Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Reportable segment information is presented in the following table:


(In thousands)	Americas		International		Corporate			Reconciling Items(a)		Consolidated Totals
Three Months Ended March 31, 2025
Net sales to external customers	$	293,160	$	128,180	$	—				$	421,340
Less:
Cost of products sold	154,180		71,479		—			—
Selling, general and administrative	50,918		31,693		9,899			—
Research and development	9,369		6,300		—			—
Adjusted operating income (loss)	78,693		18,708		(9,899)			—		87,502
Noncash items:
Depreciation and amortization	11,517		4,505		229			$	—	16,251
Pension (income) expense	(4,695)		847		—			—		(3,848)
Total Assets	1,481,750		699,029		57,700			(2,594)		2,235,885
Capital expenditures	8,791		1,850		143			—		10,784
Three Months Ended March 31, 2024
Net sales to external customers	$	295,539	$	117,763	$	—				$	413,302
Less:
Cost of products sold	147,877		67,557		23			—
Selling, general and administrative	51,925		30,321		11,672			—
Research and development	9,519		6,399		—			—
Adjusted operating income (loss)	86,218		13,486		(11,695)			—		88,009
Noncash items:
Depreciation and amortization	11,273		4,075		211			$	—	15,559
Pension (income) expense	(3,258)		1,050		—			—		(2,208)
Total Assets	1,461,565		714,276		(2,092)		(b)	581		2,174,330
Capital expenditures	6,554		4,066		599			—		11,219
(a)Reconciling items consist primarily of intercompany eliminations and items not directly attributable to operating segments. (b)Negative Corporate segment assets driven primarily by bank overdrafts under our notional cash pooling arrangement. Refer to Note 3—Cash and Cash Equivalents for further details.

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


	Three Months Ended March 31,
(In thousands)	2025		2024
Adjusted operating income	$	87,502	$	88,009
Less:
Restructuring charges (Note 4)	1,924		3,017
Currency exchange losses, net	4,076		2,333
Interest expense	6,835		10,740
Other income, net	(7,023)		(6,235)
Amortization of acquisition-related intangible assets	2,286		2,314
Transaction costs(a)	1,455		233



Income before income taxes	$	77,949	$	75,607
(a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Income.

Total sales by product group was as follows:


Three Months Ended March 31, 2025	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent		Dollars		Percent	Dollars		Percent
Fire Service (a)	$	150,616	36%		$	105,907	36%	$	44,709	35%
Detection (b)	161,070		38%		109,891		37%	51,179		40%
Industrial PPE and Other (c)	109,654		26%		77,362		27%	32,292		25%
Total	$	421,340	100%		$	293,160	100%	$	128,180	100%

Three Months Ended March 31, 2024	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent		Dollars		Percent	Dollars		Percent
Fire Service (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%














(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.