Segment Information (Tables)

3 Months Ended

Mar. 31, 2018

Revenue and earnings from continuing operations by market segment



	Three Months Ended March 31,
	2018			2017
Revenue:
Engineered Systems	$	646,784		$	607,635
Fluids	553,295			525,195
Refrigeration & Food Equipment	338,235			356,834
Energy	383,654			324,088
Intra-segment eliminations	(389		)	(380		)
Total consolidated revenue	$	1,921,579		$	1,813,372
Earnings:
Segment earnings: ⁽¹⁾
Engineered Systems	$	97,864		$	174,398
Fluids	54,511			52,639
Refrigeration & Food Equipment	29,182			33,562
Energy	54,554			41,691
Total segment earnings	236,111			302,290
Corporate expense / other ⁽²⁾	41,605			36,489
Interest expense	35,807			36,409
Interest income	(2,058		)	(2,580		)
Earnings before provision for income taxes	160,757			231,972
Provision for income taxes	29,322			59,725
Net earnings	$	131,435		$	172,247


(1)	Segment earnings includes non-operating income and expense directly attributable to the segments. Non-operating income and expense includes gain on sale of businesses and other expense (income), net.

(2)

Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services costs and various administrative expenses relating to the corporate headquarters. For the three months ended March 31, 2018, one-time transaction costs associated with the Apergy spin-off were $11.7 million.