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v3.26.1

INFORMATION ON REPORTABLE SEGMENTS AND CORPORATE EXPENSE (Tables) | 6 Months Ended
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Jun. 27, 2026
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 27, 2026 and June 28, 2025 are presented below:
| Three months ended |  | Six months ended |  |
| June 27, 2026 |  | June 28, 2025 |  | June 27, 2026 |  | June 28, 2025 |  |  |  |
HVAC reportable segment |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 480.6 |  |  | $ | 376.7 |  |  | $ | 874.6 |  |  | $ | 699.7 |  |  |  |  |
Cost of products sold | 307.2 |  |  | 226.1 |  |  | 553.8 |  |  | 425.7 |  |  |  |  |
Selling, general and administrative expense | 63.6 |  |  | 54.8 |  |  | 122.4 |  |  | 104.3 |  |  |  |  |
Segment income | $ | 109.8 |  |  | $ | 95.8 |  |  | $ | 198.4 |  |  | $ | 169.7 |  |  |  |  |
Detection and Measurement reportable segment |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 198.4 |  |  | $ | 175.7 |  |  | $ | 371.2 |  |  | $ | 335.3 |  |  |  |  |
Cost of products sold | 98.1 |  |  | 96.9 |  |  | 186.3 |  |  | 183.7 |  |  |  |  |
Selling, general and administrative expense | 43.0 |  |  | 38.8 |  |  | 80.9 |  |  | 75.0 |  |  |  |  |
Segment income | $ | 57.3 |  |  | $ | 40.0 |  |  | $ | 104.0 |  |  | $ | 76.6 |  |  |  |  |
Consolidated revenues | $ | 679.0 |  |  | $ | 552.4 |  |  | $ | 1,245.8 |  |  | $ | 1,035.0 |  |  |  |  |
Consolidated income for segments | 167.1 |  |  | 135.8 |  |  | 302.4 |  |  | 246.3 |  |  |  |  |
Corporate expense | 15.8 |  |  | 13.3 |  |  | 30.3 |  |  | 27.3 |  |  |  |  |
Acquisition and integration-related costs (1) | 3.2 |  |  | 6.9 |  |  | 8.2 |  |  | 13.3 |  |  |  |  |
Long-term incentive compensation expense | 4.3 |  |  | 3.9 |  |  | 8.0 |  |  | 7.6 |  |  |  |  |
Amortization of acquired intangible assets (2) | 27.2 |  |  | 24.6 |  |  | 51.4 |  |  | 44.3 |  |  |  |  |
Special charges, net | 1.6 |  |  | — |  |  | 1.8 |  |  | 0.1 |  |  |  |  |
Other operating expense, net | — |  |  | 0.5 |  |  | — |  |  | 0.5 |  |  |  |  |
Consolidated operating income | 115.0 |  |  | 86.6 |  |  | 202.7 |  |  | 153.2 |  |  |  |  |
Other income (expense), net | (5.1) |  |  | (2.1) |  |  | (8.1) |  |  | 0.6 |  |  |  |  |
Interest expense | (8.8) |  |  | (15.6) |  |  | (17.2) |  |  | (27.9) |  |  |  |  |
Interest income | 1.1 |  |  | 1.0 |  |  | 2.2 |  |  | 1.9 |  |  |  |  |
Income from continuing operations before income taxes | $ | 102.2 |  |  | $ | 69.9 |  |  | $ | 179.6 |  |  | $ | 127.8 |  |  |  |  |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |
HVAC reportable segment | $ | 18.9 |  |  | $ | 6.1 |  |  | $ | 35.2 |  |  | $ | 10.8 |  |  |  |  |
Detection and Measurement reportable segment | 2.2 |  |  | 1.6 |  |  | 4.2 |  |  | 2.4 |  |  |  |  |
Capital expenditures of reportable segments | 21.1 |  |  | 7.7 |  |  | 39.4 |  |  | 13.2 |  |  |  |  |
Corporate | — |  |  | — |  |  | 0.2 |  |  | — |  |  |  |  |
Total capital expenditures | $ | 21.1 |  |  | $ | 7.7 |  |  | $ | 39.6 |  |  | $ | 13.2 |  |  |  |  |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |
HVAC reportable segment | $ | 25.2 |  |  | $ | 18.9 |  |  | $ | 47.1 |  |  | $ | 35.8 |  |  |  |  |
Detection and Measurement reportable segment | 10.0 |  |  | 13.0 |  |  | 19.6 |  |  | 22.5 |  |  |  |  |
Depreciation and amortization of reportable segments | 35.2 |  |  | 31.9 |  |  | 66.7 |  |  | 58.3 |  |  |  |  |
Corporate | 0.5 |  |  | 0.6 |  |  | 1.1 |  |  | 1.2 |  |  |  |  |
Total depreciation and amortization | $ | 35.7 |  |  | $ | 32.5 |  |  | $ | 67.8 |  |  | $ | 59.5 |  |  |  |  |
| Three months ended |  | Six months ended
| June 27, 2026 |  | June 28, 2025 |  | June 27, 2026 |  | June 28, 2025
Geographic Areas: |  |  |  |  |  |  |
Revenues: (3) |  |  |  |  |  |  |
United States | $ | 538.0 |  |  | $ | 438.9 |  |  | $ | 985.6 |  |  | $ | 841.9 |
Canada | 68.4 |  |  | 49.7 |  |  | 130.8 |  |  | 79.9 |
China | 23.5 |  |  | 21.7 |  |  | 40.5 |  |  | 34.7 |
United Kingdom | 21.6 |  |  | 22.5 |  |  | 42.9 |  |  | 39.9 |
Other | 27.5 |  |  | 19.6 |  |  | 46.0 |  |  | 38.6 |
| $ | 679.0 |  |  | $ | 552.4 |  |  | $ | 1,245.8 |  |  | $ | 1,035.0 |
|  |  |  |  | June 27, 2026 |  | December 31, 2025
Tangible Long-Lived Assets: |  |  |  |  |  |  |
United States |  |  |  |  | $ | 457.0 |  |  | $ | 419.4 |
Canada |  |  |  |  | 87.6 |  |  | 88.2 |
Other |  |  |  |  | 36.9 |  |  | 35.6 |
Long-lived assets of continuing operations |  |  |  |  | 581.5 |  |  | 543.2 |
Long-lived assets of discontinued operations, DBT and Heat Transfer |  |  |  |  | — |  |  | — |
Total tangible long-lived assets |  |  |  |  | $ | 581.5 |  |  | $ | 543.2 |
________________________________ (1)Represents acquisition and integration-related costs incurred in connection with acquisitions of $3.2 and $8.2 during the three and six months ended June 27, 2026, respectively, and $6.9 and $13.3 during the three and six months ended June 28, 2025, respectively, including additional “Cost of products sold” related to the step-up of inventory (to fair value) acquired in connection with the Thermolec and Crawford acquisitions of $0.4 and $0.1 during the six months ended June 27, 2026, respectively, and the KTS acquisition of $0.5 and $0.8 during the three and six months ended June 28, 2025, respectively. (2)Includes intangible asset amortization of $0.9 and $1.8 recorded in cost of products sold within the condensed consolidated statement of operations for the three and six months ended June 27, 2026, respectively. (3)Revenues are included in the above geographic areas based on the country that recorded the revenue.

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