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Segment Information (Tables)
9 Months Ended
Dec. 31, 2024
Segment Information  
Schedule of segment reporting information, by segment

The following is a summary of net sales, gross profit and operating income by segment:

    

Three months ended December 31, 

2024

2023

External

Inter-segment

External

Inter-segment

Sales

    

Sales

    

Total

    

Sales

    

Sales

    

Total

Net sales:

 

  

 

  

 

  

 

  

 

  

 

  

Climate Solutions

$

360.7

$

0.1

$

360.8

$

254.0

$

$

254.0

Performance Technologies

 

256.1

 

6.1

 

262.2

 

307.4

 

3.5

 

310.9

Segment total

 

616.8

 

6.2

 

623.0

 

561.4

 

3.5

 

564.9

Corporate and eliminations

 

 

(6.2)

 

(6.2)

 

 

(3.5)

 

(3.5)

Net sales

$

616.8

$

$

616.8

$

561.4

$

$

561.4

    

Nine months ended December 31, 

2024

2023

External

Inter-segment

External

Inter-segment

Sales

    

Sales

    

Total

    

Sales

    

Sales

    

Total

Net sales:

 

  

 

  

 

  

 

  

 

  

 

  

Climate Solutions

$

1,084.3

$

0.2

$

1,084.5

$

829.9

$

$

829.9

Performance Technologies

 

852.0

 

16.7

 

868.7

 

974.4

 

16.9

 

991.3

Segment total

 

1,936.3

 

16.9

 

1,953.2

 

1,804.3

 

16.9

 

1,821.2

Corporate and eliminations

 

 

(16.9)

 

(16.9)

 

 

(16.9)

 

(16.9)

Net sales

$

1,936.3

$

$

1,936.3

$

1,804.3

$

$

1,804.3

    

Three months ended December 31, 

    

    

Nine months ended December 31, 

    

2024

2023

    

    

2024

2023

    

% of

% of

% of

% of

    

$’s

    

sales

    

$’s

    

sales

    

    

$’s

    

sales

    

$’s

    

sales

    

Gross profit:

Climate Solutions

$

103.1

28.6

%  

$

70.1

27.6

%  

$

310.2

28.6

%  

$

222.8

26.8

%  

Performance Technologies

 

46.7

17.8

%  

 

57.0

18.3

%  

 

170.3

19.6

%  

 

166.5

16.8

%  

Segment total

 

149.8

24.0

%  

 

127.1

22.5

%  

 

480.5

24.6

%  

 

389.3

21.4

%  

Corporate and eliminations

 

(0.2)

 

0.2

 

(2.7)

 

1.0

Gross profit

$

149.6

24.3

%  

$

127.3

22.7

%  

$

477.8

24.7

%  

$

390.3

21.6

%  

Three months ended December 31, 

Nine months ended December 31, 

    

2024

    

2023

    

2024

    

2023

Operating income:

Climate Solutions

$

62.4

$

40.4

$

186.9

$

136.1

Performance Technologies

 

15.8

 

29.5

 

78.1

 

88.3

Segment total

 

78.2

 

69.9

 

265.0

 

224.4

Corporate and eliminations

 

(18.9)

 

(8.2)

 

(56.0)

 

(30.5)

Operating income

$

59.3

$

61.7

$

209.0

$

193.9

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

    

December 31, 2024

    

March 31, 2024

Assets:

  

  

Climate Solutions

$

409.3

$

412.7

Performance Technologies

 

350.4

 

368.1

Other (a)

 

1,070.1

 

1,070.7

Total assets

$

1,829.8

$

1,851.5

____

(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.