Segment Information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Information

Segment Reporting

On January 1, 2022, the Company began management of its portfolio of businesses under a new basis, which is intended to create a simplified reporting structure to provide better focus and allow for resources to be best leveraged for future growth and profitability improvement. The comparative 2021 segment results were reclassified for comparability.

The Company’s reportable segments are based on the Company’s method of internal reporting and are comprised of various product offerings that serve multiple end markets. These results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented. The internal reporting of these operating segments is defined based, in part, on the reporting and review process used by the Company’s Chief Executive Officer. The Company has four operating segments: 1) Off-Road, 2) On-Road, 3) Marine, and 4) Aftermarket which are all reportable segments. The Corporate amounts include revenues and costs of businesses that were divested in 2021, as well as costs that are not allocated to segments, including certain unallocated manufacturing costs.

Segment sales and gross profit data are summarized as follows (in millions):

	Three months ended March 31,
	2022		2021
Sales
Off-Road	$	1,308.7	$	1,278.3
On-Road	219.1		229.3
Marine	211.5		198.7
Aftermarket	217.5		229.8
Corporate	—		15.0
Total sales	$	1,956.8	$	1,951.1
Gross profit
Off-Road	$	251.1	$	337.5
On-Road	37.6		30.0
Marine	46.5		46.4
Aftermarket	54.6		61.3
Corporate	6.5		5.3
Total gross profit	$	396.3	$	480.5