Segment Information (Tables)

3 Months Ended

Jun. 30, 2024

Segment Information [Abstract]

Net Sales, Gross Profit, Operating Income and Assets by Segment

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

	Three months ended June 30,
	2024								2023
	External Sales		Inter-segment Sales			Total			External Sales		Inter-segment Sales			Total
Net sales:
Climate Solutions	$	357.2	$	0.1		$	357.3		$	286.7	$	-		$	286.7
Performance Technologies		304.3		4.7			309.0			335.7		7.4			343.1
Segment total		661.5		4.8			666.3			622.4		7.4			629.8
Corporate and eliminations		-		(4.8	)		(4.8	)		-		(7.4	)		(7.4	)
Net sales	$	661.5	$	-		$	661.5		$	622.4	$	-		$	622.4

	Three months ended June 30,
	2024						2023
	_$’s			% of sales			_$’s		% of sales
Gross profit:
Climate Solutions	$	100.8			28.2	%	$	75.8		26.4	%
Performance Technologies		63.5			20.6	%		51.9		15.1	%
Segment total		164.3			24.7	%		127.7		20.3	%
Corporate and eliminations		(1.7	)		-			0.2		-
Gross profit	$	162.6			24.6	%	$	127.9		20.6	%

	Three months ended June 30,
	2024			2023
Operating income:
Climate Solutions	$	59.8		$	48.6
Performance Technologies		31.5			27.6
Segment total		91.3			76.2
Corporate and eliminations		(16.9	)		(9.7	)
Operating income	$	74.4		$	66.5

The following is a summary of segment assets, comprised entirely of trade accounts receivable and inventories, and other assets:

	June 30, 2024		March 31, 2024
Assets:
Climate Solutions	$	411.5	$	412.7
Performance Technologies		376.6		368.1
Other (a)		1,078.3		1,070.7
Total assets	$	1,866.4	$	1,851.5

(a) Represents cash and cash equivalents, other current assets, property plant and equipment, intangible assets, goodwill, deferred income taxes, and other noncurrent assets for the Climate Solutions and Performance Technologies segments and Corporate.