with extinguishing the outstanding credit facility and term loan of an acquired entity.

	Three Months Ended March 31,
	2018			2017
Net sales:
Forged and Cast Engineered Products	$	93,908		$	81,702
Air and Liquid Processing		21,169			21,814
Total Reportable Segments	$	115,077		$	103,516
Income (loss) before income taxes:
Forged and Cast Engineered Products	$	876		$	(723	)
Air and Liquid Processing		2,259			2,681
Total Reportable Segments		3,135			1,958
Other expense, including corporate costs		(2,187	)		(6,535	)
Total	$	948		$	(4,577	)

Net sales and income (loss) before income taxes and equity income in joint venture by geographic area for the three months ended March 31, 2018, and 2017, were as follows:

	Three Months Ended March 31,				Three Months Ended March 31,
	2018		2017		2018			2017
United States	$	58,551	$	55,502	$	(2,175	)	$	(4,886	)
Foreign		56,526		48,014		3,123			309
	$	115,077	$	103,516	$	948		$	(4,577	)

Net sales by product line for the three months ended March 31, 2018, and 2017, were as follows:

	Three Months Ended March 31,
	2018		2017
Forged and cast mill rolls	$	67,488	$	64,252
Forged engineered products		26,420		17,451
Heat exchange coils		6,401		6,921
Centrifugal pumps		8,375		10,184
Air handling systems		6,393		4,708
	$	115,077	$	103,516