Segment Information (Tables)

6 Months Ended

Sep. 30, 2024

Segment Information

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 September 30,
	2024						2023
	External		Inter-segment				External		Inter-segment
	Sales		Sales		Total		Sales		Sales		Total
Net sales:
Climate Solutions	$	366.4	$	—	$	366.4	$	289.2	$	—	$	289.2
Performance Technologies		291.6		5.9		297.5		331.3		6.0		337.3
Segment total		658.0		5.9		663.9		620.5		6.0		626.5
Corporate and eliminations		—		(5.9)		(5.9)		—		(6.0)		(6.0)
Net sales	$	658.0	$	—	$	658.0	$	620.5	$	—	$	620.5

	Six months ended September 30,
	2024						2023
	External		Inter-segment				External		Inter-segment
	Sales		Sales		Total		Sales		Sales		Total
Net sales:
Climate Solutions	$	723.6	$	0.1	$	723.7	$	575.9	$	—	$	575.9
Performance Technologies		595.9		10.6		606.5		667.0		13.4		680.4
Segment total		1,319.5		10.7		1,330.2		1,242.9		13.4		1,256.3
Corporate and eliminations		—		(10.7)		(10.7)		—		(13.4)		(13.4)
Net sales	$	1,319.5	$	—	$	1,319.5	$	1,242.9	$	—	$	1,242.9

	Three months ended September 30,								Six months ended September 30,
	2024				2023				2024				2023
			% of				% of				% of				% of
	$’s		sales		$’s		sales		$’s		sales		$’s		sales
Gross profit:
Climate Solutions	$	106.3	29.0	%	$	76.9	26.6	%	$	207.1	28.6	%	$	152.7	26.5	%
Performance Technologies		60.1	20.2	%		57.6	17.1	%		123.6	20.4	%		109.5	16.1	%
Segment total		166.4	25.1	%		134.5	21.5	%		330.7	24.9	%		262.2	20.9	%
Corporate and eliminations		(0.8)	—			0.6	—			(2.5)	—			0.8	—
Gross profit	$	165.6	25.2	%	$	135.1	21.8	%	$	328.2	24.9	%	$	263.0	21.2	%

	Three months ended September 30,				Six months ended September 30,
	2024		2023		2024		2023
Operating income:
Climate Solutions	$	64.7	$	47.1	$	124.5	$	95.7
Performance Technologies		30.8		31.2		62.3		58.8
Segment total		95.5		78.3		186.8		154.5
Corporate and eliminations		(20.2)		(12.6)		(37.1)		(22.3)
Operating income	$	75.3	$	65.7	$	149.7	$	132.2

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

	September 30, 2024		March 31, 2024
Assets:
Climate Solutions	$	433.0	$	412.7
Performance Technologies		386.4		368.1
Other (a)		1,096.2		1,070.7
Total assets	$	1,915.6	$	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.