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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2025
Business Acquisition [Line Items]  
Schedule of Consolidated Statements of Earnings and Comprehensive Income

The following table summarizes the Parallel, Geometrik, Zahner and 3form results included on our Consolidated Statements of Earnings and Comprehensive Income for the years ended December 31, 2025 and 2024:

 

 

2025

 

 

2024

 

Net sales

 

$

164.2

 

 

$

69.6

 

Operating income (1)

 

 

11.7

 

 

 

3.0

 

(1)
For the years ended December 31, 2025 and 2024, operating income included depreciation and amortization of $16.2 million and $6.5 million, respectively.
Schedule of Business Acquisitions

The following table summarizes aggregate unaudited as reported and pro forma information assuming the acquisitions of Parallel, Geometrik, Zahner and 3form had occurred on January 1, 2023. 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 Parallel, Geometrik, 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, 2023.

 

 

2025

 

 

2024

 

 

2023

 

Net sales, pro forma

$

1,628.5

 

 

$

1,522.8

 

 

$

1,431.2

 

Net sales, as reported

 

1,620.8

 

 

 

1,445.7

 

 

 

1,295.2

 

Earnings before income taxes, pro forma

 

400.8

 

 

 

344.7

 

 

 

297.8

 

Earnings before income taxes, as reported

 

400.3

 

 

 

347.1

 

 

 

298.3

 

 

Zahner [Member]  
Business Acquisition [Line Items]  
Schedule of Preliminary Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives The following table summarizes the 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

 

 

4.4

 

 

5 years

Backlog

 

 

4.3

 

 

2 years

Non-compete agreements

 

 

1.6

 

 

3 years

Total identifiable intangible assets

 

$

16.1

 

 

 

3form [Member]  
Business Acquisition [Line Items]  
Schedule of Preliminary Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives The following table summarizes the fair values of identifiable intangible assets acquired, and their estimated useful lives:

 

 

Fair Value at Acquisition Date

 

 

Estimated Useful Life

Trademarks and brand names

 

$

11.6

 

 

15 years

Customer relationships

 

 

10.2

 

 

5 years

Developed technology

 

 

6.2

 

 

10 - 16 years

Non-compete agreements

 

 

5.1

 

 

5 years

Software

 

 

4.1

 

 

5 years

Backlog

 

 

0.4

 

 

1 year

Total identifiable intangible assets

 

$

37.6