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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 27, 2025
Dec. 31, 2024
Current assets:    
Cash and equivalents $ 229.4 $ 156.9
Accounts receivable, net 386.0 313.6
Contract assets 70.3 11.3
Inventories, net 331.3 271.0
Other current assets 47.4 31.5
Total current assets 1,064.4 784.3
Property, plant and equipment:    
Land 23.6 23.5
Buildings and leasehold improvements 118.7 113.3
Machinery and equipment 329.2 308.1
Property, plant and equipment, gross 471.5 444.9
Accumulated depreciation (244.1) (226.9)
Property, plant and equipment, net 227.4 218.0
Goodwill 1,036.0 834.5
Intangibles, net 888.3 703.0
Other assets 221.0 164.1
Deferred income taxes 2.5 2.4
Assets of DBT and Heat Transfer (includes cash and equivalents of $2.0 and $4.5 at September 27, 2025 and December 31, 2024, respectively) (Note 3) 6.0 8.2
TOTAL ASSETS 3,445.6 2,714.5
Current liabilities:    
Accounts payable 157.6 128.1
Contract liabilities 85.1 62.3
Accrued expenses 174.0 170.8
Income taxes payable 12.4 19.4
Short-term debt 1.4 10.1
Current maturities of long-term debt 0.4 27.6
Total current liabilities 430.9 418.3
Long-term debt 499.8 577.0
Deferred and other income taxes 134.1 97.8
Other long-term liabilities 218.9 224.2
Liabilities of DBT and Heat Transfer (Note 3) 13.6 12.8
Total long-term liabilities 866.4 911.8
Commitments and contingent liabilities (Note 15)
Stockholders' Equity:    
Common stock (57,535,118 and 49,828,522 issued and outstanding at September 27, 2025, respectively, and 54,196,620 and 46,368,240 issued and outstanding at December 31, 2024, respectively) 0.6 0.5
Paid-in capital 1,930.4 1,373.5
Retained earnings 404.9 238.8
Accumulated other comprehensive income 257.2 223.6
Common stock in treasury (7,706,596 and 7,828,380 shares at September 27, 2025 and December 31, 2024, respectively) (444.8) (452.0)
Total stockholders' equity 2,148.3 1,384.4
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,445.6 $ 2,714.5