Business Segment Information
ASC 280 establishes the standards for reporting information about operating segments in financial statements. The Company has one operating and reportable segment for both internal and external reporting purposes.
The Company’s Chief Executive Officer (“CEO”), who is its chief operating decision maker (“CODM”), evaluates the performance of the Company’s operating segment based on Income from operations. The CODM reviews budget-to-actual variances and year over year performance when making operating decisions to allocate resources to the segment.
The significant segment expenses that are regularly provided on a quarterly basis to CODM are cost of products sold, research and development expenses, selling expenses, general and administrative expenses and amortization of intangibles, which are presented on the face of the Consolidated Statements of Operations and included in the calculation of Income from operations.
Financial information relating to the Company’s operations by geographic area is as follows:
| | | | | | | | | | | | | | | | | | | | |
| | | Year Ended March 31, |
| | | 2026 | | 2025 | | 2024 |
| Net sales: | | | | | | |
| United States | | $ | 693,814 | | | $ | 556,972 | | | $ | 591,497 | |
| Germany | | 231,439 | | | 217,189 | | | 233,797 | |
| Europe, Middle East, and Africa (Excluding Germany) | | 157,906 | | | 116,749 | | | 112,839 | |
| Canada | | 24,805 | | | 17,479 | | | 21,431 | |
| Asia Pacific | | 53,624 | | | 22,173 | | | 17,877 | |
| Latin America | | 31,863 | | | 32,465 | | | 36,099 | |
| Total | | $ | 1,193,451 | | | $ | 963,027 | | | $ | 1,013,540 | |
Note: Net sales to external customers are attributed to geographic areas based upon the location from which the product was shipped from the Company to the customer.
| | | | | | | | | | | | | | | | | | | | |
| | | Year Ended March 31, |
| | | 2026 | | 2025 | | 2024 |
| Total assets: | | | | | | |
| United States | | $ | 3,234,067 | | | $ | 1,079,209 | | | $ | 1,129,237 | |
| Germany | | 607,561 | | | 540,515 | | | 553,103 | |
| Europe, Middle East, and Africa (Excluding Germany) | | 576,783 | | | 76,831 | | | 90,921 | |
| Asia Pacific | | 277,783 | | | 11,821 | | | 14,094 | |
| Canada | | 52,275 | | | 6,811 | | | 9,606 | |
| Latin America | | 36,234 | | | 23,601 | | | 28,984 | |
| Total | | $ | 4,784,703 | | | $ | 1,738,788 | | | $ | 1,825,945 | |
| | | | | | | | | | | | | | | | | | | | |
| | | Year Ended March 31, |
| | | 2026 | | 2025 | | 2024 |
| Long-lived assets: | | | | | | |
| United States | | $ | 2,757,530 | | | $ | 762,328 | | | $ | 781,232 | |
| Germany | | 348,014 | | | 398,188 | | | 407,136 | |
| Europe, Middle East, and Africa (Excluding Germany) | | 178,482 | | | 8,625 | | | 8,156 | |
| Asia Pacific | | 108,831 | | | 1,854 | | | 2,058 | |
| Canada | | 31,774 | | | 1,071 | | | 1,190 | |
| Latin America | | 2,179 | | | 1,467 | | | 2,591 | |
| Total | | $ | 3,426,810 | | | $ | 1,173,533 | | | $ | 1,202,363 | |
Note: Long-lived assets include net property, plant, and equipment, goodwill, and other intangibles, net.
| | | | | | | | | | | | | | | | | | | | |
| Sales by major product group are as follows: | | Year Ended March 31, |
| | | 2026 | | 2025 | | 2024 |
| Hoists | | $ | 557,045 | | | $ | 479,612 | | | $ | 494,726 | |
| Lifting and securement hardware | | 159,824 | | | 76,072 | | | 74,075 | |
| High-precision conveying systems | | 148,567 | | | 154,660 | | | 163,462 | |
| Digital power control and delivery systems | | 122,708 | | | 110,379 | | | 122,344 | |
| Actuators and rotary unions | | 108,125 | | | 87,735 | | | 97,303 | |
| Industrial cranes | | 59,378 | | | 37,113 | | | 39,520 | |
| Technology & Specialty Solutions | | 22,985 | | | — | | | — | |
| Elevator application drive systems | | 14,819 | | | 17,456 | | | 22,110 | |
| Total | | $ | 1,193,451 | | | $ | 963,027 | | | $ | 1,013,540 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.