Revenue

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue

RevenueWe disaggregate our revenue by product line and geographic region of our customer as we believe these metrics best depict how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors. See details in the tables below.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(In millions)
PRODUCT LINE
Supply Technologies	$	159.1	$	134.5	$	459.5	$	406.2
Engineered specialty fasteners and other products	26.8		19.5		71.0		60.5
Supply Technologies Segment	185.9		154.0		530.5		466.7
Fuel, rubber and plastic products	101.1		80.8		294.3		238.2
Aluminum products	51.9		39.4		171.5		117.5
Assembly Components Segment	153.0		120.2		465.8		355.7
Industrial equipment	67.3		62.0		201.1		179.9
Forged and machined products	29.6		22.3		85.4		65.8
Engineered Products Segment	96.9		84.3		286.5		245.7
Total revenues	$	435.8	$	358.5	$	1,282.8	$	1,068.1

	Supply Technologies Segment		Assembly Components Segment		Engineered Products Segment		Total Revenues
	(In millions)
Three Months Ended September 30, 2022
GEOGRAPHIC REGION
United States	$	115.1	$	108.9	$	54.8	$	278.8
Europe	29.2		3.9		19.7		52.8
Asia	18.4		6.4		14.1		38.9
Mexico	19.2		15.1		3.4		37.7
Canada	3.2		18.0		4.5		25.7
Other	0.8		0.7		0.4		1.9
Total	$	185.9	$	153.0	$	96.9	$	435.8
Three Months Ended September 30, 2021
GEOGRAPHIC REGION
United States	$	92.5	$	77.9	$	46.4	$	216.8
Europe	27.9		3.4		14.8		46.1
Asia	14.7		6.6		12.0		33.3
Mexico	15.6		17.8		5.0		38.4
Canada	2.9		14.1		3.5		20.5
Other	0.4		0.4		2.6		3.4
Total	$	154.0	$	120.2	$	84.3	$	358.5

	Supply Technologies Segment		Assembly Components Segment		Engineered Products Segment		Total Revenues
	(In millions)
Nine Months Ended September 30, 2022
GEOGRAPHIC REGION
United States	$	324.7	$	333.0	$	165.6	$	823.3
Europe	91.8		12.9		50.2		154.9
Asia	50.2		15.8		39.1		105.1
Mexico	51.9		43.9		11.4		107.2
Canada	9.3		58.3		14.6		82.2
Other	2.6		1.9		5.6		10.1
Total	$	530.5	$	465.8	$	286.5	$	1,282.8
Nine Months Ended September 30, 2021
GEOGRAPHIC REGION
United States	$	281.4	$	241.8	$	126.7	$	649.9
Europe	84.7		10.7		46.3		141.7
Asia	42.4		19.0		38.5		99.9
Mexico	48.2		38.6		13.4		100.2
Canada	8.6		44.3		12.5		65.4
Other	1.4		1.3		8.3		11.0
Total	$	466.7	$	355.7	$	245.7	$	1,068.1

For over time arrangements, contract liabilities primarily relate to advances or deposits received from the Company’s customers before revenue is recognized. These amounts, which totaled $48.9 million and $51.7 million at September 30, 2022 and December 31, 2021, respectively, are recorded in Accrued expenses and other in the Condensed Consolidated Balance Sheets.

For over time arrangements, contract assets primarily relate to revenue recognized in advance of billings to customers under long-term contracts accounted for under percentage of completion. These amounts, which totaled $46.1 million and $55.0 million at September 30, 2022 and December 31, 2021, respectively, are recorded in Prepaid and other current assets in the Condensed Consolidated Balance Sheets.