Business Segment Information

9 Months Ended

Mar. 31, 2019

The Company operates in two reportable business segments: Diversified Industrial and Aerospace Systems.

Diversified Industrial - This segment produces a broad range of motion-control and fluid systems and components used in all kinds of manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural and military machinery and equipment and has a significant portion of international operations. Sales are made directly to major original equipment manufacturers (OEMs) and through a broad distribution network to smaller OEMs and the aftermarket.

Aerospace Systems - This segment designs and manufactures products and provides aftermarket support for commercial, business jet, military and general aviation aircraft, missile and spacecraft markets. The Aerospace Systems Segment provides a full range of systems and components for hydraulic, pneumatic and fuel applications.



	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2019		2018		2019		2018
Net sales
Diversified Industrial:
North America	$	1,750,554	$	1,761,845	$	5,063,657	$	4,921,952
International	1,284,866		1,389,332		3,742,311		3,883,675
Aerospace Systems	652,098		598,414		1,832,889		1,679,288
Total net sales	$	3,687,518	$	3,749,591	$	10,638,857	$	10,484,915
Segment operating income
Diversified Industrial:
North America	$	287,526	$	280,694	$	820,411	$	762,528
International	208,707		205,251		603,886		561,848
Aerospace Systems	134,789		106,653		366,107		271,235
Total segment operating income	631,022		592,598		1,790,404		1,595,611
Corporate general and administrative expenses	32,802		54,138		147,017		142,430
Income before interest expense and other expense	598,220		538,460		1,643,387		1,453,181
Interest expense	48,209		54,145		140,066		160,833
Other expense	20,811		14,488		83,244		87,998
Income before income taxes	$	529,200	$	469,827	$	1,420,077	$	1,204,350