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Business Segment Information (Tables)

6 Months Ended

Jun. 28, 2025

Segment Reporting [Abstract]

Schedule of Reportable Segments

The following tables present financial information for the Company's reportable segments:

Three Months Ended June 28, 2025
(In thousands)						Flow Control						Industrial Processing						Material Handling						Total
Revenue						$	95,947					$	95,937					$	63,383					$	255,267
Cost of revenue						44,289						55,066						38,870						138,225
Gross Profit						51,658						40,871						24,513						117,042
Gross Profit Margin						53.8%						42.6%						38.7%						45.9%
Operating Expenses:
Selling expenses						14,478						10,851						6,825						32,154
General and administrative expenses						10,023						9,172						4,638						23,833
Research and development expenses						1,330						1,824						570						3,724
Intangible asset amortization expense						1,410						2,436						2,689						6,535
Other segment items (a)						(26)						1,102						(148)						928
Segment Operating Income						$	24,443					$	15,486					$	9,939					$	49,868
Segment Operating Income Margin						25.5%						16.1%						15.7%						19.5%
Corporate Expenses (b)																								(10,491)
Interest Expense, Net																								(2,899)
Other Expense, Net																								(17)
Income Before Provision for Income Taxes																								$	36,461

(In thousands)						Flow Control						Industrial Processing						Material Handling						Corporate						Total
Other Segment Disclosures
Depreciation expense (c)						$	1,855					$	2,468					$	1,199					$	12					$	5,534
Capital expenditures						$	1,380					$	1,595					$	993					$	—					$	3,968

Three Months Ended June 29, 2024
(In thousands)						Flow Control						Industrial Processing						Material Handling						Total
Revenue						$	92,290					$	114,753					$	67,722					$	274,765
Cost of revenue						43,369						67,382						42,127						152,878
Gross Profit						48,921						47,371						25,595						121,887
Gross Profit Margin						53.0%						41.3%			—%			37.8%						44.4%
Operating Expenses:
Selling expenses						13,715						10,394						6,237						30,346
General and administrative expenses						8,606						8,610						4,157						21,373
Research and development expenses						1,420						1,413						649						3,482
Intangible asset amortization expense						1,072						2,728						3,184						6,984
Other segment items (a)						578						134						180						892
Segment Operating Income						$	23,530					$	24,092					$	11,188					$	58,810
Segment Operating Income Margin						25.5%						21.0%						16.5%						21.4%
Corporate Expenses (b)																								(10,409)
Interest Expense, Net																								(4,833)
Other Expense, Net																								(2)
Income Before Provision for Income Taxes																								$	43,566

(In thousands)						Flow Control						Industrial Processing						Material Handling						Corporate						Total
Other Segment Disclosures
Depreciation expense (c)						$	1,540					$	2,367					$	1,088					$	12					$	5,007
Capital expenditures						$	1,961					$	1,851					$	1,157					$	5					$	4,974

Six Months Ended June 28, 2025
(In thousands)						Flow Control						Industrial Processing						Material Handling						Total
Revenue						$	188,388					$	185,461					$	120,628					$	494,477
Cost of revenue						87,457						105,142						74,506						267,105
Gross Profit						100,931						80,319						46,122						227,372
Gross Profit Margin						53.6%						43.3%						38.2%						46.0%
Operating Expenses:
Selling expenses						29,257						21,028						13,293						63,578
General and administrative expenses						18,836						17,559						8,879						45,274
Research and development expenses						2,681						3,430						1,136						7,247
Intangible asset amortization expense						2,903						4,814						5,517						13,234
Other segment items (a)						59						1,170						(177)						1,052
Segment Operating Income						$	47,195					$	32,318					$	17,474					$	96,987
Segment Operating Income Margin						25.1%						17.4%						14.5%						19.6%
Corporate Expenses (b)																								(22,024)
Interest Expense, Net																								(6,204)
Other Expense, Net																								(33)
Income Before Provision for Income Taxes																								$	68,726

(In thousands)						Flow Control						Industrial Processing						Material Handling						Corporate						Total
Other Segment Disclosures
Depreciation expense (c)						$	3,653					$	4,815					$	2,357					$	23					$	10,848
Capital expenditures						$	2,889					$	2,920					$	1,992					$	3					$	7,804

Six Months Ended June 29, 2024
(In thousands)						Flow Control						Industrial Processing						Material Handling						Total
Revenue						$	178,972					$	220,614					$	124,154					$	523,740
Cost of revenue						83,368						129,051						78,472						290,891
Gross Profit						95,604						91,563						45,682						232,849
Gross Profit Margin						53.4%						41.5%						36.8%						44.5%
Operating Expenses:
Selling expenses						27,259						20,766						12,452						60,477
General and administrative expenses						17,674						17,546						8,239						43,459
Research and development expenses						2,969						3,088						1,155						7,212
Intangible asset amortization expense						1,757						5,560						6,538						13,855
Other segment items (a)						705						512						569						1,786
Segment Operating Income						$	45,240					$	44,091					$	16,729					$	106,060
Segment Operating Income Margin						25.3%						20.0%						13.5%						20.3%
Corporate Expenses (b)																								(20,732)
Interest Expense, Net																								(8,891)
Other Expense, Net																								(32)
Income Before Provision for Income Taxes																								$	76,405

(In thousands)						Flow Control						Industrial Processing						Material Handling						Corporate						Total
Other Segment Disclosures
Depreciation expense (c)						$	3,076					$	4,694					$	2,081					$	24					$	9,875
Capital expenditures						$	3,835					$	4,734					$	2,663					$	13					$	11,245

						June 28,  2025						December 28, 2024
(In thousands)
Total Assets (d)
Flow Control						$	454,550					$	431,536
Industrial Processing						588,246						569,817
Material Handling						424,794						411,178
Corporate (e)						16,924						17,814
						$	1,484,514					$	1,430,345

(a)Includes acquisition costs, indemnification asset provisions and reversals associated with uncertain tax positions, and certain gains and losses.

(b)Primarily consists of general and administrative expenses.

(c)Depreciation expense by reportable segment is included within cost of revenue and selling, general and administrative, and research and development expenses.

(d)Excludes intercompany receivables or payables and investment in subsidiary balances as the CODM uses total assets excluding these amounts as the measurement for the Company's segment assets.

(e)Corporate assets primarily consist of cash and cash equivalents, tax assets, right-of-use assets, and property, plant, and equipment, net.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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