Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.24.1.u1
Segment Reporting (Tables)
3 Months Ended
Mar. 30, 2024
Segment Reporting [Abstract]  
Schedule of financial information by reportable segment

The following table presents financial information by reportable segment:

 

 

Three Months Ended

 

 

 

 

March 30, 2024

 

 

April 1, 2023

 

 

Net sales

 

 

 

 

 

 

 

Hydraulics

 

$

142.4

 

 

$

147.7

 

 

Electronics

 

 

69.6

 

 

 

65.5

 

 

Total

 

$

212.0

 

 

$

213.2

 

 

Operating income

 

 

 

 

 

 

 

Hydraulics

 

$

21.8

 

 

$

28.0

 

 

Electronics

 

 

7.1

 

 

 

7.5

 

 

Corporate and other

 

 

(8.6

)

 

 

(10.7

)

 

Total

 

$

20.3

 

 

$

24.8

 

 

Capital expenditures

 

 

 

 

 

 

 

Hydraulics

 

$

3.2

 

 

$

6.9

 

 

Electronics

 

 

2.3

 

 

 

2.2

 

 

Total

 

$

5.5

 

 

$

9.1

 

 

 

 

 

March 30, 2024

 

 

December 30, 2023

 

Total assets

 

 

 

 

 

 

Hydraulics

 

$

967.7

 

 

$

976.6

 

Electronics

 

 

599.8

 

 

 

600.0

 

Corporate

 

 

16.1

 

 

 

13.8

 

Total

 

$

1,583.6

 

 

$

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

 

 

 

 

March 30, 2024

 

 

April 1, 2023

 

 

Net sales

 

 

 

 

 

 

 

Americas

 

$

113.9

 

 

$

113.0

 

 

EMEA

 

 

52.0

 

 

 

56.1

 

 

APAC

 

 

46.1

 

 

 

44.1

 

 

Total

 

$

212.0

 

 

$

213.2

 

 

 

 

 

March 30, 2024

 

 

December 30, 2023

 

Tangible long-lived assets

 

 

 

 

 

 

Americas

 

$

144.2

 

 

$

145.6

 

EMEA

 

 

35.9

 

 

 

37.1

 

APAC

 

 

18.5

 

 

 

19.4

 

Total

 

$

198.6

 

 

$

202.1