XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.25.3

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company is organized into four geographical operating segments that are based on management responsibilities: Northern North America; Latin America; Europe, Middle East & Africa; and Asia Pacific. The operating segments have been aggregated (based on economic similarities, the nature of their products and solutions, end-user markets and methods of distribution) into three reportable segments: Americas, International, and Corporate. The Americas segment is comprised of our operations in Northern North America and Latin America geographies. The International segment is comprised of our operations in all geographies outside of the Americas. Certain global expenses are allocated to each segment in a manner consistent with where the benefits from the expenses are derived. The Company's sales are allocated to each segment based primarily on the country destination of the end-customer. The Company adopted ASU No. 2023-07 (“ASU 2023-07”), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures for the year ended December 31, 2024, and applied it retrospectively for all prior periods presented. Adjusted operating income (loss) is the measure used by the chief operating decision maker, identified as our President and Chief Executive Officer, to evaluate segment performance and identify opportunities when allocating resources. Adjusted operating income (loss) is defined as operating income excluding restructuring charges, currency exchange gains (losses), transaction costs and acquisition-related amortization. The accounting principles applied at the operating segment level in determining the segment measure of profit or loss are the same as those applied at the unaudited condensed consolidated financial statement level. Sales and transfers between operating segments are accounted for at market-based transaction prices and are eliminated in consolidation. Reportable segment information is presented in the following table:
(In thousands) | Americas |  | International |  | Corporate |  | Reconciling Items(a) |  | Consolidated Totals
Three Months Ended September 30, 2025 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 313,350 |  |  | $ | 155,095 |  |  | $ | — |  |  |  |  | $ | 468,445 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 160,068 |  |  | 87,166 |  |  | — |  |  | — |  |  |
Selling, general and administrative | 54,876 |  |  | 36,300 |  |  | 9,773 |  |  | — |  |  |
Research and development | 9,726 |  |  | 6,795 |  |  | — |  |  | — |  |  |
Adjusted operating income (loss) | 88,680 |  |  | 24,834 |  |  | (9,773) |  |  | — |  |  | 103,741 |
Noncash items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 11,942 |  |  | 6,423 |  |  | 220 |  |  | — |  |  | 18,585 |
Pension (income) expense | (4,695) |  |  | 931 |  |  | — |  |  | — |  |  | (3,764) |
Total Assets | 1,587,038 |  |  | 958,479 |  |  | 10,407 |  |  | (2,347) |  |  | 2,553,577 |
Capital expenditures | 6,873 |  |  | 4,831 |  |  | 282 |  |  | — |  |  | 11,986 |
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 299,497 |  |  | $ | 133,182 |  |  | $ | — |  |  |  |  | $ | 432,679 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 147,189 |  |  | 75,788 |  |  | (23) |  |  | — |  |  |
Selling, general and administrative | 50,494 |  |  | 32,505 |  |  | 12,104 |  |  | — |  |  |
Research and development | 9,992 |  |  | 6,715 |  |  | — |  |  | — |  |  |
Adjusted operating income (loss) | 91,822 |  |  | 18,174 |  |  | (12,081) |  |  | — |  |  | 97,915 |
Noncash items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 11,314 |  |  | 4,416 |  |  | 229 |  |  | — |  |  | 15,959 |
Pension (income) expense | (3,258) |  |  | 1,050 |  |  | — |  |  | — |  |  | (2,208) |
Total Assets | 1,478,150 |  |  | 763,927 |  |  | 172 |  |  | (322) |  |  | 2,241,927 |
Capital expenditures | 8,342 |  |  | 5,496 |  |  | 416 |  |  | — |  |  | 14,254 |
(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
Nine Months Ended September 30, 2025 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 926,649 |  |  | $ | 437,251 |  |  | $ | — |  |  |  |  | $ | 1,363,900 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 475,751 |  |  | 247,395 |  |  | — |  |  | — |  |  |
Selling, general and administrative | 161,039 |  |  | 106,136 |  |  | 31,718 |  |  | — |  |  |
Research and development | 29,165 |  |  | 20,021 |  |  | — |  |  | — |  |  |
Adjusted operating income (loss) | 260,694 |  |  | 63,699 |  |  | (31,718) |  |  | — |  |  | 292,675 |
Noncash items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 35,415 |  |  | 16,541 |  |  | 979 |  |  | — |  |  | 52,935 |
Pension (income) expense | (13,364) |  |  | 2,683 |  |  | — |  |  | — |  |  | (10,681) |
Total Assets | 1,587,038 |  |  | 958,479 |  |  | 10,407 |  |  | (2,347) |  |  | 2,553,577 |
Capital expenditures | 23,228 |  |  | 8,830 |  |  | 20,046 |  |  | — |  |  | 52,104 |
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 909,745 |  |  | $ | 398,698 |  |  | $ | — |  |  |  |  | $ | 1,308,443 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 448,359 |  |  | 227,233 |  |  | (55) |  |  | — |  |  |
Selling, general and administrative | 155,144 |  |  | 95,544 |  |  | 38,408 |  |  | — |  |  |
Research and development | 29,719 |  |  | 19,977 |  |  | — |  |  | — |  |  |
Adjusted operating income (loss) | 276,523 |  |  | 55,944 |  |  | (38,353) |  |  | — |  |  | 294,114 |
Noncash items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 34,146 |  |  | 12,766 |  |  | 651 |  |  | — |  |  | 47,563 |
Pension (income) expense | (8,466) |  |  | 3,150 |  |  | — |  |  | — |  |  | (5,316) |
Total Assets | 1,478,150 |  |  | 763,927 |  |  | 172 |  |  | (322) |  |  | 2,241,927 |
Capital expenditures | 21,828 |  |  | 15,570 |  |  | 2,416 |  |  | — |  |  | 39,814 |
(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 September 30, |  | Nine Months Ended September 30,
(In thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Adjusted operating income |  | $ | 103,741 |  | $ | 97,915 |  | $ | 292,675 |  | $ | 294,114
Less: |  |  |  |  |  |  |  |
Currency exchange losses, net |  | 3,875 |  | 2,985 |  | 13,237 |  | 4,715
Restructuring charges (Note 4) |  | 58 |  | 1,184 |  | 2,470 |  | 5,744
Interest expense |  | 8,416 |  | 9,153 |  | 23,368 |  | 29,556
Other income, net |  | (6,562) |  | (5,833) |  | (18,585) |  | (16,215)
Acquisition-related amortization |  | 3,595 |  | 2,269 |  | 9,033 |  | 6,888
Transaction costs(a) |  | 1,903 |  | — |  | 10,002 |  | 234
Net cost for product-related legal matter |  | — |  | — |  | — |  | 5,000
Income before income taxes |  | $ | 92,456 |  | $ | 88,157 |  | $ | 253,150 |  | $ | 258,192
(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.
Total sales by product group was as follows:
Three Months Ended September 30, 2025 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Detection (a) | $ | 191,188 |  |  | 41% |  | $ | 124,111 |  |  | 40% |  | $ | 67,077 |  |  | 43%
Fire Service (b) | 158,654 |  |  | 34% |  | 109,497 |  |  | 35% |  | 49,157 |  |  | 32%
Industrial PPE and Other (c) | 118,603 |  |  | 25% |  | 79,742 |  |  | 25% |  | 38,861 |  |  | 25%
Total | $ | 468,445 |  |  | 100% |  | $ | 313,350 |  |  | 100% |  | $ | 155,095 |  |  | 100%
Three Months Ended September 30, 2024 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Detection (a) | $ | 163,150 |  |  | 38% |  | $ | 110,459 |  |  | 37% |  | $ | 52,691 |  |  | 40%
Fire Service (b) | 160,515 |  |  | 37% |  | 111,992 |  |  | 37% |  | 48,523 |  |  | 36%
Industrial PPE and Other (c) | 109,014 |  |  | 25% |  | 77,046 |  |  | 26% |  | 31,968 |  |  | 24%
Total | $ | 432,679 |  |  | 100% |  | $ | 299,497 |  |  | 100% |  | $ | 133,182 |  |  | 100%
Nine Months Ended September 30, 2025 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Detection (a) | $ | 546,094 |  |  | 40% |  | $ | 361,176 |  |  | 39% |  | $ | 184,918 |  |  | 42%
Fire Service (b) | 472,576 |  |  | 35% |  | 326,220 |  |  | 35% |  | 146,356 |  |  | 33%
Industrial PPE and Other (c) | 345,230 |  |  | 25% |  | 239,253 |  |  | 26% |  | 105,977 |  |  | 25%
Total | $ | 1,363,900 |  |  | 100% |  | $ | 926,649 |  |  | 100% |  | $ | 437,251 |  |  | 100%
Nine Months Ended September 30, 2024 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Detection (a) | $ | 473,214 |  |  | 36% |  | $ | 318,159 |  |  | 35% |  | $ | 155,055 |  |  | 39%
Fire Service (b) | 496,478 |  |  | 38% |  | 352,730 |  |  | 39% |  | 143,748 |  |  | 36%
Industrial PPE and Other (c) | 338,751 |  |  | 26% |  | 238,856 |  |  | 26% |  | 99,895 |  |  | 25%
Total | $ | 1,308,443 |  |  | 100% |  | $ | 909,745 |  |  | 100% |  | $ | 398,698 |  |  | 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.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration