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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | Reportable segment information is presented in the following table:
(In thousands) | Americas |  | International |  | Corporate |  | Reconciling Items(a) |  | Consolidated Totals
Three Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 320,139 |  |  | $ | 153,977 |  |  | $ | — |  |  |  |  | $ | 474,116 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 161,505 |  |  | 88,748 |  |  | — |  |  | — |  |  |
Selling, general and administrative | 55,244 |  |  | 38,145 |  |  | 12,044 |  |  | — |  |  |
Research and development | 10,070 |  |  | 6,926 |  |  | — |  |  | — |  |  |
Adjusted operating income (loss) | 93,320 |  |  | 20,158 |  |  | (12,044) |  |  | — |  |  | 101,434 |
Noncash items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 11,956 |  |  | 5,613 |  |  | 530 |  |  | — |  |  | 18,099 |
Pension (income) expense | (3,974) |  |  | 905 |  |  | — |  |  | — |  |  | (3,069) |
Total Assets | 1,569,407 |  |  | 956,490 |  |  | 26,607 |  |  | (2,293) |  |  | 2,550,211 |
Capital expenditures | 7,527 |  |  | 2,115 |  |  | 19,692 |  |  | — |  |  | 29,334 |
Three Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 314,711 |  |  | $ | 147,752 |  |  | $ | — |  |  |  |  | $ | 462,463 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 153,295 |  |  | 83,887 |  |  | (54) |  |  | — |  |  |
Selling, general and administrative | 52,741 |  |  | 32,717 |  |  | 14,617 |  |  | — |  |  |
Research and development | 10,207 |  |  | 6,863 |  |  | — |  |  | — |  |  |
Adjusted operating income (loss) | 98,468 |  |  | 24,285 |  |  | (14,563) |  |  | — |  |  | 108,190 |
Noncash items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 11,559 |  |  | 4,276 |  |  | 212 |  |  | — |  |  | 16,047 |
Pension (income) expense | (1,950) |  |  | 1,050 |  |  | — |  |  | — |  |  | (900) |
Total Assets | 1,471,290 |  |  | 748,693 |  |  | 24,813 |  |  | (1,225) |  |  | 2,243,571 |
Capital expenditures | 6,946 |  |  | 5,775 |  |  | 1,620 |  |  | — |  |  | 14,341 |
(a)Reconciling items consist primarily of intercompany eliminations and items not directly attributable to operating segments.
(In thousands) | Americas |  | International |  | Corporate |  | Reconciling Items(a) |  | Consolidated Totals
Six Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 613,299 |  |  | $ | 282,157 |  |  | $ | — |  |  |  |  | $ | 895,456 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 315,684 |  |  | 160,228 |  |  | — |  |  | — |  |  |
Selling, general and administrative | 106,162 |  |  | 69,837 |  |  | 21,944 |  |  | — |  |  |
Research and development | 19,439 |  |  | 13,226 |  |  | — |  |  | — |  |  |
Adjusted operating income (loss) | 172,014 |  |  | 38,866 |  |  | (21,944) |  |  | — |  |  | 188,936 |
Noncash items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 23,473 |  |  | 10,118 |  |  | 759 |  |  | — |  |  | 34,350 |
Pension (income) expense | (8,669) |  |  | 1,752 |  |  | — |  |  | — |  |  | (6,917) |
Total Assets | 1,569,407 |  |  | 956,490 |  |  | 26,607 |  |  | (2,293) |  |  | 2,550,211 |
Capital expenditures | 16,285 |  |  | 4,049 |  |  | 19,784 |  |  | — |  |  | 40,118 |
Six Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 610,249 |  |  | $ | 265,516 |  |  | $ | — |  |  |  |  | $ | 875,765 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 301,172 |  |  | 151,444 |  |  | (31) |  |  | — |  |  |
Selling, general and administrative | 104,663 |  |  | 63,040 |  |  | 26,289 |  |  | — |  |  |
Research and development | 19,726 |  |  | 13,262 |  |  | — |  |  | — |  |  |
Adjusted operating income (loss) | 184,688 |  |  | 37,770 |  |  | (26,258) |  |  | — |  |  | 196,200 |
Noncash items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 22,832 |  |  | 8,350 |  |  | 423 |  |  | — |  |  | 31,605 |
Pension (income) expense | (5,208) |  |  | 2,100 |  |  | — |  |  | — |  |  | (3,108) |
Total Assets | 1,471,290 |  |  | 748,693 |  |  | 24,813 |  |  | (1,225) |  |  | 2,243,571 |
Capital expenditures | 13,500 |  |  | 9,841 |  |  | 2,219 |  |  | — |  |  | 25,560 |
(a)Reconciling items consist primarily of intercompany eliminations and items not directly attributable to operating segments.
A reconciliation of total Adjusted operating income from reportable segments to Income before income taxes is presented in the following table:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Adjusted operating income |  | $ | 101,434 |  | $ | 108,190 |  | $ | 188,936 |  | $ | 196,200
Less: |  |  |  |  |  |  |  |
Restructuring charges (Note 4) |  | 488 |  | 1,543 |  | 2,412 |  | 4,560
Currency exchange losses (gains), net |  | 5,286 |  | (603) |  | 9,363 |  | 1,730
Interest expense |  | 8,116 |  | 9,664 |  | 14,951 |  | 20,403
Other income, net |  | (5,000) |  | (4,148) |  | (12,022) |  | (10,382)
Acquisition-related amortization |  | 3,153 |  | 2,306 |  | 5,439 |  | 4,620
Transaction costs(a) |  | 6,645 |  | — |  | 8,099 |  | 234
Net cost for product-related legal matter |  | — |  | 5,000 |  | — |  | 5,000
Income before income taxes |  | $ | 82,746 |  | $ | 94,428 |  | $ | 160,694 |  | $ | 170,035
(a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Income.
Percentage of Total Sales by Product Group | Total sales by product group was as follows:
Three Months Ended June 30, 2025 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Detection (a) | $ | 193,835 |  |  | 41% |  | $ | 127,174 |  |  | 40% |  | $ | 66,661 |  |  | 43%
Fire Service (b) | 163,306 |  |  | 34% |  | 110,815 |  |  | 35% |  | 52,491 |  |  | 34%
Industrial PPE and Other (c) | 116,975 |  |  | 25% |  | 82,150 |  |  | 25% |  | 34,825 |  |  | 23%
Total | $ | 474,116 |  |  | 100% |  | $ | 320,139 |  |  | 100% |  | $ | 153,977 |  |  | 100%
Three Months Ended June 30, 2024 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Detection (a) | $ | 170,848 |  |  | 37% |  | $ | 111,405 |  |  | 35% |  | $ | 59,443 |  |  | 40%
Fire Service (b) | 172,269 |  |  | 37% |  | 118,487 |  |  | 38% |  | 53,782 |  |  | 37%
Industrial PPE and Other (c) | 119,346 |  |  | 26% |  | 84,819 |  |  | 27% |  | 34,527 |  |  | 23%
Total | $ | 462,463 |  |  | 100% |  | $ | 314,711 |  |  | 100% |  | $ | 147,752 |  |  | 100%
Six Months Ended June 30, 2025 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Detection (a) | $ | 354,906 |  |  | 40% |  | $ | 237,065 |  |  | 39% |  | $ | 117,841 |  |  | 42%
Fire Service (b) | 313,922 |  |  | 35% |  | 216,722 |  |  | 35% |  | 97,200 |  |  | 34%
Industrial PPE and Other (c) | 226,628 |  |  | 25% |  | 159,512 |  |  | 26% |  | 67,116 |  |  | 24%
Total | $ | 895,456 |  |  | 100% |  | $ | 613,299 |  |  | 100% |  | $ | 282,157 |  |  | 100%
Six Months Ended June 30, 2024 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Detection (a) | $ | 310,064 |  |  | 35% |  | $ | 207,700 |  |  | 34% |  | $ | 102,364 |  |  | 38%
Fire Service (b) | 335,962 |  |  | 39% |  | 240,738 |  |  | 39% |  | 95,224 |  |  | 36%
Industrial PPE and Other (c) | 229,739 |  |  | 26% |  | 161,811 |  |  | 27% |  | 67,928 |  |  | 26%
Total | $ | 875,765 |  |  | 100% |  | $ | 610,249 |  |  | 100% |  | $ | 265,516 |  |  | 100%
(a) Detection includes Fixed Gas and Flame Detection and Portable Gas detection. Detection includes sales from M&C TechGroup Germany GmbH and its affiliated companies ("M&C"), acquired by the Company, from May 6th, 2025, onward (Americas and International). Refer to Note 15—Acquisitions for further information. (b) Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel. (c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core.

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