XML 38 R24.htm IDEA: XBRL DOCUMENT v3.24.3
Business segment information
3 Months Ended
Sep. 30, 2024
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 is an aggregation of several business units that design, manufacture, and provide aftermarket support for highly engineered solutions that create value for customers primarily in aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets around the world. Diversified Industrial Segment products are marketed direct to OEMs and independent distributors through field sales employees.
Aerospace Systems - This segment designs, manufactures, and provides aftermarket support for highly engineered airframe and engine solutions for both OEMs and end users. Our components and systems are utilized across commercial transport, defense fixed wing, business jets, regional transport, helicopter and energy applications. Aerospace Systems Segment products are marketed by field sales employees and are sold directly to manufacturers and end users.
Three Months Ended
 September 30,
 20242023
Net sales
Diversified Industrial$3,456,158 $3,618,528 
Aerospace Systems1,447,826 1,228,960 
Total net sales$4,903,984 $4,847,488 
Segment operating income
Diversified Industrial$783,546 $806,754 
Aerospace Systems322,986 226,260 
Total segment operating income1,106,532 1,033,014 
Corporate general and administrative expenses48,794 55,656 
Income before interest expense and other expense, net1,057,738 977,358 
Interest expense113,091 134,468 
Other expense, net69,461 22,455 
Income before income taxes$875,186 $820,435