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v3.26.1

Revenues (Tables) | 6 Months Ended
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Jun. 30, 2026
Revenue from Contract with Customer [Abstract] |
Schedule of Outstanding Contract Asset and (Liability) Accounts | The outstanding contract asset and liability accounts were as follows:
| 2026 |  | 2025
| (In thousands)
Contract assets—January 1 | $ | 159,896 |  |  | $ | 136,432 |
Contract assets – June 30 | 177,868 |  |  | 160,443 |
Change in contract assets – increase (decrease) | 17,972 |  |  | 24,011 |
Contract liabilities – January 1 | 448,849 |  |  | 400,689 |
Contract liabilities – June 30 | 502,973 |  |  | 420,585 |
Change in contract liabilities – (increase) decrease | (54,124) |  |  | (19,896) |
Net change | $ | (36,152) |  |  | $ | 4,115 |
Schedule of Revenue From External Customers by Geographic Areas | Information about the Company’s operations in different geographic areas was as follows for the three and six months ended June 30:
| Three months ended June 30, 2026 |  | Six months ended June 30, 2026
| EIG |  | EMG |  | Total |  | EIG |  | EMG |  | Total
| (In thousands)
United States | $ | 654,569 |  |  | $ | 426,174 |  |  | $ | 1,080,743 |  |  | $ | 1,273,953 |  |  | $ | 811,565 |  |  | $ | 2,085,518 |
International(1): |  |  |  |  |  |  |  |  |  |  |
United Kingdom | 27,756 |  |  | 35,810 |  |  | 63,566 |  |  | 61,933 |  |  | 73,870 |  |  | 135,803 |
European Union countries | 163,094 |  |  | 128,060 |  |  | 291,154 |  |  | 325,109 |  |  | 256,637 |  |  | 581,746 |
Asia | 336,784 |  |  | 81,842 |  |  | 418,626 |  |  | 660,251 |  |  | 148,409 |  |  | 808,660 |
Other foreign countries | 138,950 |  |  | 51,358 |  |  | 190,308 |  |  | 264,443 |  |  | 96,664 |  |  | 361,107 |
Total international | 666,584 |  |  | 297,070 |  |  | 963,654 |  |  | 1,311,736 |  |  | 575,580 |  |  | 1,887,316 |
Consolidated net sales | $ | 1,321,153 |  |  | $ | 723,244 |  |  | $ | 2,044,397 |  |  | $ | 2,585,689 |  |  | $ | 1,387,145 |  |  | $ | 3,972,834 |
________________ (1) Includes U.S. export sales of $570.5 million and $1,103.9 million for the three and six months ended June 30, 2026, respectively.
| Three months ended June 30, 2025 |  | Six months ended June 30, 2025
| EIG |  | EMG |  | Total |  | EIG |  | EMG |  | Total
| (In thousands)
United States | $ | 576,268 |  |  | $ | 358,738 |  |  | $ | 935,006 |  |  | $ | 1,156,393 |  |  | $ | 706,143 |  |  | $ | 1,862,536 |
International(1): |  |  |  |  |  |  |  |  |  |  |
United Kingdom | 24,739 |  |  | 37,603 |  |  | 62,342 |  |  | 55,556 |  |  | 75,409 |  |  | 130,965 |
European Union countries | 145,453 |  |  | 109,137 |  |  | 254,590 |  |  | 277,919 |  |  | 213,322 |  |  | 491,241 |
Asia | 289,965 |  |  | 62,281 |  |  | 352,246 |  |  | 564,830 |  |  | 117,459 |  |  | 682,289 |
Other foreign countries | 123,146 |  |  | 50,726 |  |  | 173,872 |  |  | 248,546 |  |  | 94,450 |  |  | 342,996 |
Total international | 583,303 |  |  | 259,747 |  |  | 843,050 |  |  | 1,146,851 |  |  | 500,640 |  |  | 1,647,491 |
Consolidated net sales | $ | 1,159,571 |  |  | $ | 618,485 |  |  | $ | 1,778,056 |  |  | $ | 2,303,244 |  |  | $ | 1,206,783 |  |  | $ | 3,510,027 |
______________ (1) Includes U.S. export sales of $472.9 million and $942.9 million for the three and six months ended June 30, 2025.
Schedule of Revenue From External Customers by Products and Services | The Company’s major products and services in the reportable segments were as follows:
| Three months ended June 30, 2026 |  | Six months ended June 30, 2026
| EIG |  | EMG |  | Total |  | EIG |  | EMG |  | Total
| (In thousands)
Process and analytical instrumentation | $ | 943,965 |  |  | $ | — |  |  | $ | 943,965 |  |  | $ | 1,835,595 |  |  | $ | — |  |  | $ | 1,835,595 |
Aerospace and power | 377,188 |  |  | 221,918 |  |  | 599,106 |  |  | 750,094 |  |  | 418,513 |  |  | 1,168,607 |
Automation and engineered solutions | — |  |  | 501,326 |  |  | 501,326 |  |  | — |  |  | 968,632 |  |  | 968,632 |
Consolidated net sales | $ | 1,321,153 |  |  | $ | 723,244 |  |  | $ | 2,044,397 |  |  | $ | 2,585,689 |  |  | $ | 1,387,145 |  |  | $ | 3,972,834 |
| Three months ended June 30, 2025 |  | Six months ended June 30, 2025
| EIG |  | EMG |  | Total |  | EIG |  | EMG |  | Total
| (In thousands)
Process and analytical instrumentation | $ | 802,866 |  |  | $ | — |  |  | $ | 802,866 |  |  | $ | 1,579,737 |  |  | $ | — |  |  | $ | 1,579,737 |
Aerospace and power | 356,705 |  |  | 180,723 |  |  | 537,428 |  |  | 723,507 |  |  | 352,631 |  |  | 1,076,138 |
Automation and engineered solutions | — |  |  | 437,762 |  |  | 437,762 |  |  | — |  |  | 854,152 |  |  | 854,152 |
Consolidated net sales | $ | 1,159,571 |  |  | $ | 618,485 |  |  | $ | 1,778,056 |  |  | $ | 2,303,244 |  |  | $ | 1,206,783 |  |  | $ | 3,510,027 |
Schedule of Disaggregation of Revenue |
| Three months ended June 30, 2026 |  | Six months ended June 30, 2026
| EIG |  | EMG |  | Total |  | EIG |  | EMG |  | Total
| (In thousands)
Products transferred at a point in time | $ | 1,065,967 |  |  | $ | 628,390 |  |  | $ | 1,694,357 |  |  | $ | 2,067,179 |  |  | $ | 1,217,455 |  |  | $ | 3,284,634 |
Products and services transferred over time | 255,186 |  |  | 94,854 |  |  | 350,040 |  |  | 518,510 |  |  | 169,690 |  |  | 688,200 |
Consolidated net sales | $ | 1,321,153 |  |  | $ | 723,244 |  |  | $ | 2,044,397 |  |  | $ | 2,585,689 |  |  | $ | 1,387,145 |  |  | $ | 3,972,834 |
| Three months ended June 30, 2025 |  | Six months ended June 30, 2025
| EIG |  | EMG |  | Total |  | EIG |  | EMG |  | Total
| (In thousands)
Products transferred at a point in time | $ | 919,601 |  |  | $ | 564,030 |  |  | $ | 1,483,631 |  |  | $ | 1,826,488 |  |  | $ | 1,097,438 |  |  | $ | 2,923,926 |
Products and services transferred over time | 239,970 |  |  | 54,455 |  |  | 294,425 |  |  | 476,756 |  |  | 109,345 |  |  | 586,101 |
Consolidated net sales | $ | 1,159,571 |  |  | $ | 618,485 |  |  | $ | 1,778,056 |  |  | $ | 2,303,244 |  |  | $ | 1,206,783 |  |  | $ | 3,510,027 |
Schedule of Product Warranty Liability | Changes in the accrued product warranty obligation were as follows:
| Six Months Ended June 30,
| 2026 |  | 2025
| (In thousands)
Balance at the beginning of the period | $ | 44,738 |  |  | $ | 38,555 |
Accruals for warranties issued during the period | 8,576 |  |  | 9,970 |
Settlements made during the period | (9,482) |  |  | (9,418) |
Warranty accruals related to acquired businesses and other during the period | (188) |  |  | 2,123 |
Balance at the end of the period | $ | 43,644 |  |  | $ | 41,230 |

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