Business Segment Information

3 Months Ended

Sep. 30, 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
	September 30,
	2019		2018
Net sales
Diversified Industrial:
North America	$	1,624,605	$	1,681,044
International	1,078,850		1,233,766
Aerospace Systems	631,056		564,484
Total net sales	$	3,334,511	$	3,479,294
Segment operating income
Diversified Industrial:
North America	$	275,192	$	275,111
International	168,573		206,094
Aerospace Systems	122,980		109,855
Total segment operating income	566,745		591,060
Corporate general and administrative expenses	48,902		50,325
Income before interest expense and other expense	517,843		540,735
Interest expense	69,956		44,339
Other expense	14,731		36,673
Income before income taxes	$	433,156	$	459,723