SEGMENT INFORMATION

3 Months Ended

Apr. 04, 2026

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company’s segments are reported on the same basis used by our chief operating decision maker (CODM) for evaluating performance and for allocating resources. The Company’s CODM is the President and Chief Executive Officer. The CODM allocates resources based on revenue and operating income primarily through the annual budget and periodic forecasting process. The CODM considers budget-to-actual variances when making decisions about allocating capital and personnel to the segments. As a result of the SPX FLOW acquisition, the Company renamed the Industrial Process segment as Flow Technologies to reflect the expanded scale and capabilities of the combined operations. Our three reportable segments are referred to as Flow Technologies, Motion Technologies and Connect & Control Technologies.

Flow Technologies manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, marine, mining, nutrition and health, and is a provider of pumps, valves, mixers, aftermarket services and parts.

Motion Technologies manufactures brake components, shock absorbers and damping technologies primarily for the global automotive and rail transportation markets.

Connect & Control Technologies manufactures harsh-environment connector solutions, cable assemblies, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and energy markets.

Assets of our reportable segments exclude general corporate assets, which principally consist of cash, investments, deferred taxes, and certain property, plant and equipment. These assets are included within Corporate and Other.

Corporate and Other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, including environmental liabilities, which are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources.

The following table presents our revenue for each segment and reconciles our total segment revenue to total consolidated revenue.

Three Months Ended April 4, 2026	Flow Technologies		Motion Technologies		Connect & Control Technologies		Total
Revenue	$	537.4	$	397.2	$	278.5	$	1,213.1
Other / Eliminations							(1.2)
Consolidated revenue							$	1,211.9
Costs of revenue(a)	329.7		278.1		176.7
Selling, general and administrative expenses(a)	94.8		22.8		36.6
Research and development expenses(a)	7.8		12.7		12.6
Intangible amortization(a)	23.0		0.2		3.4
Segment operating income	$	82.1	$	83.4	$	49.2	$	214.7
Corporate and other							(73.5)
Interest expense							(24.7)
Interest income							10.4
Other non-operating income, net							1.9
Income from continuing operations before income tax							$	128.8

Three Months Ended March 29, 2025	Flow Technologies		Motion Technologies		Connect & Control Technologies		Total
Revenue	$	333.3	$	346.1	$	234.7	$	914.1
Other / Eliminations							(1.1)
Consolidated revenue							$	913.0
Costs of revenue(a)	198.8		239.8		152.3
Selling, general and administrative expenses(a)	59.3		27.1		31.1
Research and development expenses(a)	4.8		11.4		8.3
Intangible amortization(a)	6.9		0.2		7.0
Segment operating income	$	63.5	$	67.6	$	36.0	$	167.1
Corporate and other							(16.2)
Interest expense							(9.3)
Interest income							1.7
Other non-operating income, net							1.0
Income from continuing operations before income tax							$	144.3

(a)The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM.

The following table presents our operating margin for each segment. Segment operating margin is calculated as segment operating income divided by segment revenue.

	Three Months Ended
For the Three Months Ended	April 4, 2026		March 29, 2025
Flow Technologies	15.3	%	19.1	%
Motion Technologies	21.0	%	19.5	%
Connect & Control Technologies	17.7	%	15.3	%

The following table presents our total assets, capital expenditures, and depreciation & amortization expense for each segment.

As of and for the Three Months Ended	Total Assets				Capital Expenditures				Depreciation & Amortization
	April 4, 2026		December 31, 2025		April 4, 2026		March 29, 2025		April 4, 2026		March 29, 2025
Flow Technologies(a)	$	8,137.1	$	1,993.2	$	5.2	$	6.1	$	30.3	$	10.9
Motion Technologies	1,276.5		1,257.3		14.4		27.0		15.5		13.9
Connect & Control Technologies	1,369.5		1,332.5		6.2		3.6		7.6		11.0
Corporate and Other	348.5		1,727.4		0.3		0.1		0.8		1.4
Total(a)	$	11,131.6	$	6,310.4	$	26.1	$	36.8	$	54.2	$	37.2

(a)The increase in total assets is due to the acquisition of SPX FLOW.