v3.25.0.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2024
Business Acquisition [Line Items]  
Schedule of Business Acquisitions

The following table summarizes aggregate unaudited as reported and pro forma information assuming the acquisitions of Zahner and 3form had occurred on January 1, 2022. The unaudited pro forma results include the depreciation and amortization associated with the acquired assets. The unaudited pro forma results do not include any expected benefits from the Zahner and 3form acquisitions. Accordingly, the unaudited pro forma results are not necessarily indicative of either future results of operations or results that might have been achieved had the acquisitions been consummated as of January 1, 2022.

 

 

2024

 

 

2023

 

 

2022

 

Net sales, pro forma

$

1,586.2

 

 

$

1,425.2

 

 

$

1,365.9

 

Net sales, as reported

 

1,445.7

 

 

 

1,295.2

 

 

 

1,233.1

 

Earnings from continuing operations before income taxes, pro forma

 

352.8

 

 

 

300.2

 

 

 

254.4

 

Earnings from continuing operations before income taxes, as reported

 

347.1

 

 

 

298.3

 

 

 

257.6

 

 

For the year ended December 31, 2024, net sales of $69.6 million and operating income of $3.0 million, including $6.5 million of depreciation and amortization, from Zahner and 3form were included in our Consolidated Statements of Operations and Comprehensive Income since the acquisition dates.
Zahner [Member]  
Business Acquisition [Line Items]  
Schedule of Preliminary Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives The following table summarizes the preliminary fair values of identifiable intangible assets acquired, and their estimated useful lives:

 

 

Fair Value at Acquisition Date

 

 

Estimated Useful Life

Trademarks and brand names

 

$

5.8

 

 

15 years

Developed technology

 

 

5.8

 

 

11 years

Trade secrets

 

 

5.3

 

 

15 years

Non-compete agreements

 

 

4.9

 

 

5 years

Customer relationships

 

 

1.2

 

 

9 years

Backlog

 

 

0.5

 

 

2 years

Total identifiable intangible assets

 

$

23.5

 

 

 

 
Three Form [Member]  
Business Acquisition [Line Items]  
Schedule of Preliminary Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives The following table summarizes the fair values of identifiable intangible assets acquired, and their estimated useful lives:

 

 

Fair Value at Acquisition Date

 

 

Estimated Useful Life

Trademarks and brand names

 

$

11.6

 

 

15 years

Customer relationships

 

 

10.2

 

 

5 years

Developed technology

 

 

6.2

 

 

10 - 16 years

Non-compete agreements

 

 

5.1

 

 

5 years

Software

 

 

4.1

 

 

5 years

Backlog

 

 

0.4

 

 

1 year

Total identifiable intangible assets

 

$

37.6