Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.24.2.u1
Segment Reporting (Tables)
6 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
Schedule of financial information by reportable segment

The following table presents financial information by reportable segment:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 29, 2024

 

 

July 1, 2023

 

 

June 29, 2024

 

 

July 1, 2023

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics

 

$

145.7

 

 

$

152.4

 

 

$

288.1

 

 

$

300.1

 

Electronics

 

 

74.2

 

 

 

75.2

 

 

 

143.8

 

 

 

140.7

 

Total

 

$

219.9

 

 

$

227.6

 

 

$

431.9

 

 

$

440.8

 

Operating income

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics

 

$

23.9

 

 

$

27.0

 

 

$

45.7

 

 

$

55.0

 

Electronics

 

 

10.3

 

 

 

12.0

 

 

 

17.4

 

 

 

19.5

 

Corporate and other

 

 

(8.2

)

 

 

(9.5

)

 

 

(16.7

)

 

 

(20.2

)

Total

 

$

26.0

 

 

$

29.5

 

 

$

46.4

 

 

$

54.3

 

Capital expenditures

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics

 

$

6.5

 

 

$

8.0

 

 

$

9.8

 

 

$

14.9

 

Electronics

 

 

1.5

 

 

 

2.5

 

 

 

3.8

 

 

 

4.7

 

Total

 

$

8.0

 

 

$

10.5

 

 

$

13.6

 

 

$

19.6

 

 

 

 

 

June 29, 2024

 

 

December 30, 2023

 

Total assets

 

 

 

 

 

 

Hydraulics

 

$

969.4

 

 

$

976.6

 

Electronics

 

 

600.7

 

 

 

600.0

 

Corporate

 

 

10.8

 

 

 

13.8

 

Total

 

$

1,580.9

 

 

$

1,590.4

 

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

 

 

Six Months Ended

 

 

 

June 29, 2024

 

 

July 1, 2023

 

 

June 29, 2024

 

 

July 1, 2023

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

117.3

 

 

$

123.8

 

 

$

231.2

 

 

$

236.8

 

EMEA

 

 

51.8

 

 

 

58.3

 

 

 

103.8

 

 

 

114.4

 

APAC

 

 

50.8

 

 

 

45.5

 

 

 

96.9

 

 

 

89.6

 

Total

 

$

219.9

 

 

$

227.6

 

 

$

431.9

 

 

$

440.8

 

 

 

 

June 29, 2024

 

 

December 30, 2023

 

Tangible long-lived assets

 

 

 

 

 

 

Americas

 

$

142.2

 

 

$

145.6

 

EMEA

 

 

38.8

 

 

 

37.1

 

APAC

 

 

18.2

 

 

 

19.4

 

Total

 

$

199.2

 

 

$

202.1