Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Reportable Segment Information

Reportable segment information is presented in the following table:


(In thousands)	Americas		International		Corporate		Reconciling Items(a)	Consolidated Totals
Three Months Ended June 30, 2025
Net sales to external customers	$	320,139	$	153,977	$	—		$	474,116
Less:
Cost of products sold	161,505		88,748		—		—
Selling, general and administrative	55,244		38,145		12,044		—
Research and development	10,070		6,926		—		—
Adjusted operating income (loss)	93,320		20,158		(12,044)		—	101,434
Noncash items:
Depreciation and amortization	11,956		5,613		530		—	18,099
Pension (income) expense	(3,974)		905		—		—	(3,069)
Total Assets	1,569,407		956,490		26,607		(2,293)	2,550,211
Capital expenditures	7,527		2,115		19,692		—	29,334
Three Months Ended June 30, 2024
Net sales to external customers	$	314,711	$	147,752	$	—		$	462,463
Less:
Cost of products sold	153,295		83,887		(54)		—
Selling, general and administrative	52,741		32,717		14,617		—
Research and development	10,207		6,863		—		—
Adjusted operating income (loss)	98,468		24,285		(14,563)		—	108,190
Noncash items:
Depreciation and amortization	11,559		4,276		212		—	16,047
Pension (income) expense	(1,950)		1,050		—		—	(900)
Total Assets	1,471,290		748,693		24,813		(1,225)	2,243,571
Capital expenditures	6,946		5,775		1,620		—	14,341
(a)Reconciling items consist primarily of intercompany eliminations and items not directly attributable to operating segments.


(In thousands)	Americas		International		Corporate		Reconciling Items(a)	Consolidated Totals
Six Months Ended June 30, 2025
Net sales to external customers	$	613,299	$	282,157	$	—		$	895,456
Less:
Cost of products sold	315,684		160,228		—		—
Selling, general and administrative	106,162		69,837		21,944		—
Research and development	19,439		13,226		—		—
Adjusted operating income (loss)	172,014		38,866		(21,944)		—	188,936
Noncash items:
Depreciation and amortization	23,473		10,118		759		—	34,350
Pension (income) expense	(8,669)		1,752		—		—	(6,917)
Total Assets	1,569,407		956,490		26,607		(2,293)	2,550,211
Capital expenditures	16,285		4,049		19,784		—	40,118
Six Months Ended June 30, 2024
Net sales to external customers	$	610,249	$	265,516	$	—		$	875,765
Less:
Cost of products sold	301,172		151,444		(31)		—
Selling, general and administrative	104,663		63,040		26,289		—
Research and development	19,726		13,262		—		—
Adjusted operating income (loss)	184,688		37,770		(26,258)		—	196,200
Noncash items:
Depreciation and amortization	22,832		8,350		423		—	31,605
Pension (income) expense	(5,208)		2,100		—		—	(3,108)
Total Assets	1,471,290		748,693		24,813		(1,225)	2,243,571
Capital expenditures	13,500		9,841		2,219		—	25,560
(a)Reconciling items consist primarily of intercompany eliminations and items not directly attributable to operating segments.

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


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2025		2024		2025		2024
Adjusted operating income	$	101,434	$	108,190	$	188,936	$	196,200
Less:
Restructuring charges (Note 4)	488		1,543		2,412		4,560
Currency exchange losses (gains), net	5,286		(603)		9,363		1,730
Interest expense	8,116		9,664		14,951		20,403
Other income, net	(5,000)		(4,148)		(12,022)		(10,382)
Acquisition-related amortization	3,153		2,306		5,439		4,620
Transaction costs(a)	6,645		—		8,099		234
Net cost for product-related legal matter	—		5,000		—		5,000


Income before income taxes	$	82,746	$	94,428	$	160,694	$	170,035
(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.

Percentage of Total Sales by Product Group

Total sales by product group was as follows:


Three Months Ended June 30, 2025	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent		Dollars		Percent	Dollars		Percent
Detection (a)	$	193,835	41%		$	127,174	40%	$	66,661	43%
Fire Service (b)	163,306		34%		110,815		35%	52,491		34%
Industrial PPE and Other (c)	116,975		25%		82,150		25%	34,825		23%
Total	$	474,116	100%		$	320,139	100%	$	153,977	100%

Three Months Ended June 30, 2024	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent		Dollars		Percent	Dollars		Percent
Detection (a)	$	170,848	37%		$	111,405	35%	$	59,443	40%
Fire Service (b)	172,269		37%		118,487		38%	53,782		37%
Industrial PPE and Other (c)	119,346		26%		84,819		27%	34,527		23%
Total	$	462,463	100%		$	314,711	100%	$	147,752	100%

Six Months Ended June 30, 2025	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent		Dollars		Percent	Dollars		Percent
Detection (a)	$	354,906	40%		$	237,065	39%	$	117,841	42%
Fire Service (b)	313,922		35%		216,722		35%	97,200		34%
Industrial PPE and Other (c)	226,628		25%		159,512		26%	67,116		24%
Total	$	895,456	100%		$	613,299	100%	$	282,157	100%

Six Months Ended June 30, 2024	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent		Dollars		Percent	Dollars		Percent
Detection (a)	$	310,064	35%		$	207,700	34%	$	102,364	38%
Fire Service (b)	335,962		39%		240,738		39%	95,224		36%
Industrial PPE and Other (c)	229,739		26%		161,811		27%	67,928		26%
Total	$	875,765	100%		$	610,249	100%	$	265,516	100%
(a) Detection includes Fixed Gas and Flame Detection and Portable Gas detection. Detection includes sales from M&C TechGroup Germany GmbH and its affiliated companies ("M&C"), acquired by the Company, from May 6th, 2025, onward (Americas and International). Refer to Note 15—Acquisitions for further information. (b) Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel. (c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core.