SEGMENT INFORMATION (Table)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment

Operating results by reportable segment were as follows:

	Three Months Ended
	March 31,
(In thousands)	2025		2024
Net sales
Aerospace & Industrial	$	227,440	$	219,547
Defense Electronics	245,719		212,483
Naval & Power	333,356		282,213
Less: Intersegment Revenues	(870)		(1,076)
Total net sales	$	805,645	$	713,167
Cost of sales
Aerospace & Industrial	$	147,762	$	147,223
Defense Electronics	124,713		112,933
Naval & Power	232,759		196,601
Total cost of sales	$	505,234	$	456,757
Research and development expenses
Aerospace & Industrial	$	6,797	$	6,309

Defense Electronics	13,002		14,105
Naval & Power	2,865		2,346
Total research and development expenses	$	22,664	$	22,760
Selling expenses
Aerospace & Industrial	$	7,202	$	6,637
Defense Electronics	15,030		14,229
Naval & Power	16,823		15,458
Total selling expenses	$	39,055	$	36,324
General and administrative expenses
Aerospace & Industrial	$	34,504	$	31,912
Defense Electronics	25,525		23,135
Naval & Power	39,046		32,617
Total general and administrative expenses	$	99,075	$	87,664
Other segment items(2)
Aerospace & Industrial	$	1,253	$	—
Defense Electronics	—		—
Naval & Power	—		—
Total other segment items	$	1,253	$	—
Operating income
Aerospace & Industrial	$	29,922	$	27,466
Defense Electronics	67,449		48,081
Naval & Power	41,863		35,191
Total Segment	139,234		110,738
Corporate and Eliminations (1)	(10,029)		(10,777)
Total Consolidated	$	129,205	$	99,961
Depreciation and amortization expense
Aerospace & Industrial	$	7,672	$	8,194
Defense Electronics	7,546		7,852
Naval & Power	14,862		10,250
Corporate	741		687
Total Consolidated	$	30,821	$	26,983
Capital expenditures
Aerospace & Industrial	$	6,249	$	3,906
Defense Electronics	3,517		2,339
Naval & Power	5,501		4,882
Corporate	506		928
Total Consolidated	$	15,773	$	12,055

(1) Corporate and Eliminations includes pension expense, environmental remediation and administrative expenses, legal, and other expenses.

(2) Other segment items includes restructuring expenses associated with the 2024 Restructuring Program.

(In thousands)	March 31, 2025		December 31, 2024
Segment Assets
Aerospace & Industrial	$	1,106,782	$	1,090,739
Defense Electronics	1,493,473		1,446,949
Naval & Power	1,929,238		1,927,325
Corporate	422,298		520,691
Total consolidated	$	4,951,791	$	4,985,704

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Adjustments to reconcile operating income to earnings before income taxes are as follows:

	Three Months Ended
	March 31,
(In thousands)	2025		2024
Earnings before taxes:
Total reportable segment operating income	$	139,234	$	110,738
Corporate and Eliminations	(10,029)		(10,777)
Interest expense	10,143		10,570
Other income, net	6,030		9,608
Earnings before income taxes	$	125,092	$	98,999