XML 48 R38.htm IDEA: XBRL DOCUMENT v3.25.3

Segment Reporting (Tables)

9 Months Ended

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

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

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration