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Published: 2024-04-12 00:00:00 ET
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EX-99.2 3 a2024q1reseg-8kex992.htm EX-99.2 Document

Exhibit 99.2
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REPORTING SEGMENTS
(Dollars in millions)
(Unaudited)
  Three Months EndedYear
Q1Q2Q3Q4
20232023202320232023
AECO
Segment revenue$288.1 $264.1 $269.6 $288.7 $1,110.5 
Segment operating income$95.4 $62.4 $77.8 $93.4 $329.0 
Segment operating income as a % of segment revenue33.1 %23.6 %28.9 %32.4 %29.6 %
Field Systems
Segment revenue$479.9 $540.6 $495.4 $452.0 $1,967.9 
Segment operating income$137.4 $175.9 $165.0 $125.2 $603.5 
Segment operating income as a % of segment revenue28.6 %32.5 %33.3 %27.7 %30.7 %
Transportation and Logistics
Segment revenue$147.4 $188.9 $192.3 $191.7 $720.3 
Segment operating income$20.3 $26.7 $33.6 $37.6 $118.2 
Segment operating income as a % of segment revenue13.8 %14.1 %17.5 %19.6 %16.4 %
CORPORATE SUMMARY
Segment Revenues:
AECO$288.1 $264.1 $269.6 $288.7 $1,110.5 
Field Systems479.9 540.6 495.4 452.0 1,967.9 
Transportation and Logistics147.4 188.9 192.3 191.7 720.3 
Total Segment Revenue$915.4 $993.6 $957.3 $932.4 $3,798.7 
Segment Operating Income:
AECO$95.4 $62.4 $77.8 $93.4 $329.0 
Field Systems137.4 175.9 165.0 125.2 603.5 
Transportation and Logistics20.3 26.7 33.6 37.6 118.2 
Total segment operating income before corporate allocations$253.1 $265.0 $276.4 $256.2 $1,050.7 
Corporate and Other Charges:
Unallocated Corporate Expense$(27.0)$(34.0)$(25.4)$(29.6)$(116.0)
Purchase accounting adjustments(34.7)(62.1)(58.9)(56.6)(212.3)
Acquisition / divestiture items(7.0)(26.5)(22.0)(16.9)(72.4)
Stock-based compensation / deferred compensation(35.4)(42.1)(37.9)(35.7)(151.1)
Restructuring and other costs(12.0)(6.7)(10.9)(20.5)(50.1)
Consolidated Operating Income137.0 93.6 121.3 96.9 448.8 
Non-operating income (expense) and income taxes(8.2)(49.0)(46.4)(33.9)(137.5)
Net income$128.8 $44.6 $74.9 $63.0 $311.3 


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REPORTING SEGMENTS
(Dollars in millions)
(Unaudited)
  Three Months EndedYear
Q1Q2Q3Q4
20222022202220222022
AECO
Segment revenue$242.9 $221.6 $226.0 $251.2 $941.7 
Segment operating income$77.2 $48.1 $59.8 $74.0 $259.1 
Segment operating income as a % of segment revenue31.8 %21.7 %26.5 %29.5 %27.5 %
Field Systems
Segment revenue$595.9 $574.7 $519.7 $461.0 $2,151.3 
Segment operating income$177.3 $186.6 $165.4 $126.6 $655.9 
Segment operating income as a % of segment revenue29.8 %32.5 %31.8 %27.5 %30.5 %
Transportation and Logistics
Segment revenue$154.9 $144.9 $139.2 $144.3 $583.3 
Segment operating income$8.4 $9.3 $13.2 $18.9 $49.8 
Segment operating income as a % of segment revenue5.4 %6.4 %9.5 %13.1 %8.5 %
CORPORATE SUMMARY
Segment Revenues:
AECO$242.9 $221.6 $226.0 $251.2 $941.7 
Field Systems595.9 574.7 519.7 461.0 2,151.3 
Transportation and Logistics154.9 144.9 139.2 144.3 583.3 
Total Segment Revenue$993.7 $941.2 $884.9 $856.5 $3,676.3 
Segment Operating Income:
AECO$77.2 $48.1 $59.8 $74.0 $259.1 
Field Systems177.3 186.6 165.4 126.6 655.9 
Transportation and Logistics8.4 9.3 13.2 18.9 49.8 
Total segment operating income before corporate allocations$262.9 $244.0 $238.4 $219.5 $964.8 
Corporate and Other Charges:
Unallocated Corporate Expense$(29.8)$(33.3)$(28.5)$(31.7)$(123.3)
Purchase accounting adjustments(34.6)(32.3)(31.0)(33.7)(131.6)
Acquisition / divestiture items(3.9)(7.3)(9.1)(12.5)(32.8)
Stock-based compensation / deferred compensation(25.0)(26.2)(31.7)(29.1)(112.0)
Restructuring and other costs(12.7)(10.0)(15.7)(15.8)(54.2)
Consolidated Operating Income156.9 134.9 122.4 96.7 510.9 
Non-operating income (expense) and income taxes(46.6)33.1 (36.6)(11.1)(61.2)
Net income$110.3 $168.0 $85.8 $85.6 $449.7