Revenue (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of revenue disaggregated by Group, end customer geographical location and timing of recognition

The following table present the Company’s revenues by Segment (in millions):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Revenue by Segment:
BSI BioSpin	$	233.0		$	198.3		$	633.3		$	540.6
BSI CALID		279.4			239.3			772.9			703.2
BSI NANO		287.1			238.7			780.0			673.4
BEST		68.7			70.6			210.9			205.5
Eliminations (a)		(3.8	)		(4.1	)		(10.3	)		(12.7	)
Total revenue	$	864.4		$	742.8		$	2,386.8		$	2,110.0

(a)Represents product and service revenue between reportable segments.

Revenue for the Company recognized at a point in time versus over time is as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Revenue recognized at a point in time	$	741.5	$	643.1	$	2,036.5	$	1,828.5
Revenue recognized over time		122.9		99.7		350.3		281.5
Total revenue	$	864.4	$	742.8	$	2,386.8	$	2,110.0

The following table presents the Company’s revenue by End Customer Geography (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Revenue by End Customer Geography:
United States	$	239.0	$	211.1	$	677.5	$	565.5
Germany		74.3		78.0		224.6		202.1
Rest of Europe		215.6		174.0		586.0		495.0
China		121.3		136.7		357.4		360.8
Rest of Asia Pacific		141.1		92.6		354.3		332.0
Other		73.1		50.4		187.0		154.6
Total revenue	$	864.4	$	742.8	$	2,386.8	$	2,110.0