Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Reportable Segment Information

Reportable segment information is presented in the following table:


(In thousands)	Americas		International		Corporate		Reconciling Items(a)		Consolidated Totals
2024
Net sales to external customers	$	1,246,641	$	561,499	$	—	$	—	$	1,808,140
Less:
Cost of products sold	618,019		320,502		—		—
Selling, general and administrative	208,753		129,683		50,385		—
Research and development	39,783		26,743		—		—
Adjusted operating income (loss)	380,086		84,571		(50,385)		—		414,272


Noncash items:
Depreciation and amortization	$	46,289	$	17,164	$	880	$	—	$	64,333
Pension (income) expense	(11,854)		3,707		—		—		(8,147)
Total Assets	1,480,124		682,816		44,261		(1,417)		2,205,784
Capital expenditures	31,546		19,091		3,586		—		54,223
2023
Net sales to external customers	$	1,235,594	$	552,053	$	—	$	—	$	1,787,647
Less:
Cost of products sold	619,948		306,443		(128)		—
Selling, general and administrative	215,236		128,720		51,724		—
Research and development	40,793		27,191		4		—
Adjusted operating income (loss)	359,617		89,699		(51,600)		—		397,716









Noncash items:
Depreciation and amortization	$	44,170	$	15,760	$	843	$	—	$	60,773
Pension (income) expense	(11,873)		3,958		—		—		(7,915)
Total Assets	1,433,244		734,856		320		1,730		2,170,150
Capital expenditures	28,011		13,341		1,412		—		42,764
2022
Net sales to external customers	$	1,043,238	$	484,715	$	—	$	—	$	1,527,953
Less:
Cost of products sold	559,773		285,098		44		—
Selling, general and administrative	181,861		115,894		37,884		—
Research and development	34,212		22,800		—		—







Adjusted operating income (loss)	267,392		60,923		(37,928)		—		290,387

Noncash items:
Depreciation and amortization	$	41,525	$	14,272	$	520	$	—	$	56,317
Pension (income) expense	(18,368)		6,869		—		—		(11,499)
Total Assets	1,660,776		703,444		11,673		1,083		2,376,976
Capital expenditures	33,324		9,229		—		—		42,553
(a)Reconciling items consist primarily of intercompany eliminations and items not directly attributable to operating segments.

Reconciliation of Total Adjusted Operating Income to Income Before Income Taxes

A reconciliation of total Adjusted operating income from reportable segments to Income before income taxes is presented in the following table:


(In thousands)	2024		2023		2022













Adjusted operating income	$	414,272	$	397,716	$	290,387
Less:
Restructuring charges (Note 4)	6,397		9,892		7,965
Currency exchange losses, net	3,638		17,079		10,255
Interest expense	36,889		46,733		21,660
Other income, net (Note 16)	(22,718)		(22,101)		(21,056)
Amortization of acquisition-related intangible assets	9,174		9,246		9,207
Transaction costs(a)	886		965		3,233
Net cost for product-related legal matter	5,000		—		—
Loss on divestiture of MSA LLC (Note 20)	—		129,211		—
Product liability expense (Note 20)	—		3		20,590
Income before income taxes	$	375,006	$	206,688	$	238,533
(a)Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations.

Schedule of Geographic Information on Net Sales

Geographic information on Net sales to external customers, based on country of origin:


(In thousands)	2024		2023		2022
United States	$	1,047,451	$	1,036,521	$	876,945
Other	760,689		751,126		651,008
Total	$	1,808,140	$	1,787,647	$	1,527,953

Schedule of Geographic Information on Tangible Long-Lived Assets

Geographic information on tangible long-lived assets, net, based on country of origin:


(In thousands)	2024		2023		2022
United States	$	160,760	$	156,937	$	159,345



United Kingdom	30,274		24,740		25,302
Other	76,914		83,498		67,047
Total	$	267,948	$	265,175	$	251,694

Schedule of Net Sales by Product Group

Total Net sales by product category was as follows:


2024	Consolidated			Americas			International
(In thousands)	Dollars		Percent	Dollars		Percent	Dollars		Percent
Fire Service (a)	$	712,684	39%	$	507,738	41%	$	204,946	36%
Detection (b)	642,792		36%	426,839		34%	215,953		38%
Industrial PPE and Other (c)	452,664		25%	312,064		25%	140,600		26%




Total	$	1,808,140	100%	$	1,246,641	100%	$	561,499	100%

2023	Consolidated			Americas			International
(In thousands)	Dollars		Percent	Dollars		Percent	Dollars		Percent
Fire Service (a)	$	684,224	38%	$	501,676	41%	$	182,548	33%
Detection (b)	634,915		36%	419,312		34%	215,603		39%

Industrial PPE and Other (c)	468,508		26%	314,606		25%	153,902		28%




Total	$	1,787,647	100%	$	1,235,594	100%	$	552,053	100%

2022	Consolidated			Americas			International
(In thousands)	Dollars		Percent	Dollars		Percent	Dollars		Percent
Fire Service (a)	$	578,935	38%	$	416,427	40%	$	162,508	34%
Detection (b)	529,735		35%	349,543		34%	180,192		37%

Industrial PPE and Other (c)	419,283		27%	277,268		26%	142,015		29%




Total	$	1,527,953	100%	$	1,043,238	100%	$	484,715	100%
(a) Fire Service 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.