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INFORMATION ON REPORTABLE SEGMENTS AND CORPORATE EXPENSE (Tables)
9 Months Ended
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 sold236.1 206.0 661.8 615.2 
Selling, general and administrative expense56.9 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 sold116.6 80.1 300.3 251.9 
Selling, general and administrative expense37.1 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 segments146.1 113.8 392.4 331.2 
Corporate expense12.4 12.4 39.7 38.3 
Acquisition and integration-related costs (1)
7.7 1.4 21.0 6.3 
Long-term incentive compensation expense4.2 4.0 11.8 11.0 
Amortization of acquired intangible assets24.6 16.6 68.9 48.2 
Special charges, net0.1 0.5 0.2 0.9 
Other operating expense, net (2)
— — 0.5 8.4 
Consolidated operating income97.1 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 income1.1 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 segment4.2 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 segment12.2 6.2 34.7 18.1 
Corporate0.6 0.6 1.8 1.9 
Total depreciation and amortization$32.4 $23.5 $91.9 $67.9 
Three months endedNine 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 
Canada55.8 28.2 135.7 82.0 
China18.2 16.5 52.9 45.9 
United Kingdom23.6 24.5 63.5 66.7 
Other24.7 18.7 63.3 56.3 
$592.8 $483.7 $1,627.8 $1,450.2 
September 27, 2025December 31, 2024
Tangible Long-Lived Assets:
United States$331.7 $275.5 
Canada86.3 83.3 
Other32.9 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.