
	Three Months Ended June 30, 2025
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total
Realignment Charges
Restructuring Charges
COS	$	787	$	1,181	$	1,968	$	—	$	1,968
SG&A	1,715		(3,505)		(1,790)		—		(1,790)

	$	2,502	$	(2,324)	$	178	$	—	$	178
Non-Restructuring Charges
COS	$	1,101	$	2,036	$	3,137	$	—	$	3,137
SG&A	34		1		35		(32)		3

	$	1,135	$	2,037	$	3,172	$	(32)	$	3,140





Total Realignment Charges
COS	$	1,888	$	3,217	$	5,105	$	—	$	5,105
SG&A	1,749		(3,504)		(1,755)		(32)		(1,787)

Total	$	3,637	$	(287)	$	3,350	$	(32)	$	3,318


	Three Months Ended June 30, 2024
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total
Realignment Charges
Restructuring Charges
COS	$	6,994	$	129	$	7,123	$	—	$	7,123
SG&A	50		(69)		(19)		(28)		(47)
Loss on sale of business (1)	—		12,981		12,981		—		12,981
	$	7,044	$	13,041	$	20,085	$	(28)	$	20,057
Non-Restructuring Charges
COS	$	384	$	92	$	476	$	(78)	$	398
SG&A	(770)		16		(754)		534		(220)

	$	(386)	$	108	$	(278)	$	456	$	178





Total Realignment Charges
COS	$	7,378	$	221	$	7,599	$	(78)	$	7,521
SG&A	(720)		$	(53)	(773)		506		(267)
Loss on sale of business (1)	—		$	12,981	$	12,981	$	—	$	12,981
Total	$	6,658	$	13,149	$	19,807	$	428	$	20,235

(1) Loss on sale of business related to NAF AB control valves business as described within Note 1, "Basis of Presentation and Accounting Policies," to our condensed consolidated financial statements included in this Quarterly Report.




	Six Months Ended June 30, 2025
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total

Restructuring Charges
COS	$	4,403	$	8,290	$	12,693	$	—	$	12,693
SG&A	1,821		(3,505)		(1,684)		—		(1,684)

	$	6,224	$	4,785	$	11,009	$	—	$	11,009
Non-Restructuring Charges
COS	$	464	$	2,028	$	2,492	$	(66)	$	2,426
SG&A	(1,069)		(120)		(1,189)		(217)		(1,406)

	$	(605)	$	1,908	$	1,303	$	(283)	$	1,020






Total Realignment Charges
COS	$	4,867	$	10,318	$	15,185	$	(66)	$	15,119
SG&A	752		(3,625)		(2,873)		(217)		(3,090)

Total	$	5,619	$	6,693	$	12,312	$	(283)	$	12,029




	Six Months Ended June 30, 2024
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total

Restructuring Charges
COS	$	11,408	$	144	$	11,552	$	—	$	11,552
SG&A	751		(69)		682		(28)		654
Loss on sale of business (1)	—		12,981		12,981		—		12,981
	$	12,159	$	13,056	$	25,215	$	(28)	$	25,187
Non-Restructuring Charges
COS	$	1,014	$	844	$	1,858	$	(216)	$	1,642
SG&A	(430)		130		(300)		873		573

	$	584	$	974	$	1,558	$	657	$	2,215






Total Realignment Charges
COS	$	12,422	$	988	$	13,410	$	(216)	$	13,194
SG&A	321		61		382		845		1,227
Loss on sale of business (1)	—		12,981		12,981		—		12,981
Total	$	12,743	$	14,030	$	26,773	$	629	$	27,402


	Inception to Date
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total
Realignment Charges
Restructuring Charges
COS	$	4,403	$	8,290	$	12,693	$	—	$	12,693
SG&A	1,821		(3,505)		(1,684)		—		(1,684)

	$	6,224	$	4,785	$	11,009	$	—	$	11,009
Non-Restructuring Charges
COS	$	3,406	$	2,028	$	5,434	$	(66)	$	5,368
SG&A	(1,069)		(120)		(1,189)		(217)		(1,406)

	$	2,337	$	1,908	$	4,245	$	(283)	$	3,962





Total Realignment Charges
COS	$	7,809	$	10,318	$	18,127	$	(66)	$	18,061
SG&A (1)	752		(3,625)		(2,873)		(217)		(3,090)

Total	$	8,561	$	6,693	$	15,254	$	(283)	$	14,971

(1) Includes the immaterial reversal of previously recognized realignment charges associated with our 2023 Realignment Programs and an immaterial non-cash gain recognized on the early cancellation of certain lease agreements and the resulting write-off of the remaining operating lease liabilities associated with our 2023 Realignment Programs, which were recognized in the first and second quarters of 2025, respectively. Our 2023 Realignment Programs are substantially completed.


	Inception to Date
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total
Restructuring Charges
COS	$	27,076	$	5,041	$	32,117	$	66	$	32,183
SG&A	1,355		12,376		13,731		(28)		13,703
Loss on sale of business (1)	—		12,981		12,981		—		12,981
	$	28,431	$	30,398	$	58,829	$	38	$	58,867
Non-Restructuring Charges
COS	$	11,506	$	6,612	$	18,118	$	(655)	$	17,463
SG&A	14,256		2,112		16,368		19,893		$	36,261
	$	25,762	$	8,724	$	34,486	$	19,238	$	53,724
Total Realignment Charges
COS	$	38,582	$	11,653	$	50,235	$	(589)	$	49,646
SG&A	15,611		14,488		30,099		19,865		$	49,964
Loss on sale of business (1)	—		12,981		12,981		—		$	12,981
Total	$	54,193	$	39,122	$	93,315	$	19,276	$	112,591

Restructuring charges represent costs associated with the relocation or reorganization of certain business activities and facility closures and include costs related to employee severance at closed facilities, contract termination costs, asset write-downs and other costs. Severance costs primarily include costs associated with involuntary termination benefits. Contract termination costs include costs related to the termination of operating leases or other contract termination costs. Asset write-downs include accelerated depreciation of fixed assets, accelerated amortization of intangible assets, divestiture of certain non-strategic assets and inventory write-downs. Other costs generally include costs related to employee relocation, asset relocation, vacant facility costs (i.e., taxes and insurance) and other charges. Restructuring charges include charges related to approved, but not yet announced, facility closures.


	Three Months Ended June 30, 2025
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	66	$	—	$	444	$	1,458	$	1,968
SG&A (2)	1,256		(3,505)		57		402		(1,790)

Total	$	1,322	$	(3,505)	$	501	$	1,860	$	178


	Three Months Ended June 30, 2024
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	(89)	$	—	$	6,507	$	705	$	7,123
SG&A	84		—		247		(378)		(47)
Loss on sale of business (1)	$	—	$	—	$	—	$	12,981	$	12,981
Total	$	(5)	$	—	$	6,754	$	13,308	$	20,057


	Six Months Ended June 30, 2025
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	7,721	$	—	$	2,444	$	2,528	$	12,693
SG&A (2)	1,278		(3,505)		57		486		(1,684)

Total	$	8,999	$	(3,505)	$	2,501	$	3,014	$	11,009


	Six Months Ended June 30, 2024
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	3,896	$	—	$	6,507	$	1,149	$	11,552
SG&A	785		—		247		(378)		654
Loss on sale of business (1)	—		—		—		12,981		12,981
Total	$	4,681	$	—	$	6,754	$	13,752	$	25,187

(2) 2025 Contract Termination charges within SG&A include an immaterial non-cash gain recognized on the early cancellation of certain lease agreements and the resulting write-off of the remaining operating lease liabilities associated with our 2023 Realignment Programs. Our 2023 Realignment Programs are substantially completed.


	Inception to Date
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	7,721	$	—	$	2,444	$	2,528	$	12,693
SG&A (2)	1,278		(3,505)		57		486		(1,684)

Total	$	8,999	$	(3,505)	$	2,501	$	3,014	$	11,009

(2) Contract Termination charges within SG&A includes an immaterial non-cash gain from the early cancellation of certain lease agreements and the resulting write-off of the remaining operating lease liabilities associated with our 2023 Realignment Programs. Our 2023 Realignment Programs are substantially completed.


	Inception to Date
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	14,164	$	301	$	13,655	$	4,063	$	32,183
SG&A	1,106		—		12,621		(24)		13,703
Loss on sale of business (1)	—		—		—		12,981		12,981
Total	$	15,270	$	301	$	26,276	$	17,020	$	58,867


(Amounts in thousands)	2025		2024
Balance at January 1,	$	8,300	$	8,184
Charges, net of adjustments	10,666		5,566
Cash expenditures	(5,962)		(72)
Other non-cash adjustments, including currency	1,156		(2,714)
Balance at June 30,	$	14,160	$	10,964