Segment Information

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company is organized into four geographical operating segments that are based on management responsibilities: Northern North America; Latin America; Europe, Middle East & Africa; and Asia Pacific. The operating segments have been aggregated (based on economic similarities, the nature of their products and solutions, end-user markets and methods of distribution) into two reportable segments: Americas and International.

The Americas segment is comprised of our operations in Northern North America and Latin America geographies. The International segment is comprised of our operations in all geographies outside of the Americas. Certain global expenses are allocated to each segment in a manner consistent with where the benefits from the expenses are derived. General and administrative expenses incurred in our corporate headquarters, costs associated with corporate development initiatives, legal expense, interest expense, foreign exchange gains or losses and other centrally-managed costs are considered corporate expenses and are not allocated to the reportable segments.

The Company's sales are allocated to each segment based primarily on the country destination of the end-customer.

The Company adopted ASU No. 2023-07 (“ASU 2023-07”), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures for the year ended December 31, 2024 and applied it retrospectively for all prior periods presented.

Adjusted operating income is the measure used by the chief operating decision maker, identified as our President and Chief Executive Officer, to evaluate reportable segment performance and identify opportunities when allocating resources. Adjusted operating income is defined as operating income excluding restructuring charges, currency exchange, product liability expense, loss on divestiture of Mine Safety Appliances Company, LLC ("MSA LLC"), net cost for product-related legal matter, transaction costs and acquisition-related amortization.

The accounting principles applied at the operating segment level in determining the segment measure of profit or loss are the same as those applied at the consolidated financial statement level. Sales and transfers between operating segments are accounted for at market-based transaction prices and are eliminated in consolidation.

Reportable segment information is presented in the following table:

(In thousands)	Americas		International		Corporate/Reconciling Items(a)			Consolidated Totals
2025
Net sales to external customers	$	1,261,841	$	612,973	$	—		$	1,874,814
Less:
Cost of products sold	644,402		346,683		—
Selling, general and administrative	214,011		146,364		43,412
Research and development	38,670		26,674		—
Adjusted operating income	$	364,758	$	93,252
Noncash items:
Depreciation and amortization	47,530		22,864		1,197			$	71,591
Pension (income) expense	(17,799)		3,823		—			(13,976)
Total Assets	1,621,335		935,830		(2,791)		(b)	2,554,374
Capital expenditures	34,479		13,804		20,155			68,438
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	$	380,086	$	84,571
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		42,844			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	$	359,617	$	89,699
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		2,050			2,170,150
Capital expenditures	28,011		13,341		1,412			42,764
(a) Corporate/Reconciling items consist primarily of corporate expenses and other items not directly attributable to reportable segments. (b) Negative Corporate and reconciling items 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:

(In thousands)	2025		2024		2023
Adjusted operating income	$	458,010	$	464,657	$	449,316
Less:
Corporate Expenses	43,412		50,385		51,600
Restructuring charges (Note 4)	3,897		6,397		9,892
Currency exchange losses, net	15,801		3,638		17,079
Interest expense	31,799		36,889		46,733
Other income, net (Note 17)	(26,379)		(22,718)		(22,101)
Acquisition-related amortization	12,615		9,174		9,246
Transaction costs(a)	10,467		886		965
Net cost for product-related legal matter	—		5,000		—
Loss on divestiture of MSA LLC (Note 21)	—		—		129,211
Product liability expense (Note 21)	—		—		3
Income before income taxes	$	366,398	$	375,006	$	206,688
(a)Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations.

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

(In thousands)	2025		2024		2023
United States	$	943,363	$	954,979	$	961,062
Other	931,451		853,161		826,585
Total	$	1,874,814	$	1,808,140	$	1,787,647

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

(In thousands)	2025		2024		2023
United States	$	177,507	$	160,760	$	156,937
Germany	65,230		17,198		18,596
United Kingdom	28,627		30,274		24,740
Other	68,629		59,716		64,902
Total	$	339,993	$	267,948	$	265,175

Total Net sales by product category was as follows:

2025	Consolidated			Americas			International
(In thousands)	Dollars		Percent	Dollars		Percent	Dollars		Percent
Detection (a)	$	763,393	41%	$	501,784	40%	$	261,609	43%
Fire Service (b)	647,474		34%	446,245		35%	201,229		33%
Industrial PPE and Other (c)	463,947		25%	313,812		25%	150,135		24%
Total	$	1,874,814	100%	$	1,261,841	100%	$	612,973	100%
2024	Consolidated			Americas			International
(In thousands)	Dollars		Percent	Dollars		Percent	Dollars		Percent
Detection (a)	$	642,792	36%	$	426,839	34%	$	215,953	38%
Fire Service (b)	712,684		39%	507,738		41%	204,946		36%
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
Detection (a)	$	634,915	36%	$	419,312	34%	$	215,603	39%
Fire Service (b)	684,224		38%	501,676		41%	182,548		33%
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%
(a) Detection includes Fixed Gas and Flame Detection and Portable Gas Detection. Detection includes sales from the M&C acquisition 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 other.