Business segment information

9 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Business segment information

Business segment information

The Company operates in two reportable business segments: Diversified Industrial and Aerospace Systems. Both segments utilize eight core technologies, including hydraulics, pneumatics, electromechanical, filtration, fluid and gas handling, process control, engineered materials and climate control, to drive superior customer problem solving and value creation.

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 significant international operations. Sales are made directly to major 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 and regional transport, business jet, military, and helicopter markets. The Aerospace Systems Segment provides a full range of systems and components for hydraulic, pneumatic, fuel, oil, actuation, sensing, braking, thermal management, and electric power applications.

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2023		2022		2023		2022
Net sales
Diversified Industrial:
North America	$	2,342,590	$	2,014,715	$	6,615,035	$	5,615,454
International	1,524,515		1,439,357		4,277,227		4,214,972
Aerospace Systems	1,194,560		632,315		3,076,989		1,843,350
Total net sales	$	5,061,665	$	4,086,387	$	13,969,251	$	11,673,776
Segment operating income
Diversified Industrial:
North America	$	489,349	$	413,998	$	1,362,256	$	1,085,117
International	329,498		298,475		908,958		881,206
Aerospace Systems	133,905		119,016		234,849		352,063
Total segment operating income	952,752		831,489		2,506,063		2,318,386
Corporate general and administrative expenses	45,780		57,405		146,341		149,064
Income before interest expense and other expense	906,972		774,084		2,359,722		2,169,322
Interest expense	151,993		63,272		416,718		183,982
Other (income) expense, net	(1,402)		276,823		166,535		489,282
Income before income taxes	$	756,381	$	433,989	$	1,776,469	$	1,496,058