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v3.25.4

Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2025
Business Acquisition [Line Items] |
Schedule of Consolidated Statements of Earnings and Comprehensive Income | The following table summarizes the Parallel, Geometrik, Zahner and 3form results included on our Consolidated Statements of Earnings and Comprehensive Income for the years ended December 31, 2025 and 2024:
|  | 2025 |  |  | 2024 |
Net sales |  | $ | 164.2 |  |  | $ | 69.6 |
Operating income (1) |  |  | 11.7 |  |  |  | 3.0 |
(1) For the years ended December 31, 2025 and 2024, operating income included depreciation and amortization of $16.2 million and $6.5 million, respectively.
Schedule of Business Acquisitions | The following table summarizes aggregate unaudited as reported and pro forma information assuming the acquisitions of Parallel, Geometrik, Zahner and 3form had occurred on January 1, 2023. The unaudited pro forma results include the depreciation and amortization associated with the acquired assets. The unaudited pro forma results do not include any expected benefits from the Parallel, Geometrik, Zahner and 3form acquisitions. Accordingly, the unaudited pro forma results are not necessarily indicative of either future results of operations or results that might have been achieved had the acquisitions been consummated as of January 1, 2023.
|  | 2025 |  |  | 2024 |  |  | 2023 |
Net sales, pro forma | $ | 1,628.5 |  |  | $ | 1,522.8 |  |  | $ | 1,431.2 |
Net sales, as reported |  | 1,620.8 |  |  |  | 1,445.7 |  |  |  | 1,295.2 |
Earnings before income taxes, pro forma |  | 400.8 |  |  |  | 344.7 |  |  |  | 297.8 |
Earnings before income taxes, as reported |  | 400.3 |  |  |  | 347.1 |  |  |  | 298.3 |
Zahner [Member] |
Business Acquisition [Line Items] |
Schedule of Preliminary Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives | The following table summarizes the fair values of identifiable intangible assets acquired, and their estimated useful lives:
|  | Fair Value at Acquisition Date |  |  | Estimated Useful Life
Trademarks and brand names |  | $ | 5.8 |  |  | 15 years
Customer relationships |  |  | 4.4 |  |  | 5 years
Backlog |  |  | 4.3 |  |  | 2 years
Non-compete agreements |  |  | 1.6 |  |  | 3 years
Total identifiable intangible assets |  | $ | 16.1 |  |  |
3form [Member] |
Business Acquisition [Line Items] |
Schedule of Preliminary Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives | The following table summarizes the fair values of identifiable intangible assets acquired, and their estimated useful lives:
|  | Fair Value at Acquisition Date |  |  | Estimated Useful Life
Trademarks and brand names |  | $ | 11.6 |  |  | 15 years
Customer relationships |  |  | 10.2 |  |  | 5 years
Developed technology |  |  | 6.2 |  |  | 10 - 16 years
Non-compete agreements |  |  | 5.1 |  |  | 5 years
Software |  |  | 4.1 |  |  | 5 years
Backlog |  |  | 0.4 |  |  | 1 year
Total identifiable intangible assets |  | $ | 37.6 |  |  |

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