Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.23.1
Segment Reporting (Tables)
3 Months Ended
Apr. 01, 2023
Segment Reporting [Abstract]  
Schedule of financial information by reportable segment

The following table presents financial information by reportable segment:

 

 

Three Months Ended

 

 

 

April 1, 2023

 

 

April 2, 2022

 

Net sales

 

 

 

 

 

 

Hydraulics

 

$

147.7

 

 

$

137.1

 

Electronics

 

 

65.5

 

 

 

103.4

 

Total

 

$

213.2

 

 

$

240.5

 

Operating income

 

 

 

 

 

 

Hydraulics

 

$

28.0

 

 

$

31.6

 

Electronics

 

 

7.5

 

 

 

20.5

 

Corporate and other

 

 

(10.7

)

 

 

(9.2

)

Total

 

$

24.8

 

 

$

42.9

 

Capital expenditures

 

 

 

 

 

 

Hydraulics

 

$

6.9

 

 

$

3.0

 

Electronics

 

 

2.2

 

 

 

2.6

 

Total

 

$

9.1

 

 

$

5.6

 

 

 

 

April 1, 2023

 

 

December 31, 2022

 

Total assets

 

 

 

 

 

 

Hydraulics

 

$

976.0

 

 

$

874.8

 

Electronics

 

 

565.5

 

 

 

567.1

 

Corporate

 

 

15.3

 

 

 

21.8

 

Total

 

$

1,556.8

 

 

$

1,463.7

 

Schedule of geographic region information Tangible long-lived assets are shown based on the physical location of the assets and primarily include net property, plant and equipment and exclude right-of-use assets. The following table presents financial information by region:

 

 

 

Three Months Ended

 

 

 

April 1, 2023

 

 

April 2, 2022

 

Net sales

 

 

 

 

 

 

Americas

 

$

113.0

 

 

$

120.8

 

EMEA

 

 

56.1

 

 

 

64.7

 

APAC

 

 

44.1

 

 

 

55.0

 

Total

 

$

213.2

 

 

$

240.5

 

 

 

 

April 1, 2023

 

 

December 31, 2022

 

Tangible long-lived assets

 

 

 

 

 

 

Americas

 

$

133.3

 

 

$

105.7

 

EMEA

 

 

32.8

 

 

 

33.1

 

APAC

 

 

18.6

 

 

 

17.7

 

Total

 

$

184.7

 

 

$

156.5