Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables set forth financial information by reporting segment (in millions). When reading the data, the following items should be noted:

•Segment Net sales comprise sales to unaffiliated customers - inter-segment and inter-area sales are not significant and are eliminated in consolidation.

•Segment operating income consists of Net sales less operating expenses, including total corporate expenses, which are generally allocated to each segment on the basis of the segment's percentage of consolidated Net sales. Interest expense and investment income and other expense, net have not been allocated to segments as these items are centrally managed by the Company.

•General corporate assets not allocated to segments are principally cash, prepaid pensions, investments and deferred taxes. These assets have not been allocated as they are centrally managed by the Company.

	Three Months Ended March 31,
	2025			2024
Net Sales:
Utility Solutions	$	857.1		$	894.0
Electrical Solutions	508.1			505.1
TOTAL NET SALES	$	1,365.2		$	1,399.1
Cost of Goods Sold:
Utility Solutions	$	576.2		$	617.9
Electrical Solutions	337.8			333.5
Total Cost of Goods Sold	$	914.0		$	951.4
Gross Profit:
Utility Solutions	$	280.9		$	276.1
Electrical Solutions	170.3			171.6
Total Gross Profit	$	451.2		$	447.7
Selling and Administrative Expenses:
Utility Solutions	$	120.9		$	118.6
Electrical Solutions	91.3			100.6
Total Selling and Administrative Expenses	$	212.2		$	219.2
Operating Income:
Utility Solutions	$	160.0		$	157.5
Electrical Solutions	79.0			71.0
Total Operating Income	$	239.0		$	228.5
Loss on disposition of business	—			(5.3)
Interest expense, net	(13.8)			(21.1)
Other (expense) income, net	(5.3)			(0.7)
INCOME BEFORE INCOME TAXES	$	219.9		$	201.4
Operating Income as a % of Net Sales
Utility Solutions	18.7		%	17.6		%
Electrical Solutions	15.5		%	14.1		%
Total Operating Income as a % of Net Sales	17.5		%	16.3		%

	Three Months Ended March 31,
	2025		2024
Capital Expenditures:
Utility Solutions	$	11.3	$	26.4
Electrical Solutions	14.7		13.9
TOTAL CAPITAL EXPENDITURES	$	26.0	$	40.3
Depreciation and Amortization:
Utility Solutions	$	33.8	$	48.4
Electrical Solutions	12.9		11.5
TOTAL DEPRECIATION AND AMORTIZATION	$	46.7	$	59.9
	March 31, 2025		December 31, 2024
Assets:
Utility Solutions	$	4,548.1	$	4,478.2
Electrical Solutions	1,990.0		1,865.6
General Corporate	384.0		335.3
TOTAL ASSETS	$	6,922.1	$	6,679.1