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Segment Information (Tables)
9 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Summary of Consolidated Net Sales and Earnings by Segment

A summary of consolidated net sales and earnings by segment follows:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Segment external net sales:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

480,531

 

 

$

401,712

 

 

$

1,313,233

 

 

$

1,110,904

 

Industrial

 

 

320,132

 

 

 

212,620

 

 

 

824,263

 

 

 

631,853

 

Total consolidated net sales

 

$

800,663

 

 

$

614,332

 

 

$

2,137,496

 

 

$

1,742,757

 

Segment earnings:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

83,075

 

 

$

56,566

 

 

$

211,823

 

 

$

167,458

 

Industrial

 

 

58,197

 

 

 

21,102

 

 

 

107,170

 

 

 

62,029

 

Nonsegment expenses

 

 

(23,875

)

 

 

(19,201

)

 

 

(106,493

)

 

 

(63,816

)

Interest expense, net

 

 

(11,659

)

 

 

(8,180

)

 

 

(34,772

)

 

 

(23,542

)

Consolidated earnings before income taxes

 

$

105,738

 

 

$

50,287

 

 

$

177,728

 

 

$

142,129

 

Summary of Consolidated Total Assets by Segment

Segment assets consist of accounts receivable; inventories; property, plant, and equipment, net; goodwill; and other intangibles, net. A summary of consolidated total assets by segment follows:

 

 

June 30, 2023

 

 

September 30, 2022

 

Segment assets:

 

 

 

 

 

 

Aerospace

 

$

1,819,068

 

 

$

1,773,854

 

Industrial

 

 

1,523,239

 

 

 

1,380,446

 

Unallocated corporate property, plant and equipment, net

 

 

104,417

 

 

 

111,760

 

Other unallocated assets

 

 

562,839

 

 

 

540,386

 

Consolidated total assets

 

$

4,009,563

 

 

$

3,806,446