Segment Financial Information
Year ended December 31 (In millions, except percentages; unaudited) | 2012 | 2011 | Change |
---|---|---|---|
Sales |
|||
Flow Control | $1,095.3 | $1,060.8 | 3% |
Controls | 726.7 | 709.2 | 2% |
Surface Technologies | 275.7 | 246.8 | 12% |
Total Sales | $2,097.7 | $2,016.7 | 4% |
Operating Income |
|||
Flow Control | $78.8 | $103.4 | (24%) |
Controls | 86.5 | 75.4 | 15% |
Surface Technologies | 27.5 | 31.5 | (13%) |
Total Segments | $192.8 | $210.3 | (8%) |
Corporate and Other | (31.3) | (23.5) | (34%) |
Total Operating Income | $161.4 | $186.9 | (14%) |
Operating Margins |
|||
Flow Control | 7.2% | 9.7% | (250) bps |
Controls | 11.9% | 10.6% | 130 bps |
Surface Technologies | 10.0% | 12.8% | (280) bps |
Total Segments | 9.2% | 10.4% | (120) bps |
Consolidated Margin | 7.7% | 9.3% | (160) bps |
Note: Amounts may not add to the total due to rounding. |