Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.24.3
Segment Reporting (Tables)
9 Months Ended
Sep. 28, 2024
Segment Reporting [Abstract]  
Schedule of financial information by reportable segment

The following table presents financial information by reportable segment:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 28, 2024

 

 

September 30, 2023

 

 

September 28, 2024

 

 

September 30, 2023

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics

 

$

129.4

 

 

$

132.0

 

 

$

417.5

 

 

$

432.1

 

Electronics

 

 

65.1

 

 

 

69.4

 

 

 

208.9

 

 

 

210.1

 

Total

 

$

194.5

 

 

$

201.4

 

 

$

626.4

 

 

$

642.2

 

Operating income

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics

 

$

24.2

 

 

$

18.4

 

 

$

69.9

 

 

$

73.3

 

Electronics

 

 

6.8

 

 

 

4.2

 

 

 

24.2

 

 

 

23.8

 

Corporate and other

 

 

(8.8

)

 

 

(8.8

)

 

 

(25.6

)

 

 

(29.1

)

Total

 

$

22.2

 

 

$

13.8

 

 

$

68.5

 

 

$

68.0

 

Capital expenditures

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics

 

$

4.1

 

 

$

4.5

 

 

$

13.9

 

 

$

19.5

 

Electronics

 

 

1.9

 

 

 

1.3

 

 

 

5.7

 

 

 

6.0

 

Total

 

$

6.0

 

 

$

5.8

 

 

$

19.6

 

 

$

25.5

 

 

 

 

September 28, 2024

 

 

December 30, 2023

 

Total assets

 

 

 

 

 

 

Hydraulics

 

$

981.4

 

 

$

976.6

 

Electronics

 

 

583.7

 

 

 

600.0

 

Corporate

 

 

6.6

 

 

 

13.8

 

Total

 

$

1,571.7

 

 

$

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

 

 

Nine Months Ended

 

 

 

September 28, 2024

 

 

September 30, 2023

 

 

September 28, 2024

 

 

September 30, 2023

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

103.0

 

 

$

115.1

 

 

$

334.2

 

 

$

351.9

 

EMEA

 

 

43.2

 

 

 

44.5

 

 

 

147.0

 

 

 

158.9

 

APAC

 

 

48.3

 

 

 

41.8

 

 

 

145.2

 

 

 

131.4

 

Total

 

$

194.5

 

 

$

201.4

 

 

$

626.4

 

 

$

642.2

 

 

 

 

September 28, 2024

 

 

December 30, 2023

 

Tangible long-lived assets

 

 

 

 

 

 

Americas

 

$

140.4

 

 

$

145.6

 

EMEA

 

 

39.7

 

 

 

37.1

 

APAC

 

 

19.1

 

 

 

19.4

 

Total

 

$

199.2

 

 

$

202.1