Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Reportable segment information is presented in the following table:


(In thousands, except percentages)	Americas			International			Corporate		Consolidated Totals
Three Months Ended March 31, 2024
Net sales to external customers	$	295,539		$	117,763		$	—	$	413,302

Operating income									80,112
Restructuring charges (Note 3)									3,017
Currency exchange losses, net									2,333


Amortization of acquisition-related intangible assets									2,314
Transaction costs(a)									233

Adjusted operating income (loss)	86,218			13,486			(11,695)		88,009
Adjusted operating margin %	29.2		%	11.5		%
Depreciation and amortization									13,245
Adjusted EBITDA	95,693			17,045			(11,484)		101,254
Adjusted EBITDA margin %	32.4		%	14.5		%

Three Months Ended March 31, 2023
Net sales to external customers	$	280,267		$	117,995		$	—	$	398,262

Operating loss									(60,061)
Restructuring charges (Note 3)									1,747
Currency exchange losses, net									4,175
Loss on divestiture of MSA LLC (Note 17)									129,211
Product liability expense (Note 17)									3
Amortization of acquisition-related intangible assets									2,305


Adjusted operating income (loss)	71,694			15,779			(10,093)		77,380
Adjusted operating margin %	25.6		%	13.4		%
Depreciation and amortization									12,267
Adjusted EBITDA	80,494			19,058			(9,905)		89,647
Adjusted EBITDA margin %	28.7		%	16.2		%
(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.

Total sales by product group was as follows:
























Three Months Ended March 31, 2024	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent	Dollars		Percent	Dollars		Percent
Firefighter Safety (a)	$	163,694	40%	$	122,252	41%	$	41,442	35%
Detection (b)	139,216		34%	96,295		33%	42,921		36%
Industrial PPE and Other (c)	110,392		26%	76,992		26%	33,400		29%




Total	$	413,302	100%	$	295,539	100%	$	117,763	100%

Three Months Ended March 31, 2023	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent	Dollars		Percent	Dollars		Percent
Firefighter Safety (a)	$	139,388	35%	$	102,056	36%	$	37,332	32%
Detection (b)	146,601		37%	99,311		35%	47,290		40%
Industrial PPE and Other (c)	112,273		28%	78,900		29%	33,373		28%




Total	$	398,262	100%	$	280,267	100%	$	117,995	100%
(a) Firefighter Safety includes Breathing Apparatus and Firefighter Helmets and Protective Apparel. (b) Detection includes Fixed Gas and Flame Detection and Portable Gas detection. (c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core.