Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 3 Months Ended
Nov. 30, 2012
Segment Information

Note 10. Segment Information

The Company is a global manufacturer of a broad range of industrial products and systems and is organized into four reportable segments: Industrial, Energy, Electrical, and Engineered Solutions. The Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Energy segment provides joint integrity products and services, as well as rope and cable solutions to the global oil & gas, power generation and energy markets. The Electrical segment designs, manufactures and distributes a broad range of electrical products to the retail DIY, wholesale, original equipment manufacturer (“OEM”), solar, utility, marine and other harsh environment markets. The Engineered Solutions segment provides highly engineered position and motion control systems to OEMs in various vehicle markets, as well as a variety of other products to the industrial and agricultural markets.

The following tables summarize financial information by reportable segment and product line (in thousands):

 

     Three Months Ended
November 30,		  
     2012     2011  

Net Sales by Segment:

     

Industrial

    $ 101,122      $ 100,253   

Energy

      90,769        80,421   

Electrical

      69,439        82,833   

Engineered Solutions

      115,918        129,292   
  

 

 

    

 

 

  
   $ 377,248      $ 392,799   
  

 

 

    

 

 

  

Net Sales by Reportable Product Line:

     

Industrial

    $ 101,122      $ 100,253   

Energy

      90,769        80,421   

Electrical

      69,439        82,833   

Vehicle Systems

      61,187        76,363   

Other

      54,731        52,929   
  

 

 

    

 

 

  
   $ 377,248      $ 392,799   
  

 

 

    

 

 

  

Operating Profit:

     

Industrial

    $ 27,006      $ 27,934   

Energy

      15,387        13,217   

Electrical

      7,828        4,977   

Engineered Solutions

      7,625        18,999   

General Corporate

      (6,544 )      (7,846 ) 
  

 

 

    

 

 

  
   $ 51,302      $ 57,281   
  

 

 

    

 

 

  

 

     November 30,
2012		      August 31,
2012		  

Assets:

      

Industrial

    $ 271,607       $ 268,735   

Energy

      545,760         540,409   

Electrical

      444,780         437,914   

Engineered Solutions

      671,372         667,550   

General Corporate

      91,937         92,511   
  

 

 

     

 

 

  
   $ 2,025,456       $ 2,007,119   
  

 

 

     

 

 

  

In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is also impacted by acquisition/divestiture activities and restructuring costs and the related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.