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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Information on Company's Business Segments |
| Three Months Ended September 30, 2025 |  | Three Months Ended September 30, 2024
| Sealing Systems |  | Fluid Handling Systems |  | Total |  | Sealing Systems |  | Fluid Handling Systems |  | Total
Gross reportable segment sales | $ | 359,694 |  |  | $ | 329,292 |  |  |  |  | $ | 364,125 |  |  | $ | 319,781 |  |  |
Intersegment sales | 10,916 |  |  | 726 |  |  |  |  | 10,760 |  |  | 6,042 |  |  |
Total reportable segment sales | $ | 348,778 |  |  | $ | 328,566 |  |  | $ | 677,344 |  |  | $ | 353,365 |  |  | $ | 313,739 |  |  | $ | 667,104 |
Reconciliation of segment sales |  |  |  |  |  |  |  |  |  |
Corporate, eliminations and other (a) |  |  |  |  | 18,158 |  |  |  |  |  |  | 18,249 |
Total consolidated sales |  |  |  |  | $ | 695,502 |  |  |  |  |  |  | $ | 685,353 |
Cost of products sold (b) | $ | 305,476 |  |  | $ | 287,460 |  |  |  |  | $ | 313,491 |  |  | $ | 279,160 |  |  |
Other segment items (c) | 12,449 |  |  | 12,077 |  |  |  |  | 9,970 |  |  | 11,490 |  |  |
Total reportable segment adjusted EBITDA | $ | 30,853 |  |  | $ | 29,029 |  |  | $ | 59,882 |  |  | $ | 29,904 |  |  | $ | 23,089 |  |  | $ | 52,993 |
Corporate, eliminations and other |  |  |  |  | (6,630) |  |  |  |  |  |  | (6,848) |
Restructuring charges | 2,678 |  |  | 735 |  |  | 3,535 |  |  | 1,087 |  |  | (27) |  |  | 1,516 |
Depreciation and amortization | 12,296 |  |  | 10,149 |  |  | 24,883 |  |  | 12,922 |  |  | 10,077 |  |  | 25,916 |
Pension settlement credit |  |  |  |  | — |  |  |  |  |  |  | (2,216) |
Interest expense, net of interest income |  |  |  |  | 28,614 |  |  |  |  |  |  | 29,125 |
Income tax expense |  |  |  |  | 3,864 |  |  |  |  |  |  | 2,861 |
Total consolidated net loss |  |  |  |  | $ | (7,644) |  |  |  |  |  |  | $ | (11,057) |
(a) Includes revenue from the Industrial and Specialty Group business, which is an operating segment that does not meet the quantitative thresholds for determining reportable segments. (b) Includes depreciation consistent with the Company's condensed consolidated statements of operations. Depreciation is subsequently excluded from segment adjusted EBITDA through the "Other segment items" row to align with management's performance measure. (c) Other segment items represent income and expenses that are included in the segment Adjusted EBITDA measure, such as selling, administration and engineering expenses and foreign currency gains and losses.
| Nine Months Ended September 30, 2025 |  | Nine Months Ended September 30, 2024
| Sealing Systems |  | Fluid Handling Systems |  | Total |  | Sealing Systems |  | Fluid Handling Systems |  | Total
Gross reportable segment sales | $ | 1,089,923 |  |  | $ | 957,268 |  |  |  |  | $ | 1,104,145 |  |  | $ | 958,234 |  |  |
Intersegment sales | 32,466 |  |  | 2,274 |  |  |  |  | 34,555 |  |  | 16,238 |  |  |
Total reportable segment sales | $ | 1,057,457 |  |  | $ | 954,994 |  |  | $ | 2,012,451 |  |  | $ | 1,069,590 |  |  | $ | 941,996 |  |  | $ | 2,011,586 |
Reconciliation of segment sales |  |  |  |  |  |  |  |  |  |
Corporate, eliminations and other (a) |  |  |  |  | 56,093 |  |  |  |  |  |  | 58,554 |
Total consolidated sales |  |  |  |  | $ | 2,068,544 |  |  |  |  |  |  | $ | 2,070,140 |
Cost of products sold (b) | $ | 917,768 |  |  | $ | 843,595 |  |  |  |  | $ | 947,947 |  |  | $ | 852,567 |  |  |
Other segment items (c) | 36,179 |  |  | 34,391 |  |  |  |  | 35,333 |  |  | 39,076 |  |  |
Total reportable segment adjusted EBITDA | $ | 103,510 |  |  | $ | 77,008 |  |  | $ | 180,518 |  |  | $ | 86,310 |  |  | $ | 50,353 |  |  | $ | 136,663 |
Corporate, eliminations and other |  |  |  |  | (5,786) |  |  |  |  |  |  | (10,257) |
Restructuring charges | 6,934 |  |  | 1,268 |  |  | 8,498 |  |  | 12,261 |  |  | 2,798 |  |  | 20,430 |
Depreciation and amortization | 36,717 |  |  | 29,140 |  |  | 73,232 |  |  | 39,450 |  |  | 29,555 |  |  | 78,252 |
Gain on sale of businesses, net |  |  |  |  | (98) |  |  |  |  |  |  | — |
Pension settlement charge |  |  |  |  | — |  |  |  |  |  |  | 44,571 |
Interest expense, net of interest income |  |  |  |  | 85,945 |  |  |  |  |  |  | 87,041 |
Income tax expense |  |  |  |  | 14,648 |  |  |  |  |  |  | 15,072 |
Total consolidated net loss |  |  |  |  | $ | (7,493) |  |  |  |  |  |  | $ | (118,960) |
(a) Includes revenue from the Industrial and Specialty Group business, which is an operating segment that does not meet the quantitative thresholds for determining reportable segments. (b) Includes depreciation consistent with the Company's condensed consolidated statements of operations. Depreciation is subsequently excluded from segment adjusted EBITDA through the "Other segment items" row to align with management's performance measure. (c) Other segment items represent income and expenses that are included in the segment Adjusted EBITDA measure, such as selling, administration and engineering expenses and foreign currency gains and losses. Certain financial information on the Company’s reportable segments was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Capital expenditures |  |  |  |  |  |  |
Sealing Systems | $ | 7,980 |  |  | $ | 5,575 |  |  | $ | 21,624 |  |  | $ | 20,496 |
Fluid Handling Systems | 3,869 |  |  | 5,069 |  |  | 15,026 |  |  | 16,732 |
Total for reportable segments | $ | 11,849 |  |  | $ | 10,644 |  |  | $ | 36,650 |  |  | $ | 37,228 |
Corporate, eliminations and other | (658) |  |  | 293 |  |  | (144) |  |  | 1,786 |
Consolidated | $ | 11,191 |  |  | $ | 10,937 |  |  | $ | 36,506 |  |  | $ | 39,014 |
| September 30, 2025 |  | December 31, 2024
Segment assets |  |  |
Sealing Systems | $ | 857,447 |  |  | $ | 817,581 |
Fluid Handling Systems | 743,734 |  |  | 667,920 |
Total for reportable segments | $ | 1,601,181 |  |  | $ | 1,485,501 |
Corporate, eliminations and other | 260,441 |  |  | 247,564 |
Consolidated | $ | 1,861,622 |  |  | $ | 1,733,065 |

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- 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 + Details
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