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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 27, 2026
Dec. 31, 2025
Current assets:    
Cash and equivalents $ 166.4 $ 364.0
Accounts receivable, net 442.4 357.2
Contract assets 78.1 65.0
Inventories, net 374.0 302.2
Other current assets 41.5 55.3
Total current assets 1,102.4 1,143.7
Property, plant and equipment:    
Land 26.8 26.9
Buildings and leasehold improvements 174.4 167.9
Machinery and equipment 378.1 338.1
Property, plant and equipment, gross 579.3 532.9
Accumulated depreciation (254.5) (242.1)
Property, plant and equipment, net 324.8 290.8
Goodwill 1,234.3 1,043.4
Intangibles, net 1,015.3 868.2
Other assets 254.1 250.2
Deferred income taxes 2.6 2.2
Assets of DBT and Heat Transfer (includes cash and equivalents of $1.8 and $2.0 at June 27, 2026 and December 31, 2025, respectively) (Note 3) 5.8 6.1
TOTAL ASSETS 3,939.3 3,604.6
Current liabilities:    
Accounts payable 194.6 145.2
Contract liabilities 128.2 115.8
Accrued expenses 183.4 185.2
Income taxes payable 13.7 10.0
Short-term debt 74.3 1.4
Current maturities of long-term debt 9.9 3.5
Total current liabilities 604.1 461.1
Long-term debt 530.5 496.7
Deferred and other income taxes 198.4 149.7
Other long-term liabilities 243.7 245.5
Liabilities of DBT and Heat Transfer (Note 3) 14.2 14.1
Total long-term liabilities 986.8 906.0
Commitments and contingent liabilities (Note 15)
Stockholders' Equity:    
Common stock (57,688,145 and 50,080,345 issued and outstanding at June 27, 2026, respectively, and 57,570,062 and 49,866,896 issued and outstanding at December 31, 2025, respectively) 0.6 0.6
Paid-in capital 1,933.8 1,938.2
Retained earnings 621.1 482.8
Accumulated other comprehensive income 232.0 260.5
Common stock in treasury (7,607,800 and 7,703,166 shares at June 27, 2026 and December 31, 2025, respectively) (439.1) (444.6)
Total stockholders' equity 2,348.4 2,237.5
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,939.3 $ 3,604.6