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Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Financial Information and a Reconciliation of Segment
Segment financial information and a reconciliation of segment results to consolidated results were as follows:
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Revenue:  
Engineered Products$275,944 $285,297 $530,590 $618,117 
Clean Energy & Fueling546,097 463,014 1,037,245 908,067 
Imaging & Identification292,009 287,593 572,099 564,399 
Pumps & Process Solutions520,554 477,239 1,014,127 942,968 
Climate & Sustainability Technologies416,151 436,706 764,039 800,998 
Total segment revenues
2,050,755 1,949,849 3,918,100 3,834,549 
Intersegment eliminations(1,163)(1,067)(2,449)(2,048)
Total consolidated revenue$2,049,592 $1,948,782 $3,915,651 $3,832,501 
Adjusted cost of goods and services:(1)
Engineered Products$182,576 $193,156 $355,656 $413,318 
Clean Energy & Fueling343,893 291,639 659,087 582,290 
Imaging & Identification135,804 134,728 259,429 262,553 
Pumps & Process Solutions263,190 255,574 515,354 515,949 
Climate & Sustainability Technologies285,537 307,134 530,237 570,827 
Total adjusted segment cost of goods and services
$1,211,000 $1,182,231 $2,319,763 $2,344,937 
Adjusted selling, general and administrative expenses:(2)
Engineered Products$39,857 $40,046 $77,309 $90,172 
Clean Energy & Fueling94,433 83,839 184,743 168,566 
Imaging & Identification79,268 77,079 158,158 156,101 
Pumps & Process Solutions97,860 84,448 187,994 171,065 
Climate & Sustainability Technologies53,352 50,445 104,421 100,285 
Total adjusted segment selling, general and administrative expenses
$364,770 $335,857 $712,625 $686,189 
Earnings from continuing operations: 
Segment earnings:
  
Engineered Products$53,511 $52,095 $97,625 $114,627 
Clean Energy & Fueling107,771 87,536 193,415 157,211 
Imaging & Identification76,937 75,786 154,512 145,745 
Pumps & Process Solutions159,504 137,217 310,779 255,954 
Climate & Sustainability Technologies77,262 79,127 129,381 129,886 
Total segment earnings474,985 431,761 885,712 803,423 
Purchase accounting expenses (3)
51,123 44,332 100,227 88,519 
Restructuring and other costs (4)
23,210 11,590 32,607 35,561 
(Gain) loss on dispositions (5)
(2,176)663 (4,644)(529,280)
Corporate expense / other (6)
41,875 39,526 93,834 81,685 
Interest expense26,791 32,374 54,399 68,739 
Interest income(17,935)(4,081)(38,189)(8,837)
Earnings before provision for income taxes352,097 307,357 647,478 1,067,036 
Provision for income taxes71,967 60,770 128,107 218,347 
Earnings from continuing operations$280,130 $246,587 $519,371 $848,689 
(1) Adjusted cost of goods and services exclude expenses related to purchase accounting and restructuring and other costs.
(2) Adjusted selling, general and administrative expenses exclude expenses related to purchase accounting, restructuring and other costs, gain on dispositions and include other income, net.
(3) Purchase accounting expenses are primarily comprised of amortization of intangible assets.
(4) Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Restructuring and other costs consist of the following:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Restructuring$13,529 $9,137 $21,839 $27,792 
Other costs, net9,681 2,453 10,768 7,769 
Restructuring and other costs$23,210 $11,590 $32,607 $35,561 
(5) (Gain) loss on dispositions, including post-closing adjustments; see Note 4 — Discontinued and Disposed Operations for further details.
(6) Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services and digital and IT overhead costs, deal-related expenses and various administrative expenses relating to the corporate headquarters.

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Segment earnings margins:
Engineered Products19.4 %18.3 %18.4 %18.5 %
Clean Energy & Fueling19.7 %18.9 %18.6 %17.3 %
Imaging & Identification26.3 %26.4 %27.0 %25.8 %
Pumps & Process Solutions30.6 %28.8 %30.6 %27.1 %
Climate & Sustainability Technologies18.6 %18.1 %16.9 %16.2 %
Total segments23.2 %22.2 %22.6 %21.0 %
Depreciation and amortization:
Other depreciation and amortization:(7)
Engineered Products$5,141$4,778$9,941$9,563
Clean Energy & Fueling8,9617,62717,53915,548
Imaging & Identification4,2293,2718,3227,004
Pumps & Process Solutions13,13112,63725,73224,776
Climate & Sustainability Technologies7,6057,22014,93014,495
Total other depreciation and amortization39,06735,53376,46471,386
Corporate depreciation and amortization1,8501,7593,6903,490
Depreciation and amortization included in purchase accounting expenses and restructuring and other53,46645,448101,64789,635
Consolidated depreciation and amortization total$94,383$82,740$181,801$164,511
(7) Other depreciation and amortization relates to property, plant, and equipment and intangibles, and excludes amounts related to purchase accounting expenses and restructuring and other costs.

Three Months Ended June 30,Six Months Ended June 30,
Capital expenditures:2025202420252024
Engineered Products$6,175 $3,286 $11,997 $8,456 
Clean Energy & Fueling11,687 7,091 22,780 17,134 
Imaging & Identification9,786 1,296 19,442 4,082 
Pumps & Process Solutions12,969 13,037 25,436 22,941 
Climate & Sustainability Technologies16,039 10,185 24,637 21,158 
Corporate4,276 927 4,832 2,101 
Total capital expenditures
$60,932 $35,822 $109,124 $75,872 
Selected financial information by segment (continued):

Total assets:
June 30, 2025December 31, 2024
Engineered Products
$1,098,778 $1,063,292 
Clean Energy & Fueling
3,712,476 3,601,573 
Imaging & Identification1,842,798 1,749,028 
Pumps & Process Solutions
3,507,312 2,613,405 
Climate & Sustainability Technologies1,423,460 1,293,132 
Corporate (8)
1,576,460 2,188,730 
Total assets$13,161,284 $12,509,160 
(8) Corporate assets are comprised primarily of cash and cash equivalents.
Schedule of Revenue Disaggregated by Geography based on the Location
The following table presents revenue disaggregated by geography based on the location of the Company's customers:
Three Months Ended June 30,Six Months Ended June 30,
Revenue by geography2025202420252024
United States$1,146,736 $1,070,682 $2,169,853 $2,085,358 
Europe433,469 411,361 830,760 844,257 
Asia213,546 200,236 422,278 403,300 
Other Americas168,105 198,887 328,001 361,010 
Other87,736 67,616 164,759 138,576 
Total$2,049,592 $1,948,782 $3,915,651 $3,832,501 

For the three and six months ended June 30, 2025 and 2024, the U.S. was the largest geographical market for revenue for the Engineered Products, Clean Energy & Fueling, Pumps & Process Solutions, and Climate & Sustainability Technologies segments, and Europe was the largest market for the Imaging & Identification segment.