Reportable Segments (Tables)

9 Months Ended

Sep. 26, 2025

Segment Reporting [Abstract]

Summary of Segment Description and Data

The following table describes each segment:

Segment	Product or Services	Primary Markets Served	Geographic Areas
Products	Assembly Weldments Machining Fabrication	Semiconductor	Americas Asia Pacific EMEA
Services	Cleaning Analytics Coating	Semiconductor	Americas Asia Pacific EMEA

Segment Data

	Three Months Ended				Nine Months Ended
(In millions)	September 26, 2025		September 27, 2024		September 26, 2025		September 27, 2024
Revenues:
Products	$	445.0	$	479.0	$	1,356.9	$	1,350.2
Services	65.0		61.4		190.4		184.1
Total segment revenues	$	510.0	$	540.4	$	1,547.3	$	1,534.3
Cost of revenues:
Products	$	380.4	$	403.3	$	1,163.9	$	1,141.2
Services	47.4		43.7		137.8		128.6
Total segment cost of revenues	$	427.8	$	447.0	$	1,301.7	$	1,269.8
Gross profit:
Products	$	64.6	$	75.7	$	193.0	$	209.0
Services	17.6		17.7		52.6		55.5
Total segment gross profit	$	82.2	$	93.4	$	245.6	$	264.5
Operating expenses:
Products
Research and development	$	5.5	$	4.8	$	16.0	$	13.9
Sales and marketing	12.3		11.8		37.0		35.0
General and administrative	38.9		36.7		115.2		104.2
Impairment of goodwill	—		—		77.6		—
Total Products operating expenses	56.7		53.3		245.8		153.1
Services
Research and development	2.4		2.3		7.2		7.2
Sales and marketing	2.7		2.6		8.5		8.0
General and administrative	9.8		10.0		28.9		30.9
Impairment of goodwill	—		—		73.5		—
Total Services operating expenses	14.9		14.9		118.1		46.1
Total segment operating expenses	$	71.6	$	68.2	$	363.9	$	199.2
Segment operating profit (loss):
Products	$	7.9	$	22.4	$	(52.8)	$	55.9
Services	2.7		2.8		(65.5)		9.4
Total segment operating profit (loss)	$	10.6	$	25.2	$	(118.3)	$	65.3
Reconciliation of segment operating profit (loss):
Total segment operating profit	$	10.6	$	25.2	$	(118.3)	$	65.3
Interest income	1.1		1.1		3.0		3.9
Interest expense	(9.9)		(12.0)		(29.9)		(35.8)
Other income (expense), net	(1.2)		(4.1)		(2.5)		9.3
Income (loss) before provision for income taxes	$	0.6	$	10.2	$	(147.7)	$	42.7

Expenditures for segment property, plant and equipment
Products	$	7.5	$	11.9	$	26.4	$	31.9
Services	3.5		3.3		13.8		14.3
Total expenditures for segment assets	$	11.0	$	15.2	$	40.2	$	46.2
Depreciation and amortization
Products	$	12.7	$	12.8	$	37.8	$	38.5
Services	6.3		6.2		18.9		18.5
Total depreciation and amortization	$	19.0	$	19.0	$	56.7	$	57.0
(In millions)					September 26, 2025		December 27, 2024
Assets
Products					$	1,439.3	$	1,657.0
Services					281.2		262.9
Total segment assets					$	1,720.5	$	1,919.9