Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

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 June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Net Sales:
Utility Solutions	$	1,025.8		$	935.5		$	1,974.7		$	1,792.6
Electrical Solutions	686.0			548.8			1,253.8			1,056.9
TOTAL NET SALES	$	1,711.8		$	1,484.3		$	3,228.5		$	2,849.5
Cost of Goods Sold:
Utility Solutions	$	654.8		$	597.6		$	1,286.6		$	1,183.0
Electrical Solutions	444.0			334.6			823.6			671.8
Total Cost of Goods Sold	$	1,098.8		$	932.2		$	2,110.2		$	1,854.8
Gross Profit:
Utility Solutions	$	371.0		$	337.9		$	688.1		$	609.6
Electrical Solutions	242.0			214.2			430.2			385.1
Total Gross Profit	$	613.0		$	552.1		$	1,118.3		$	994.7
Selling and Administrative Expenses:
Utility Solutions	$	137.1		$	119.7		$	279.1		$	240.6
Electrical Solutions	127.3			96.1			226.8			187.4
Total Selling and Administrative Expenses	$	264.4		$	215.8		$	505.9		$	428.0
Operating Income:
Utility Solutions	$	233.9		$	218.2		$	409.0		$	369.0
Electrical Solutions	114.7			118.1			203.4			197.7
Total Operating Income	$	348.6		$	336.3		$	612.4		$	566.7
Loss on disposition of business	—			(0.4)			—			(0.4)
Interest expense, net	(39.1)			(14.5)			(61.1)			(28.3)
Other (expense) income, net	(5.8)			(6.2)			(11.2)			(11.5)
INCOME BEFORE INCOME TAXES	$	303.7		$	315.2		$	540.1		$	526.5
Operating Income as a % of Net Sales
Utility Solutions	22.8		%	23.3		%	20.7		%	20.6		%
Electrical Solutions	16.7		%	21.5		%	16.2		%	18.7		%
Total Operating Income as a % of Net Sales	20.4		%	22.7		%	19.0		%	19.9		%

	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Capital Expenditures:
Utility Solutions	$	20.6	$	24.6	$	46.6	$	35.9
Electrical Solutions	16.4		15.3		31.0		30.0
TOTAL CAPITAL EXPENDITURES	$	37.0	$	39.9	$	77.6	$	65.9
Depreciation and Amortization:
Utility Solutions	$	44.1	$	34.4	$	90.0	$	68.2
Electrical Solutions	23.5		13.9		37.8		27.0
TOTAL DEPRECIATION AND AMORTIZATION	$	67.6	$	48.3	$	127.8	$	95.2

	June 30, 2026		December 31, 2025
Assets:
Utility Solutions	$	5,659.9	$	5,603.8
Electrical Solutions	5,860.8		2,238.8
General Corporate	325.5		386.2
TOTAL ASSETS	$	11,846.2	$	8,228.8