Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2025
Net sales to external customers	$	313,350	$	155,095	$	—		$	468,445
Less:
Cost of products sold	160,068		87,166		—		—
Selling, general and administrative	54,876		36,300		9,773		—
Research and development	9,726		6,795		—		—
Adjusted operating income (loss)	88,680		24,834		(9,773)		—	103,741
Noncash items:
Depreciation and amortization	11,942		6,423		220		—	18,585
Pension (income) expense	(4,695)		931		—		—	(3,764)
Total Assets	1,587,038		958,479		10,407		(2,347)	2,553,577
Capital expenditures	6,873		4,831		282		—	11,986
Three Months Ended September 30, 2024
Net sales to external customers	$	299,497	$	133,182	$	—		$	432,679
Less:
Cost of products sold	147,189		75,788		(23)		—
Selling, general and administrative	50,494		32,505		12,104		—
Research and development	9,992		6,715		—		—
Adjusted operating income (loss)	91,822		18,174		(12,081)		—	97,915
Noncash items:
Depreciation and amortization	11,314		4,416		229		—	15,959
Pension (income) expense	(3,258)		1,050		—		—	(2,208)
Total Assets	1,478,150		763,927		172		(322)	2,241,927
Capital expenditures	8,342		5,496		416		—	14,254
(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
Nine Months Ended September 30, 2025
Net sales to external customers	$	926,649	$	437,251	$	—		$	1,363,900
Less:
Cost of products sold	475,751		247,395		—		—
Selling, general and administrative	161,039		106,136		31,718		—
Research and development	29,165		20,021		—		—
Adjusted operating income (loss)	260,694		63,699		(31,718)		—	292,675
Noncash items:
Depreciation and amortization	35,415		16,541		979		—	52,935
Pension (income) expense	(13,364)		2,683		—		—	(10,681)
Total Assets	1,587,038		958,479		10,407		(2,347)	2,553,577
Capital expenditures	23,228		8,830		20,046		—	52,104
Nine Months Ended September 30, 2024
Net sales to external customers	$	909,745	$	398,698	$	—		$	1,308,443
Less:
Cost of products sold	448,359		227,233		(55)		—
Selling, general and administrative	155,144		95,544		38,408		—
Research and development	29,719		19,977		—		—
Adjusted operating income (loss)	276,523		55,944		(38,353)		—	294,114
Noncash items:
Depreciation and amortization	34,146		12,766		651		—	47,563
Pension (income) expense	(8,466)		3,150		—		—	(5,316)
Total Assets	1,478,150		763,927		172		(322)	2,241,927
Capital expenditures	21,828		15,570		2,416		—	39,814
(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 September 30,				Nine Months Ended September 30,
(In thousands)	2025		2024		2025		2024
Adjusted operating income	$	103,741	$	97,915	$	292,675	$	294,114
Less:
Currency exchange losses, net	3,875		2,985		13,237		4,715
Restructuring charges (Note 4)	58		1,184		2,470		5,744
Interest expense	8,416		9,153		23,368		29,556
Other income, net	(6,562)		(5,833)		(18,585)		(16,215)
Acquisition-related amortization	3,595		2,269		9,033		6,888
Transaction costs(a)	1,903		—		10,002		234
Net cost for product-related legal matter	—		—		—		5,000


Income before income taxes	$	92,456	$	88,157	$	253,150	$	258,192
(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 September 30, 2025	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent		Dollars		Percent	Dollars		Percent
Detection (a)	$	191,188	41%		$	124,111	40%	$	67,077	43%
Fire Service (b)	158,654		34%		109,497		35%	49,157		32%
Industrial PPE and Other (c)	118,603		25%		79,742		25%	38,861		25%
Total	$	468,445	100%		$	313,350	100%	$	155,095	100%

Three Months Ended September 30, 2024	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent		Dollars		Percent	Dollars		Percent
Detection (a)	$	163,150	38%		$	110,459	37%	$	52,691	40%
Fire Service (b)	160,515		37%		111,992		37%	48,523		36%
Industrial PPE and Other (c)	109,014		25%		77,046		26%	31,968		24%
Total	$	432,679	100%		$	299,497	100%	$	133,182	100%

Nine Months Ended September 30, 2025	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent		Dollars		Percent	Dollars		Percent
Detection (a)	$	546,094	40%		$	361,176	39%	$	184,918	42%
Fire Service (b)	472,576		35%		326,220		35%	146,356		33%
Industrial PPE and Other (c)	345,230		25%		239,253		26%	105,977		25%
Total	$	1,363,900	100%		$	926,649	100%	$	437,251	100%

Nine Months Ended September 30, 2024	Consolidated			Americas			International
(In thousands, except percentages)	Dollars		Percent		Dollars		Percent	Dollars		Percent
Detection (a)	$	473,214	36%		$	318,159	35%	$	155,055	39%
Fire Service (b)	496,478		38%		352,730		39%	143,748		36%
Industrial PPE and Other (c)	338,751		26%		238,856		26%	99,895		25%
Total	$	1,308,443	100%		$	909,745	100%	$	398,698	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.