XML 35 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Reporting
3 Months Ended
Oct. 31, 2021
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Reporting Segment Reporting
The Company’s reportable segments are Engine Products and Industrial Products. The Company determines its operating segments consistent with the manner in which it manages its operations and evaluates performance for internal review and decision-making. Corporate and unallocated includes corporate expenses determined to be non-allocable to the segments, such as interest expense and certain incentive compensation.
The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations and sharing of assets. Therefore, the Company does not represent that these segments, if operated independently, would report earnings before income taxes and other financial information shown below.
Segment details were as follows (in millions):
Three Months Ended
October 31,
20212020
Net sales
Engine Products segment$527.2 $436.2 
Industrial Products segment233.7 200.4 
Total Company$760.9 $636.6 
  
Earnings before income taxes
Engine Products segment$72.3 $60.4 
Industrial Products segment38.3 27.5 
Corporate and unallocated(6.5)(5.7)
Total Company$104.1 $82.2 
Net sales by product group were as follows (in millions):
Three Months Ended
October 31,
 20212020
Engine Products segment
Off-Road$93.9 $64.8 
On-Road31.5 32.0 
Aftermarket374.3 317.0 
Aerospace and Defense27.5 22.4 
Total Engine Products segment527.2 436.2 
Industrial Products segment
Industrial Filtration Solutions165.5 135.6 
Gas Turbine Systems16.6 23.0 
Special Applications51.6 41.8 
Total Industrial Products segment233.7 200.4 
Total Company$760.9 $636.6 
Concentrations
There were no customers that accounted for over 10% of net sales for the three months ended October 31, 2021 or 2020. There were no customers that accounted for over 10% of gross accounts receivable as of October 31, 2021 or as of July 31, 2021.