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Segment and Geographic Information (Tables)

12 Months Ended

Mar. 31, 2025

Segment and Geographic Information [Abstract]

Net Sales, Significant Expenses and Assets by Segment

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Year ended March 31, 2025

​

Climate

​

Performance

Corporate and

​

​

​

Solutions

​

Technologies

​

eliminations

​

Total

External sales

​

$

1,440.6

​

$

1,142.9

​

$

—

​

$

2,583.5

Inter-segment sales

​

0.2

​

20.6

​

(20.8)

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—

Net sales

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1,440.8

​

1,163.5

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(20.8)

​

2,583.5

Cost of sales

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1,024.7

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​

933.1

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​

(18.1)

​

1,939.7

Gross profit

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​

416.1

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​

230.4

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(2.7)

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​

643.8

Selling, general and administrative expenses

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​

161.7

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​

101.9

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​

68.5

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​

332.1

Restructuring expenses

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​

6.0

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​

20.5

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​

1.7

​

​

28.2

Operating income

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$

248.4

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$

108.0

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$

(72.9)

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$

283.5

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​

​

​

​

​

​

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Year ended March 31, 2024

​

Climate

​

Performance

Corporate and

​

​

​

Solutions

​

Technologies

​

eliminations

​

Total

External sales

​

$

1,108.1

​

$

1,299.7

​

$

—

​

$

2,407.8

Inter-segment sales

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—

​

21.6

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(21.6)

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—

Net sales

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1,108.1

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1,321.3

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(21.6)

​

2,407.8

Cost of sales

​

811.2

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​

1,091.7

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​

(20.7)

​

1,882.2

Gross profit

​

​

296.9

​

​

229.6

​

​

(0.9)

​

​

525.6

Selling, general and administrative expenses

​

​

115.3

​

​

105.9

​

​

52.7

​

​

273.9

Restructuring expenses

​

​

3.0

​

​

12.0

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​

-

​

​

15.0

Gain on sale of assets

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​

—

​

​

—

​

​

(4.0)

​

​

(4.0)

Operating income

​

$

178.6

​

$

111.7

​

$

(49.6)

​

$

240.7

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

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Year ended March 31, 2023

​

Climate

​

Performance

Corporate and

​

​

​

Solutions

​

Technologies

​

eliminations

​

Total

External sales

​

$

1,056.1

​

$

1,241.8

​

$

—

​

$

2,297.9

Inter-segment sales

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0.6

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25.7

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(26.3)

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—

Net sales

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1,056.7

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1,267.5

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(26.3)

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2,297.9

Cost of sales

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816.1

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​

1,118.4

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​

(26.0)

​

1,908.5

Gross profit

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​

240.6

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​

149.1

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(0.3)

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​

389.4

Selling, general and administrative expenses

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​

106.2

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​

88.7

​

​

39.1

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​

234.0

Restructuring expenses

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​

2.2

​

​

2.8

​

​

-

​

​

5.0

Operating income

​

$

132.2

​

$

57.6

​

$

(39.4)

​

$

150.4

The following is a summary of segment assets, comprised entirely of trade accounts receivable and inventories, and other assets:

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​	​	​	​	​	​	​
​		March 31,
​		2025			2024
Assets:	​	​		​	​
Climate Solutions	​	$	448.7	​	$	412.7
Performance Technologies	​		371.1	​		368.1
Other (a)	​		1,097.8	​		1,070.7
Total assets	​	$	1,917.6	​	$	1,851.5
____	​	​	​	​	​	​

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(a) Represents cash and cash equivalents, other current assets, property plant and equipment, intangible assets, goodwill, deferred income taxes, and other noncurrent assets for the Climate Solutions and Performance Technologies segments and Corporate.

Capital Expenditures and Depreciation and Amortization Expense by Segment

The following is a summary of capital expenditures and depreciation and amortization expense by segment:

​	​	​	​	​	​	​	​	​	​
​	​	Years ended March 31,
​		2025			2024			2023
Capital expenditures:	​	​	​	​	​	​	​	​	​
Climate Solutions	​	$	53.3	​	$	52.7	​	$	26.3
Performance Technologies	​		30.2	​		34.3	​		23.1
Corporate	​		0.5	​		0.7	​		1.3
Total capital expenditures	​	$	84.0	​	$	87.7	​	$	50.7

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​	​	​	​	​	​	​	​	​	​
​	​	Years ended March 31,
​		2025			2024			2023
Depreciation and amortization expense:	​	​	​	​	​	​	​	​	​
Climate Solutions	​	$	48.3	​	$	26.5	​	$	24.7
Performance Technologies	​		28.7	​		28.7	​		28.8
Corporate	​		0.7	​		0.9	​		1.0
Total depreciation and amortization expense	​	$	77.7	​	$	56.1	​	$	54.5

Net Sales by Geographic Area

The following is a summary of net sales by geographic area, based upon the location of the selling unit:

​	​	​	​	​	​	​	​	​	​
​	​	Years ended March 31,
​		2025			2024			2023
United States	​	$	1,287.5	​	$	1,233.7	​	$	1,139.3
Canada	​	​	241.7	​	​	7.9	​	​	—
Italy	​		209.7	​		242.4	​		249.5
Hungary	​		179.8	​		224.7	​		210.7
United Kingdom	​		157.8	​		135.8	​		93.6
China	​		130.7	​		144.2	​		151.6
Other	​		376.3	​		419.1	​		453.2
Net sales	​	$	2,583.5	​	$	2,407.8	​	$	2,297.9

Property, Plant and Equipment by Geographic Area

The following is a summary of property, plant and equipment by geographic area:

​	​	​	​	​	​	​
​	​	March 31,
​		2025			2024
United States	​	$	133.6	​	$	117.5
Italy	​		39.9	​		33.8
Hungary	​		38.4	​		40.7
China	​		37.4	​		39.4
Mexico	​		36.5	​		35.2
Other	​		104.7	​		99.1
Total property, plant and equipment	​	$	390.5	​	$	365.7

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- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

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-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph b
-SubTopic 10
-Topic 280
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+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
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+ References

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