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Segment Information (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information Reportable segment information is presented in the following table:
(In thousands, except percentages)AmericasInternationalCorporateConsolidated
Totals
Three Months Ended June 30, 2023
Net sales to external customers$308,378 $138,921 $— $447,299 
Operating income95,008 
Restructuring charges (Note 3)3,350 
Currency exchange losses, net3,110 
Amortization of acquisition-related intangible assets2,315 
Adjusted operating income (loss)94,816 21,743 (12,776)103,783 
Adjusted operating margin %30.7 %15.7 %
Depreciation and amortization12,574 
Adjusted EBITDA103,977 24,949 (12,569)116,357 
Adjusted EBITDA margin %33.7 %18.0 %
Three Months Ended June 30, 2022
Net sales to external customers$252,386 $119,927 $— $372,313 
Operating income61,536 
Restructuring charges (Note 3)57 
Currency exchange gains, net(1,463)
Product liability expense (Note 17)2,926 
Amortization of acquisition-related intangible assets2,318 
Transaction costs(a)
239 
Adjusted operating income (loss)57,141 17,207 (8,735)65,613 
Adjusted operating margin %22.6 %14.3 %
Depreciation and amortization11,604 
Adjusted EBITDA65,461 20,370 (8,614)77,217 
Adjusted EBITDA margin %25.9 %17.0 %
(a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Operations.
(In thousands, except percentages)AmericasInternationalCorporateConsolidated
Totals
Six Months Ended June 30, 2023
Net sales to external customers$588,645 $256,916 $— $845,561 
Operating income34,947 
Restructuring charges (Note 3)5,097 
Currency exchange losses, net7,285 
Loss on divestiture of MSA LLC (Note 17)129,211 
Product liability expense (Note 17)
Amortization of acquisition-related intangible assets4,620 
Adjusted operating income (loss)166,510 37,522 (22,869)181,163 
Adjusted operating margin %28.3 %14.6 %
Depreciation and amortization24,841 
Adjusted EBITDA184,471 44,007 (22,474)206,004 
Adjusted EBITDA margin %31.3 %17.1 %
Six Months Ended June 30, 2022
Net sales to external customers$478,034 $224,971 $— $703,005 
Operating income104,204 
Restructuring charges (Note 3)2,247 
Currency exchange losses, net1,809 
Product liability expense (Note 17)5,698 
Amortization of acquisition-related intangible assets4,667 
Transaction costs(a)
832 
Adjusted operating income (loss)109,577 26,196 (16,316)119,457 
Adjusted operating margin %22.9 %11.6 %
Depreciation and amortization23,420 
Adjusted EBITDA126,256 32,698 (16,077)142,877 
Adjusted EBITDA margin %26.4 %14.5 %
(a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Operations.
Percentage of Total Sales by Product Group
Total sales by product group was as follows:
Three Months Ended June 30, 2023ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Fixed Gas & Flame Detection$105,855 24%$66,387 22%$39,468 29%
Breathing Apparatus101,231 23%69,268 22%31,963 23%
Firefighter Helmets & Protective Apparel65,259 15%51,889 17%13,370 10%
Portable Gas Detection52,387 12%37,987 12%14,400 10%
Industrial Head Protection47,164 10%36,092 12%11,072 8%
Fall Protection33,882 7%22,475 7%11,407 8%
Other41,521 9%24,280 8%17,241 12%
Total$447,299 100%$308,378 100%$138,921 100%
Three Months Ended June 30, 2022ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Fixed Gas & Flame Detection$80,498 22%$50,514 20%$29,984 25%
Breathing Apparatus91,950 25%64,610 26%27,340 23%
Firefighter Helmets & Protective Apparel47,899 13%35,037 14%12,862 11%
Portable Gas Detection44,892 12%31,665 13%13,227 11%
Industrial Head Protection43,724 12%34,023 13%9,701 8%
Fall Protection26,614 7%17,005 7%9,609 8%
Other36,736 9%19,532 7%17,204 14%
Total$372,313 100%$252,386 100%$119,927 100%
Six Months Ended June 30, 2023ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Fixed Gas & Flame Detection$199,490 24%$127,530 22%$71,960 28%
Breathing Apparatus177,952 21%122,037 21%55,915 22%
Firefighter Helmets & Protective Apparel127,926 15%101,176 17%26,750 10%
Portable Gas Detection105,353 12%76,155 13%29,198 11%
Industrial Head Protection90,071 11%69,717 12%20,354 8%
Fall Protection65,039 8%42,933 7%22,106 9%
Other79,730 9%49,097 8%30,633 12%
Total$845,561 100%$588,645 100%$256,916 100%
Six Months Ended June 30, 2022ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Fixed Gas & Flame Detection$163,575 23%$105,135 22%$58,440 26%
Breathing Apparatus162,901 23%115,008 24%47,893 21%
Firefighter Helmets & Protective Apparel96,360 14%68,513 14%27,847 12%
Portable Gas Detection81,635 12%57,456 12%24,179 11%
Industrial Head Protection79,881 11%62,188 13%17,693 8%
Fall Protection51,275 7%33,282 7%17,993 8%
Other67,378 10%36,452 8%30,926 14%
Total$703,005 100%$478,034 100%$224,971 100%