Information regarding industry segments at March 31, 2025 and 2024 and for the three months then ended are as follows (in millions):


		Life Science		Clinical Diagnostics		Other Operations
Net sales	2025	$	228.6	$	356.8	$	—
	2024	$	241.7	$	368.6	$	0.5

Cost of goods sold	2025	$	100.2	$	179.2	$	—
	2024	110.0		174.3		0.6

Depreciation and amortization	2025	$	17.0	$	21.1	$	—
	2024	16.3		20.8		—

Segment profit	2025	$	128.4	$	177.6	$	—
	2024	$	131.7	$	194.3	$	(0.1)

Segment assets	2025	$	308.1	$	482.0	$	—
	2024	291.7		491.7		—

Segment results are presented in the same manner as we present our operations internally to make operating decisions and assess performance. Our chief operating decision maker ("CODM") views Gross profit as the key driver in management's performance optimization strategy.

The following reconciles total segment gross profit to consolidated income before income taxes (in millions):


	Three Months Ended
	March 31,
	2025		2024
Total segment profit	$	306.0	$	325.9
Selling, general and administrative expense	(208.8)		(214.9)
Research and development expense	(73.5)		(66.4)
Interest expense	(12.0)		(12.3)
Foreign currency exchange gains, net	2.7		2.0
Gains from change in fair market value of equity securities and loan receivable	31.8		422.2
Other income, net	37.2		34.6
Consolidated income before income taxes	$	83.4	$	491.1

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details