SEGMENT INFORMATION

3 Months Ended

Mar. 28, 2020

The Company is comprised of four operating segments are: Commercial Systems, Industrial Systems, Climate Solutions and Power Transmission Solutions.

Commercial Systems segment produces fractional to approximately 5 horsepower AC and DC motors, electronic variable speed controls, fans, and blowers for commercial applications. These products serve markets including commercial building ventilation and HVAC, pool and spa, irrigation, dewatering, agriculture, and general commercial equipment.

Industrial Systems segment produces integral motors, generators, alternators and switchgear for industrial applications, along with aftermarket parts and kits to support such products. These products serve markets including agriculture, marine, mining, oil and gas, food and beverage, data centers, healthcare, prime and standby power, and general industrial equipment.

Climate Solutions segment produces small motors, electronic variable speed controls and air moving solutions serving markets including residential and light commercial HVAC, water heaters and commercial refrigeration.

Power Transmission Solutions segment produces, sells and services belt and chain drives, helical and worm gearing, mounted and unmounted bearings, couplings, modular plastic belts, conveying chains and components, hydraulic pump drives, large open gearing and specialty mechanical products serving markets including beverage, bulk handling, metals, special machinery, energy, aerospace and general industrial.

The Company evaluates performance based on the segment's income from operations. Corporate costs have been allocated to each segment based on the net sales of each segment. The reported external net sales of each segment are from external customers.

The following sets forth certain financial information attributable to the Company's operating segments for the three months ended March 28, 2020 and March 30, 2019 (in millions):



	Three Months Ended
	Commercial Systems			Industrial Systems			Climate Solutions		Power Transmission Solutions		Eliminations			Total
March 28, 2020
External Sales	$	199.4		$	129.6		$	210.1	$	195.1	$	—		$	734.2
Intersegment Sales	11.8			6.7			4.5		0.7		(23.7		)	—
Total Sales	211.2			136.3			214.6		195.8		(23.7		)	734.2
Gross Profit	50.7			22.6			59.4		70.6		—			203.3
Operating Expenses	37.5			22.9			29.4		42.1		—			131.9
Gain on Divestiture of Businesses	(0.1		)	—			—		—		—			(0.1		)
Asset Impairments	0.8			0.2			0.5		—		—			1.5
Income (Loss) from Operations	12.5			(0.5		)	29.5		28.5		—			70.0
Depreciation and Amortization	8.3			5.9			4.7		13.7		—			32.6
Capital Expenditures	3.1			2.0			3.6		2.2		—			10.9

March 30, 2019
External Sales	$	242.2		$	138.1		$	263.3	$	210.2	$	—		$	853.8
Intersegment Sales	10.5			9.4			4.5		5.9		(30.3		)	—
Total Sales	252.7			147.5			267.8		216.1		(30.3		)	853.8
Gross Profit	65.5			23.9			70.7		74.5		—			234.6
Operating Expenses	42.3			27.2			30.5		45.2		—			145.2
(Gain) Loss on Divestitures	(41.3		)	0.1			—		—		—			(41.2		)
Asset Impairments	6.7			0.9			1.3		1.1		—			10.0
Income (Loss) from Operations	57.8			(4.3		)	38.9		28.2		—			120.6
Depreciation and Amortization	9.4			6.1			4.9		13.9		—			34.3
Capital Expenditures	6.7			6.4			2.9		4.2		—			20.2

The following table presents identifiable assets information attributable to the Company's operating segments as of March 28, 2020 and December 28, 2019 (in millions):



	Commercial Systems		Industrial Systems		Climate Solutions		Power Transmission Solutions		Total
Identifiable Assets as of March 28, 2020	$	1,246.9	$	818.4	$	923.5	$	1,597.1	$	4,585.9
Identifiable Assets as of December 28, 2019	$	1,198.5	$	802.8	$	878.3	$	1,551.1	$	4,430.7