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Business Segment Information (Tables)

9 Months Ended

Sep. 27, 2025

Segment Reporting [Abstract]

Schedule of Reportable Segments

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

Three Months Ended September 27, 2025
(In thousands)						Flow Control						Industrial Processing						Material Handling						Total
Revenue						$	94,839					$	106,393					$	70,335					$	271,567
Cost of revenue						45,657						59,964						43,285						148,906
Gross Profit						49,182						46,429						27,050						122,661
Gross Profit Margin						51.9%						43.6%						38.5%						45.2%
Operating Expenses:
Selling expenses						14,470						10,728						6,790						31,988
General and administrative expenses						9,512						9,625						4,505						23,642
Research and development expenses						1,460						1,861						598						3,919
Intangible asset amortization expense						1,386						2,600						2,700						6,686
Other segment items (a)						12						2,787						(76)						2,723
Segment Operating Income						$	22,342					$	18,828					$	12,533					$	53,703
Segment Operating Income Margin						23.6%						17.7%						17.8%
Corporate Expenses (b)																								(11,087)
Interest Expense, Net																								(2,716)
Other Expense, Net																								(19)
Income Before Provision for Income Taxes																								$	39,881

(In thousands)						Flow Control						Industrial Processing						Material Handling						Corporate						Total
Other Segment Disclosures
Depreciation expense (c)						$	1,935					$	2,621					$	1,142					$	13					$	5,711
Capital expenditures						$	1,213					$	783					$	1,198					$	—					$	3,194

Three Months Ended September 28, 2024
(In thousands)						Flow Control						Industrial Processing						Material Handling						Total
Revenue						$	97,521					$	110,696					$	63,397					$	271,614
Cost of revenue						46,984						62,011						41,180						150,175
Gross Profit						50,537						48,685						22,217						121,439
Gross Profit Margin						51.8%						44.0%			—%			35.0%						44.7%
Operating Expenses:
Selling expenses						13,757						10,377						6,079						30,213
General and administrative expenses						9,377						8,250						3,936						21,563
Research and development expenses						1,465						1,392						550						3,407
Intangible asset amortization expense						1,765						2,786						2,847						7,398
Other segment items (a)						(108)						(89)						12						(185)
Segment Operating Income						$	24,281					$	25,969					$	8,793					$	59,043
Segment Operating Income Margin						24.9%						23.5%						13.9%
Corporate Expenses (b)																								(10,056)
Interest Expense, Net																								(5,109)
Other Expense, Net																								(16)
Income Before Provision for Income Taxes																								$	43,862

(In thousands)						Flow Control						Industrial Processing						Material Handling						Corporate						Total
Other Segment Disclosures
Depreciation expense (c)						$	1,845					$	2,418					$	1,102					$	12					$	5,377
Capital expenditures						$	1,894					$	1,209					$	1,074					$	8					$	4,185

Nine Months Ended September 27, 2025
(In thousands)						Flow Control						Industrial Processing						Material Handling						Total
Revenue						$	283,227					$	291,854					$	190,963					$	766,044
Cost of revenue						133,114						165,106						117,791						416,011
Gross Profit						150,113						126,748						73,172						350,033
Gross Profit Margin						53.0%						43.4%						38.3%						45.7%
Operating Expenses:
Selling expenses						43,727						31,756						20,083						95,566
General and administrative expenses						28,348						27,184						13,384						68,916
Research and development expenses						4,141						5,291						1,734						11,166
Intangible asset amortization expense						4,289						7,414						8,217						19,920
Other segment items (a)						71						3,957						(253)						3,775
Segment Operating Income						$	69,537					$	51,146					$	30,007					$	150,690
Segment Operating Income Margin						24.6%						17.5%						15.7%
Corporate Expenses (b)																								(33,111)
Interest Expense, Net																								(8,920)
Other Expense, Net																								(52)
Income Before Provision for Income Taxes																								$	108,607

(In thousands)						Flow Control						Industrial Processing						Material Handling						Corporate						Total
Other Segment Disclosures
Depreciation expense (c)						$	5,588					$	7,436					$	3,499					$	36					$	16,559
Capital expenditures						$	4,102					$	3,703					$	3,190					$	3					$	10,998

Nine Months Ended September 28, 2024
(In thousands)						Flow Control						Industrial Processing						Material Handling						Total
Revenue						$	276,493					$	331,310					$	187,551					$	795,354
Cost of revenue						130,352						191,062						119,652						441,066
Gross Profit						146,141						140,248						67,899						354,288
Gross Profit Margin						52.9%						42.3%						36.2%						44.5%
Operating Expenses:
Selling expenses						41,016						31,143						18,531						90,690
General and administrative expenses						27,051						25,796						12,175						65,022
Research and development expenses						4,434						4,480						1,705						10,619
Intangible asset amortization expense						3,522						8,346						9,385						21,253
Other segment items (a)						597						423						581						1,601
Segment Operating Income						$	69,521					$	70,060					$	25,522					$	165,103
Segment Operating Income Margin						25.1%						21.1%						13.6%
Corporate Expenses (b)																								(30,788)
Interest Expense, Net																								(14,000)
Other Expense, Net																								(48)
Income Before Provision for Income Taxes																								$	120,267

(In thousands)						Flow Control						Industrial Processing						Material Handling						Corporate						Total
Other Segment Disclosures
Depreciation expense (c)						$	4,921					$	7,112					$	3,183					$	36					$	15,252
Capital expenditures						$	5,729					$	5,943					$	3,737					$	21					$	15,430

						September 27,  2025						December 28, 2024
(In thousands)
Total Assets (d)
Flow Control						$	460,436					$	431,536
Industrial Processing						610,483						569,817
Material Handling						426,267						411,178
Corporate (e)						35,048						17,814
						$	1,532,234					$	1,430,345

(a)Primarily 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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