Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition Revenue Recognition (Tables)

v3.20.1
Revenue Recognition Revenue Recognition (Tables)
6 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Disaggregation of revenue

As a result of completing the acquisition of Milacron during the current fiscal year, the Company now sells products in the following additional end markets: custom molders, automotive, consumer goods, packaging, electronics, and construction. The following tables present net revenue by end market, which include reclassifications in the prior year period to conform to the current year presentation:
 
Three Months Ended March 31, 2020
 
Six Months Ended March 31, 2020
 
Process Equipment Group
 
Milacron
 
Batesville
 
Total
 
Process Equipment Group
 
Milacron
 
Batesville
 
Total
End Market
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Plastics
$
206.6

 
$

 
$

 
$
206.6

 
$
408.7

 
$

 
$

 
$
408.7

  Automotive

 
38.1

 

 
38.1

 

 
63.2

 

 
63.2

  Chemicals
24.1

 

 

 
24.1

 
48.4

 

 

 
48.4

  Consumer goods

 
19.3

 

 
19.3

 

 
37.6

 

 
37.6

  Food and pharmaceuticals
17.2

 

 

 
17.2

 
35.2

 

 

 
35.2

  Custom molders

 
21.3

 

 
21.3

 

 
38.1

 

 
38.1

Packaging

 
22.8

 

 
22.8

 

 
36.6

 

 
36.6

Construction

 
14.9

 

 
14.9

 

 
31.8

 

 
31.8

  Minerals and mining
15.4

 

 

 
15.4

 
28.7

 

 

 
28.7

  Electronics

 
14.5

 

 
14.5

 

 
22.8

 

 
22.8

  Death care

 

 
138.8

 
138.8

 

 

 
265.8

 
265.8

  Other industrial
47.8

 
68.1

 

 
115.9

 
96.7

 
102.2

 

 
198.9

    Total
$
311.1

 
$
199.0

 
$
138.8

 
$
648.9

 
$
617.7

 
$
332.3

 
$
265.8

 
$
1,215.8

 
Three Months Ended March 31, 2019
 
Six Months Ended March 31, 2019
 
Process Equipment Group
 
Batesville
 
Total
 
Process Equipment Group
 
Batesville
 
Total
End Market
 
 
 
 
 
 
 
 
 
 
 
  Plastics
$
202.2

 
$

 
$
202.2

 
$
363.1

 
$

 
$
363.1

  Chemicals
22.9

 

 
22.9

 
52.5

 

 
52.5

Food and pharmaceuticals
24.4

 

 
24.4

 
40.9

 

 
40.9

Minerals and mining
22.2

 

 
22.2

 
50.2

 

 
50.2

  Death care

 
137.9

 
137.9

 

 
266.0

 
266.0

  Other industrial
55.0

 

 
55.0

 
102.2

 

 
102.2

    Total
$
326.7

 
$
137.9

 
$
464.6

 
$
608.9

 
$
266.0

 
$
874.9


The following tables present net revenue by products and services:
 
Three Months Ended March 31, 2020
 
Six Months Ended March 31, 2020
 
Process Equipment Group
 
Milacron
 
Batesville
 
Total
 
Process Equipment Group
 
Milacron
 
Batesville
 
Total
Products and Services
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equipment
$
207.9

 
$
99.0

 
$

 
$
306.9

 
$
413.9

 
$
181.2

 
$

 
$
595.1

Parts and services
103.2

 
58.3

 

 
161.5

 
203.8

 
90.5

 

 
294.3

Death care

 

 
138.8

 
138.8

 

 

 
265.8

 
265.8

Other

 
41.7

 

 
41.7

 

 
60.6

 

 
60.6

    Total
$
311.1

 
$
199.0

 
$
138.8

 
$
648.9

 
$
617.7

 
$
332.3

 
$
265.8

 
$
1,215.8


 
Three Months Ended March 31, 2019
 
Six Months Ended March 31, 2019
 
Process Equipment Group
 
Batesville
 
Total
 
Process Equipment Group
 
Batesville
 
Total
Products and Services
 
 
 
 
 
 
 
 
 
 
 
Equipment
$
227.6

 
$

 
$
227.6

 
$
411.0

 
$

 
$
411.0

Parts and services
99.1

 

 
99.1

 
197.9

 

 
197.9

Death care

 
137.9

 
137.9

 

 
266.0

 
266.0

    Total
$
326.7

 
$
137.9

 
$
464.6

 
$
608.9

 
$
266.0

 
$
874.9


The following tables present net revenue by timing of transfer:
 
Three Months Ended March 31, 2020
 
Six Months Ended March 31, 2020
 
Process Equipment Group
 
Milacron
 
Batesville
 
Total
 
Process Equipment Group
 
Milacron
 
Batesville
 
Total
Timing of Transfer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Point in time
$
149.4

 
$
199.0

 
$
138.8

 
$
487.2

 
$
296.7

 
$
332.3

 
$
265.8

 
$
894.8

Over time
161.7

 

 

 
161.7

 
321.0

 

 

 
321.0

    Total
$
311.1

 
$
199.0

 
$
138.8

 
$
648.9

 
$
617.7

 
$
332.3

 
$
265.8

 
$
1,215.8


 
Three Months Ended March 31, 2019
 
Six Months Ended March 31, 2019
 
Process Equipment Group
 
Batesville
 
Total
 
Process Equipment Group
 
Batesville
 
Total
Timing of Transfer
 
 
 
 
 
 
 
 
 
 
 
Point in time
$
176.8

 
$
137.9

 
$
314.7

 
$
340.5

 
$
266.0

 
$
606.5

Over time
149.9

 

 
149.9

 
268.4

 

 
268.4

    Total
$
326.7

 
$
137.9

 
$
464.6

 
$
608.9

 
$
266.0

 
$
874.9