Annual report pursuant to Section 13 and 15(d)

Revenue Recognition

v3.21.2
Revenue Recognition
12 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Net revenue includes gross revenue less sales discounts, customer rebates, sales incentives, and product returns, all of which require the Company to make estimates for the portion of these allowances that have yet to be credited or paid to customers. The Company estimates these allowances using the expected value method, which is based upon historical rates and projections of customer purchases toward contractual rebate thresholds.

Transaction price allocated to the remaining performance obligations

As of September 30, 2021, the aggregate amount of transaction price of remaining performance obligations, which corresponds to backlog, as defined in Part II, Item 7 of this Form 10-K, for the Company was $1,715.0. Approximately 71% of these remaining performance obligations are expected to be satisfied over the next twelve months, and the remaining performance obligations, primarily within one to three years.

Disaggregation of net revenue

The following tables present net revenue by end market:
Year Ended September 30, 2021 Year Ended September 30, 2020
Advanced Process Solutions
Molding Technology Solutions Batesville Total
Advanced Process Solutions
Molding Technology Solutions Batesville Total
End Market  
  Plastics $ 869.2  $ —  $ —  $ 869.2  $ 798.7  $ —  $ —  $ 798.7 
  Automotive —  171.8  —  171.8  —  124.1  —  124.1 
  Chemicals 85.6  —  —  85.6  100.0  —  —  100.0 
  Consumer goods —  156.3  —  156.3  —  110.1  —  110.1 
Food and pharmaceuticals 90.3  —  —  90.3  81.6  —  —  81.6 
  Custom molders —  142.5  —  142.5  —  97.7  —  97.7 
Packaging —  131.5  —  131.5  —  90.6  —  90.6 
Construction —  108.0  —  108.0  —  79.2  —  79.2 
  Minerals and mining 50.5  —  —  50.5  58.2  —  —  58.2 
  Electronics —  72.7  —  72.7  —  58.8  —  58.8 
Medical —  86.0  —  86.0  —  59.8  —  59.8 
  Death care —  —  623.4  623.4  —  —  552.6  552.6 
  Other industrial 150.1  126.9  —  277.0  190.1  115.5  —  305.6 
    Total $ 1,245.7  $ 995.7  $ 623.4  $ 2,864.8  $ 1,228.6  $ 735.8  $ 552.6  $ 2,517.0 
The following tables present net revenue by geographical market:

Year Ended September 30, 2021 Year Ended September 30, 2020
Advanced Process Solutions
Molding Technology Solutions Batesville Total
Advanced Process Solutions
Molding Technology Solutions Batesville Total
Geographical Markets
Americas $ 327.2  $ 532.4  $ 623.4  $ 1,483.0  $ 408.0  $ 406.6  $ 552.6  $ 1,367.2 
Asia 568.3  296.2  —  864.5  494.9  199.2  —  694.1 
Europe, the Middle East, and Africa 350.2  167.1  —  517.3  325.7  130.0  —  455.7 
    Total $ 1,245.7  $ 995.7  $ 623.4  $ 2,864.8  $ 1,228.6  $ 735.8  $ 552.6  $ 2,517.0 

The following tables present net revenue by products and services:
Year Ended September 30, 2021 Year Ended September 30, 2020
Advanced Process Solutions
Molding Technology Solutions Batesville Total
Advanced Process Solutions
Molding Technology Solutions Batesville Total
Products and Services
Equipment $ 862.2  $ 666.0  $ —  $ 1,528.2  $ 826.9  $ 446.0  $ —  $ 1,272.9 
Parts and services 383.5  262.7  —  646.2  401.7  202.0  —  603.7 
Death care —  —  623.4  623.4  —  —  552.6  552.6 
Other —  67.0  —  67.0  —  87.8  —  87.8 
    Total $ 1,245.7  $ 995.7  $ 623.4  $ 2,864.8  $ 1,228.6  $ 735.8  $ 552.6  $ 2,517.0 

The following tables present net revenue by timing of transfer:
Year Ended September 30, 2021 Year Ended September 30, 2020
Advanced Process Solutions
Molding Technology Solutions Batesville Total
Advanced Process Solutions
Molding Technology Solutions Batesville Total
Timing of Transfer
Point in time $ 611.2  $ 993.6  $ 623.4  $ 2,228.2  $ 609.1  $ 735.8  $ 552.6  $ 1,897.5 
Over time 634.5  2.1  —  636.6  619.5  —  —  619.5 
    Total $ 1,245.7  $ 995.7  $ 623.4  $ 2,864.8  $ 1,228.6  $ 735.8  $ 552.6  $ 2,517.0