XML 97 R31.htm IDEA: XBRL DOCUMENT v3.25.2
Revenue (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue by Reporting Unit
Revenue by reporting unit for the three and six months ended June 30, 2025 and 2024 was as follows:

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Scientific Fluidics & Optics$209.0 $157.6 $403.0 $320.3 
Performance Pneumatic Technologies65.1 59.3 124.1 116.8 
Sealing Solutions61.3 59.8 121.9 120.3 
Material Processing Technologies29.9 27.1 57.8 56.5 
Intersegment elimination(1.4)(0.8)(2.8)(1.5)
Health & Science Technologies363.9 303.0 704.0 612.4 
Pumps109.1 101.4 214.9 203.3 
Water85.8 88.9 168.7 171.9 
Energy55.4 57.7 102.3 110.3 
Agriculture37.1 38.6 69.1 78.3 
Valves23.5 32.8 46.4 69.3 
Intersegment elimination(0.4)(0.5)(0.7)(0.7)
Fluid & Metering Technologies310.5 318.9 600.7 632.4 
Fire & Safety123.6 111.7 234.6 216.8 
Dispensing37.3 45.1 80.9 86.6 
BAND-IT30.6 28.6 60.3 60.0 
Intersegment elimination(0.5)(0.1)(0.8)(0.5)
Fire & Safety/Diversified Products191.0 185.3 375.0 362.9 
Net sales$865.4 $807.2 $1,679.7 $1,607.7 
Schedule of External Net Sales Disaggregated by Geography
Revenue by geographical region for the three and six months ended June 30, 2025 and 2024 was as follows:

Three Months Ended June 30, 2025
HSTFMTFSDPIDEX
U.S.$166.3 $175.7 $93.8 $435.8 
North America, excluding U.S.5.2 18.4 7.9 31.5 
Europe116.1 51.6 52.4 220.1 
Asia69.9 41.7 29.5 141.1 
Other(1)
7.8 23.5 7.9 39.2 
Intersegment elimination(1.4)(0.4)(0.5)(2.3)
Net sales$363.9 $310.5 $191.0 $865.4 

Three Months Ended June 30, 2024
HSTFMTFSDPIDEX
U.S.$141.8 $181.2 $84.5 $407.5 
North America, excluding U.S.4.7 17.3 8.9 30.9 
Europe98.5 55.3 46.3 200.1 
Asia53.8 41.5 36.5 131.8 
Other(1)
5.0 24.1 9.2 38.3 
Intersegment elimination(0.8)(0.5)(0.1)(1.4)
Net sales$303.0 $318.9 $185.3 $807.2 

Six Months Ended June 30, 2025
HSTFMTFSDPIDEX
U.S.$321.4 $344.5 $189.3 $855.2 
North America, excluding U.S.9.9 34.4 16.0 60.3 
Europe218.2 100.0 94.9 413.1 
Asia141.2 76.1 60.5 277.8 
Other(1)
16.1 46.4 15.1 77.6 
Intersegment elimination(2.8)(0.7)(0.8)(4.3)
Net sales$704.0 $600.7 $375.0 $1,679.7 

 Six Months Ended June 30, 2024
HSTFMTFSDPIDEX
U.S.$280.7 $353.8 $170.6 $805.1 
North America, excluding U.S.10.3 33.6 16.3 60.2 
Europe202.6 114.1 91.3 408.0 
Asia109.5 86.2 67.2 262.9 
Other(1)
10.8 45.4 18.0 74.2 
Intersegment elimination(1.5)(0.7)(0.5)(2.7)
Net sales$612.4 $632.4 $362.9 $1,607.7 
(1) Other includes: South America, Middle East, Australia and Africa.
Schedule of Contract with Customer, Asset and Liability
The composition of customer receivables was as follows:
June 30, 2025December 31, 2024
Billed receivables$451.5 $443.2 
Unbilled receivables17.0 17.8 
Total customer receivables$468.5 $461.0 
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The composition of deferred revenue was as follows:
June 30, 2025December 31, 2024
Deferred revenue – current$53.0 $50.7 
Deferred revenue – noncurrent18.2 13.2 
Total deferred revenue$71.2 $63.9