XML 40 R30.htm IDEA: XBRL DOCUMENT v3.25.2

INFORMATION ON REPORTABLE SEGMENTS AND CORPORATE EXPENSE (Tables)

6 Months Ended

Jun. 28, 2025

Segment Reporting [Abstract]

Schedule of Financial Data for Reportable Segments and Other Operating Segments

Financial data for our reportable segments for the three and six months ended June 28, 2025 and June 29, 2024 are presented below:

			Three months ended												Six months ended
			June 28, 2025						June 29, 2024						June 28, 2025						June 29, 2024
HVAC reportable segment
Revenues			$	376.7					$	356.5					$	699.7					$	658.9
Cost of product sold			226.1						224.2						425.7						409.2
Selling, general and administrative expense			54.8						48.6						104.3						97.6
Segment income			$	95.8					$	83.7					$	169.7					$	152.1
Detection and Measurement reportable segment
Revenues			$	175.7					$	144.8					$	335.3					$	307.6
Cost of product sold			96.9						75.4						183.7						171.8
Selling, general and administrative expense			38.8						35.5						75.0						70.5
Segment income			$	40.0					$	33.9					$	76.6					$	65.3
Consolidated revenues			$	552.4					$	501.3					$	1,035.0					$	966.5
Consolidated income for segments			135.8						117.6						246.3						217.4
Corporate expense			13.3						12.0						27.3						25.9
Acquisition-related and other costs (1)			6.9						2.3						13.3						4.9
Long-term incentive compensation expense			3.9						3.7						7.6						7.0
Amortization of acquired intangible assets			24.6						16.8						44.3						31.6
Special charges, net			—						(0.2)						0.1						0.4
Other operating expense, net(2)			0.5						8.4						0.5						8.4
Consolidated operating income			86.6						74.6						153.2						139.2
Other income (expense), net			(2.1)						(1.7)						0.6						(5.7)
Interest expense			(15.6)						(12.8)						(27.9)						(22.6)
Interest income			1.0						0.3						1.9						0.6
Income from continuing operations before income taxes			$	69.9					$	60.4					$	127.8					$	111.5
Capital expenditures:
HVAC reportable segment			$	6.1					$	9.0					$	10.8					$	17.7
Detection and Measurement reportable segment			1.6						1.1						2.4						2.1
Corporate			—						0.3						—						0.5
Total capital expenditures			$	7.7					$	10.4					$	13.2					$	20.3
Depreciation and amortization:
HVAC reportable segment			$	18.9					$	16.7					$	35.8					$	31.2
Detection and Measurement reportable segment			13.0						6.0						22.5						11.9
Corporate			0.6						0.7						1.2						1.3
Total depreciation and amortization			$	32.5					$	23.4					$	59.5					$	44.4

			Three months ended												Six months ended
			June 28, 2025						June 29, 2024						June 28, 2025						June 29, 2024
Geographic Areas:
Revenues: (3)
United States			$	438.9					$	410.6					$	841.9					$	803.5
Canada			49.7						31.6						79.9						53.8
China			21.7						16.5						34.7						29.4
United Kingdom			22.5						23.4						39.9						42.2
Other			19.6						19.2						38.6						37.6
			$	552.4					$	501.3					$	1,035.0					$	966.5
															June 28, 2025						December 31, 2024
Tangible Long-Lived Assets:
United States															$	307.1					$	275.5
Canada															85.8						83.3
Other															29.7						25.7
Total tangible long-lived assets															$	422.6					$	384.5

________________________________

(1)Represents integration costs incurred in connection with acquisitions of $6.9 and $13.3 during the three and six months ended June 28, 2025, respectively, and $2.3 and $4.9 during the three and six months ended June 29, 2024, respectively, including additional “Cost of products sold” related to the step-up of inventory (to fair value) acquired in connection with the KTS acquisition of $0.5 and $0.8 during the three and six months ended June 28, 2025, respectively, and the Ingénia acquisition of $0.9 and $1.8 during the three and six months ended June 29, 2024.

(2)The charge of $8.4 incurred during the three and six months ended June 29, 2024 related to a settlement with the seller of ULC regarding additional contingent consideration.

(3)Revenues are included in the above geographic areas based on the country that recorded the revenue.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration