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INFORMATION ON REPORTABLE SEGMENTS AND CORPORATE EXPENSE (Tables) | 9 Months Ended
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Sep. 27, 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 nine months ended September 27, 2025 and September 28, 2024 are presented below:
| Three months ended |  | Nine months ended |  |
| September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024 |  |  |  |
HVAC reportable segment |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 387.4 |  |  | $ | 335.3 |  |  | $ | 1,087.1 |  |  | $ | 994.2 |  |  |  |  |
Cost of product sold | 236.1 |  |  | 206.0 |  |  | 661.8 |  |  | 615.2 |  |  |  |  |
Selling, general and administrative expense | 56.9 |  |  | 49.3 |  |  | 161.2 |  |  | 146.9 |  |  |  |  |
Segment income | $ | 94.4 |  |  | $ | 80.0 |  |  | $ | 264.1 |  |  | $ | 232.1 |  |  |  |  |
Detection and Measurement reportable segment |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 205.4 |  |  | $ | 148.4 |  |  | $ | 540.7 |  |  | $ | 456.0 |  |  |  |  |
Cost of product sold | 116.6 |  |  | 80.1 |  |  | 300.3 |  |  | 251.9 |  |  |  |  |
Selling, general and administrative expense | 37.1 |  |  | 34.5 |  |  | 112.1 |  |  | 105.0 |  |  |  |  |
Segment income | $ | 51.7 |  |  | $ | 33.8 |  |  | $ | 128.3 |  |  | $ | 99.1 |  |  |  |  |
Consolidated revenues | $ | 592.8 |  |  | $ | 483.7 |  |  | $ | 1,627.8 |  |  | $ | 1,450.2 |  |  |  |  |
Consolidated income for segments | 146.1 |  |  | 113.8 |  |  | 392.4 |  |  | 331.2 |  |  |  |  |
Corporate expense | 12.4 |  |  | 12.4 |  |  | 39.7 |  |  | 38.3 |  |  |  |  |
Acquisition and integration-related costs (1) | 7.7 |  |  | 1.4 |  |  | 21.0 |  |  | 6.3 |  |  |  |  |
Long-term incentive compensation expense | 4.2 |  |  | 4.0 |  |  | 11.8 |  |  | 11.0 |  |  |  |  |
Amortization of acquired intangible assets | 24.6 |  |  | 16.6 |  |  | 68.9 |  |  | 48.2 |  |  |  |  |
Special charges, net | 0.1 |  |  | 0.5 |  |  | 0.2 |  |  | 0.9 |  |  |  |  |
Other operating expense, net (2) | — |  |  | — |  |  | 0.5 |  |  | 8.4 |  |  |  |  |
Consolidated operating income | 97.1 |  |  | 78.9 |  |  | 250.3 |  |  | 218.1 |  |  |  |  |
Other expense, net | (3.2) |  |  | (1.4) |  |  | (2.6) |  |  | (7.1) |  |  |  |  |
Interest expense | (12.0) |  |  | (12.1) |  |  | (39.9) |  |  | (34.7) |  |  |  |  |
Interest income | 1.1 |  |  | 0.6 |  |  | 3.0 |  |  | 1.2 |  |  |  |  |
Loss on amendment/refinancing of senior credit agreement | (1.5) |  |  | — |  |  | (1.5) |  |  | — |  |  |  |  |
Income from continuing operations before income taxes | $ | 81.5 |  |  | $ | 66.0 |  |  | $ | 209.3 |  |  | $ | 177.5 |  |  |  |  |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |
HVAC reportable segment | $ | 6.2 |  |  | $ | 6.0 |  |  | $ | 17.0 |  |  | $ | 23.7 |  |  |  |  |
Detection and Measurement reportable segment | 4.2 |  |  | 1.9 |  |  | 6.6 |  |  | 4.0 |  |  |  |  |
Corporate | — |  |  | — |  |  | — |  |  | 0.5 |  |  |  |  |
Total capital expenditures | $ | 10.4 |  |  | $ | 7.9 |  |  | $ | 23.6 |  |  | $ | 28.2 |  |  |  |  |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |
HVAC reportable segment | $ | 19.6 |  |  | $ | 16.7 |  |  | $ | 55.4 |  |  | $ | 47.9 |  |  |  |  |
Detection and Measurement reportable segment | 12.2 |  |  | 6.2 |  |  | 34.7 |  |  | 18.1 |  |  |  |  |
Corporate | 0.6 |  |  | 0.6 |  |  | 1.8 |  |  | 1.9 |  |  |  |  |
Total depreciation and amortization | $ | 32.4 |  |  | $ | 23.5 |  |  | $ | 91.9 |  |  | $ | 67.9 |  |  |  |  |
| Three months ended |  | Nine months ended
| September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024
Geographic Areas: |  |  |  |  |  |  |
Revenues: (3) |  |  |  |  |  |  |
United States | $ | 470.5 |  |  | $ | 395.8 |  |  | $ | 1,312.4 |  |  | $ | 1,199.3 |
Canada | 55.8 |  |  | 28.2 |  |  | 135.7 |  |  | 82.0 |
China | 18.2 |  |  | 16.5 |  |  | 52.9 |  |  | 45.9 |
United Kingdom | 23.6 |  |  | 24.5 |  |  | 63.5 |  |  | 66.7 |
Other | 24.7 |  |  | 18.7 |  |  | 63.3 |  |  | 56.3 |
| $ | 592.8 |  |  | $ | 483.7 |  |  | $ | 1,627.8 |  |  | $ | 1,450.2 |
|  |  |  |  | September 27, 2025 |  | December 31, 2024
Tangible Long-Lived Assets: |  |  |  |  |  |  |
United States |  |  |  |  | $ | 331.7 |  |  | $ | 275.5 |
Canada |  |  |  |  | 86.3 |  |  | 83.3 |
Other |  |  |  |  | 32.9 |  |  | 25.7 |
Total tangible long-lived assets |  |  |  |  | $ | 450.9 |  |  | $ | 384.5 |
________________________________ (1)Represents integration costs incurred in connection with acquisitions of $7.7 and $21.0 during the three and nine months ended September 27, 2025, respectively, and $1.4 and $6.3 during the three and nine months ended September 28, 2024, respectively. The three and nine months ended September 27, 2025 includes amortization of a deferred compensation asset acquired in connection with the KTS acquisition of $6.5 and $17.4, respectively. Additionally, the three and nine months ended September 27, 2025 includes 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 $1.3, respectively, and the Sigma & Omega acquisition of $0.1 and $0.1, respectively. The nine months ended September 28, 2024 includes $1.8 of additional “Cost of products sold” related to the step-up of inventory (to fair value) associated with the Ingénia acquisition. (2)Represents a charge of $8.4 incurred during the nine months ended September 28, 2024 related to a settlement with the seller of ULC Robotics (“ULC”) regarding additional contingent consideration. (3)Revenues are included in the above geographic areas based on the country that recorded the revenue.

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- 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
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