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Segment Information (Tables)
9 Months Ended
Sep. 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 September 30, 2023
Net sales to external customers$314,273 $132,455 $— $446,728 
Operating income94,123 
Restructuring charges (Note 3)3,285 
Currency exchange losses, net1,496 
Amortization of acquisition-related intangible assets2,315 
Transaction costs(a)
78 
Adjusted operating income (loss)93,918 22,577 (15,198)101,297 
Adjusted operating margin %29.9 %17.0 %
Depreciation and amortization13,189 
Adjusted EBITDA103,157 26,289 (14,960)114,486 
Adjusted EBITDA margin %32.8 %19.8 %
Three Months Ended September 30, 2022
Net sales to external customers$276,082 $105,612 $— $381,694 
Operating income64,313 
Restructuring charges (Note 3)899 
Currency exchange losses, net2,979 
Product liability expense (Note 17)4,035 
Amortization of acquisition-related intangible assets2,279 
Transaction costs(a)
620 
Adjusted operating income (loss)75,088 8,448 (8,411)75,125 
Adjusted operating margin %27.2 %8.0 %
Depreciation and amortization11,518 
Adjusted EBITDA83,945 10,980 (8,282)86,643 
Adjusted EBITDA margin %30.4 %10.4 %
(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
Nine Months Ended September 30, 2023
Net sales to external customers$902,918 $389,372 $— $1,292,290 
Operating income129,070 
Restructuring charges (Note 3)8,382 
Currency exchange losses, net8,781 
Loss on divestiture of MSA LLC (Note 17)129,211 
Product liability expense (Note 17)
Amortization of acquisition-related intangible assets6,936 
Transaction costs(a)
78 
Adjusted operating income (loss)260,428 60,099 (38,066)282,461 
Adjusted operating margin %28.8 %15.4 %
Depreciation and amortization38,029 
Adjusted EBITDA287,628 70,296 (37,434)320,490 
Adjusted EBITDA margin %31.9 %18.1 %
Nine Months Ended September 30, 2022
Net sales to external customers$754,116 $330,583 $— $1,084,699 
Operating income168,517 
Restructuring charges (Note 3)3,146 
Currency exchange losses, net4,788 
Product liability expense (Note 17)9,733 
Amortization of acquisition-related intangible assets6,922 
Transaction costs(a)
1,476 
Adjusted operating income (loss)184,664 34,674 (24,756)194,582 
Adjusted operating margin %24.5 %10.5 %
Depreciation and amortization34,961 
Adjusted EBITDA210,201 43,708 (24,366)229,543 
Adjusted EBITDA margin %27.9 %13.2 %
(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 September 30, 2023ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Fixed Gas & Flame Detection$112,012 25%$73,074 23%$38,938 29%
Breathing Apparatus111,024 25%79,908 25%31,116 24%
Firefighter Helmets & Protective Apparel64,707 15%51,608 16%13,099 10%
Portable Gas Detection43,682 10%31,933 10%11,749 9%
Industrial Head Protection45,780 10%36,402 12%9,378 7%
Fall Protection31,980 7%20,235 7%11,745 9%
Other37,543 8%21,113 7%16,430 12%
Total$446,728 100%$314,273 100%$132,455 100%
Three Months Ended September 30, 2022ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Fixed Gas & Flame Detection$87,746 23%$62,134 23%$25,612 24%
Breathing Apparatus91,977 24%70,482 26%21,495 20%
Firefighter Helmets & Protective Apparel54,738 14%41,958 15%12,780 12%
Portable Gas Detection39,481 10%28,358 10%11,123 11%
Industrial Head Protection43,608 11%34,620 13%8,988 9%
Fall Protection27,839 7%17,658 6%10,181 10%
Other36,305 11%20,872 7%15,433 14%
Total$381,694 100%$276,082 100%$105,612 100%
Nine Months Ended September 30, 2023ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Fixed Gas & Flame Detection$311,502 24%$200,604 22%$110,898 28%
Breathing Apparatus288,976 22%201,945 22%87,031 22%
Firefighter Helmets & Protective Apparel192,634 15%152,784 17%39,850 10%
Portable Gas Detection149,036 12%108,088 12%40,948 11%
Industrial Head Protection135,851 11%106,120 12%29,731 8%
Fall Protection97,019 7%63,168 7%33,851 9%
Other117,272 9%70,209 8%47,063 12%
Total$1,292,290 100%$902,918 100%$389,372 100%
Nine Months Ended September 30, 2022ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Fixed Gas & Flame Detection$251,321 23%$167,269 22%$84,052 25%
Breathing Apparatus254,878 23%185,490 25%69,388 21%
Firefighter Helmets & Protective Apparel151,097 14%110,471 15%40,626 12%
Portable Gas Detection121,116 11%85,815 11%35,301 11%
Industrial Head Protection123,489 11%96,808 13%26,681 8%
Fall Protection79,114 7%50,940 7%28,174 9%
Other103,684 11%57,323 7%46,361 14%
Total$1,084,699 100%$754,116 100%$330,583 100%