Segment Information

3 Months Ended

Jun. 30, 2015

Segment Information [Abstract]

Segment Information

Note 17: Segment Information

Effective April 1, 2015, the Company combined its North America and South America segments into the Americas segment, with the objective of streamlining operations to gain synergies and improve its cost structure.  As a result, the Company recast the prior period segment financial information to conform to the current period presentation.  There was no impact to the Company’s consolidated financial statements as a result.

The following is a summary of net sales, gross profit, operating income, and total assets by segment:

	Three months ended June 30,
Net sales:	2015			2014
Americas	$	159.1		$	176.8
Europe		131.2			158.6
Asia		19.3			20.8
Building HVAC		41.3			40.7
Segment total		350.9			396.9
Corporate and eliminations		(4.8	)		(4.4	)
Net sales	$	346.1		$	392.5

	Three months ended June 30,
	2015					2014
Gross profit:	$'s		% of sales			$'s		% of sales
Americas	$	26.7		16.8	%	$	31.6		17.9	%
Europe		15.1		11.5	%		22.2		14.0	%
Asia		3.5		18.1	%		3.6		17.2	%
Building HVAC		11.4		27.7	%		9.9		24.3	%
Segment total		56.7		16.2	%		67.3		17.0	%
Corporate and eliminations		0.3		-			0.4		-
Gross profit	$	57.0		16.5	%	$	67.7		17.2	%

	Three months ended June 30,
Operating income:	2015			2014
Americas	$	9.3		$	15.9
Europe		5.7			10.4
Asia		0.4			0.9
Building HVAC		2.1			3.2
Segment total		17.5			30.4
Corporate and eliminations		(5.9	)		(6.3	)
Operating income	$	11.6		$	24.1

	June 30, 2015		March 31, 2015
Total assets:
Americas	$	271.6	$	277.9
Europe		301.9		283.1
Asia		89.9		92.4
Building HVAC		149.2		131.4
Corporate and eliminations		135.5		146.8
Total assets	$	948.1	$	931.6