Goodwill (Tables)

12 Months Ended

Mar. 31, 2026

Goodwill.

Changes in Carrying Value of Goodwill

The Company’s goodwill currently resides entirely within the Climate Solutions segment. The following table presents a roll forward of the carrying value of goodwill from March 31, 2024 to March 31, 2026.

	Climate
	Solutions
Balance, March 31, 2024	$	230.9
Acquisition adjustment (a)		7.4
Effect of exchange rate changes		(4.4)
Balance, March 31, 2025		233.9
Acquisitions (a)		51.8
Effect of exchange rate changes		6.4
Balance, March 31, 2026	$	292.1
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(a) During fiscal 2025, the Company recorded a measurement period adjustment to reduce the fair value of the acquired Scott Springfield Manufacturing trade name. This purchase accounting adjustment resulted in a $7.4 million increase in goodwill. During fiscal 2026, the Company recorded $27.1 million, $23.6 million, and $1.1 million of goodwill in connection with its acquisition of L.B. White, Climate by Design, and AbsolutAire, respectively. See Note 2 for additional information.