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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2025
Business Acquisition [Line Items]  
Schedule of Preliminary Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives The following table summarizes the preliminary fair values of identifiable intangible assets acquired, and their estimated useful lives:

 

 

 

Fair Value at Acquisition Date

 

 

Estimated Useful Life

Trademarks and brand names

 

$

5.8

 

 

15 years

Customer relationships

 

 

3.9

 

 

5 years

Backlog

 

 

3.7

 

 

2 years

Non-compete agreements

 

 

1.6

 

 

3 years

Total identifiable intangible assets

 

$

15.0

 

 

 

Valuations for assets acquired and liabilities assumed are based on preliminary estimates that are subject to revisions and may result in adjustments to preliminary values as valuations are finalized.

Schedule of Business Acquisitions

The following table summarizes aggregate unaudited as reported and pro forma information assuming the acquisitions of Zahner and 3form had occurred on January 1, 2024. The unaudited pro forma results include the depreciation and amortization associated with the acquired assets. The unaudited pro forma results do not include any expected benefits from the Zahner and 3form acquisitions. Accordingly, the unaudited pro forma results are not necessarily indicative of either future results of operations or results that might have been achieved had the acquisitions been consummated as of January 1, 2024.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

Net sales, pro forma

 

$

382.7

 

 

$

358.0

 

Net sales, as reported

 

 

382.7

 

 

 

326.3

 

Earnings before income taxes, pro forma

 

 

91.2

 

 

 

80.0

 

Earnings before income taxes, as reported

 

 

90.7

 

 

 

80.2