Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 9 Months Ended
May 31, 2012
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 other 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 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 May 31,     Nine Months Ended May 31,  
     2012     2011     2012     2011  

Net Sales by Segment:

         

Industrial

    $ 110,102      $ 107,759      $ 308,696      $ 284,086   

Energy

      96,399        78,002        255,758        210,333   

Electrical

      85,947        80,329        245,885        205,901   

Engineered Solutions

      136,767        126,687        389,699        341,567   
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 429,215      $ 392,777      $ 1,200,038      $ 1,041,887   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net Sales by Reportable Product Line:

         

Industrial

    $ 110,102      $ 107,759      $ 308,696      $ 284,086   

Energy

      96,399        78,002        255,758        210,333   

Electrical

      85,947        80,329        245,885        205,901   

Vehicle Systems

      75,417        94,423        220,696        250,926   

Other

      61,350        32,264        169,003        90,641   
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 429,215      $ 392,777      $ 1,200,038      $ 1,041,887   
  

 

 

    

 

 

    

 

 

    

 

 

  

Operating Profit:

         

Industrial

    $ 30,682      $ 29,517      $ 85,307      $ 69,853   

Energy

      18,515        13,545        43,364        32,194   

Electrical

      8,814        5,462        19,592        14,168   

Engineered Solutions

      18,467        19,977        50,747        47,203   

General Corporate

      (8,814 )      (10,500 )      (24,609 )      (26,799 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 67,664      $ 58,001      $ 174,401      $ 136,619   
  

 

 

    

 

 

    

 

 

    

 

 

  
                 May 31, 2012    

August 31,

2011

  
      

 

 

    

 

 

  

Assets:

         

Industrial

        $ 277,918      $ 263,680   

Energy

          532,871        517,428   

Electrical

          506,248        547,556   

Engineered Solutions

          621,197        632,242   

General Corporate

          95,875        95,775   
      

 

 

    

 

 

  
       $ 2,034,109      $ 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.