Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 6 Months Ended
Feb. 29, 2012
Segment Information [Abstract]  
Segment Information

Note 12. 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, OEM, solar, utility, marine and harsh environment markets. The Engineered Solutions segment provides highly engineered position and motion control systems to OEMs in various on and off-highway 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     Six Months Ended  
     February 29,
2012		     February 28,
2011		     February 29,
2012		     February 28,
2011		  

Net Sales by Segment:

         

Industrial

    $ 98,342      $ 88,935      $ 198,595      $ 176,327   

Energy

      78,937        61,587        159,358        132,330   

Electrical

      77,105        70,176        159,938        125,572   

Engineered Solutions

      123,640        110,000        252,932        214,881   
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 378,024      $ 330,698      $ 770,823      $ 649,110   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net Sales by Reportable Product Line:

         

Industrial

    $ 98,342      $ 88,935      $ 198,595      $ 176,327   

Energy

      78,937        61,587        159,358        132,330   

Electrical

      77,105        70,176        159,938        125,572   

Vehicle Systems

      68,916        79,762        145,280        156,503   

Other

      54,724        30,238        107,652        58,378   
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 378,024      $ 330,698      $ 770,823      $ 649,110   
  

 

 

    

 

 

    

 

 

    

 

 

  

Operating Profit:

         

Industrial

    $ 26,691      $ 20,149      $ 54,624      $ 40,336   

Energy

      11,632        6,792        24,849        18,650   

Electrical

      5,801        4,945        10,778        8,705   

Engineered Solutions

      13,281        13,425        32,280        27,227   

General Corporate

      (7,949 )      (8,265 )      (15,794 )      (16,300 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 49,456      $ 37,046      $ 106,737      $ 78,618   
  

 

 

    

 

 

    

 

 

    

 

 

  

 

     February 29,
2012		      August 31,
2011		  

Assets:

      

Industrial

    $ 275,956       $ 263,680   

Energy

      536,017         517,428   

Electrical

      518,851         547,556   

Engineered Solutions

      622,868         632,242   

General Corporate

      98,195         95,775   
  

 

 

     

 

 

  
   $ 2,051,887       $ 2,056,681   
  

 

 

     

 

 

  

 

In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is impacted by acquisitions. Corporate assets, which are not allocated, principally represent capitalized debt issuance costs, deferred income taxes and the fair value of derivative instruments.