v3.25.4
Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial information by reportable segment is set forth below:
(in millions) December 31,202520242023
Net Sales:
Aerospace & Advanced Technologies$1,048.9 $932.7 $789.3 
Process Flow Technologies1,256.1 1,198.5 1,072.8 
TOTAL NET SALES$2,305.0 $2,131.2 $1,862.1 
Cost of Sales:
Aerospace & Advanced Technologies$631.8 $574.4 $495.2 
Process Flow Technologies700.4 689.0 615.9 
TOTAL COST OF SALES$1,332.2 $1,263.4 $1,111.1 
Engineering, selling and administrative:
Aerospace & Advanced Technologies$154.6 $149.3 $135.1 
Process Flow Technologies292.2 269.2 248.4 
Corporate101.8 93.5 117.1 
TOTAL ENGINEERING, SELLING AND ADMINISTRATIVE$548.6 $512.0 $500.6 
Operating profit:
Aerospace & Advanced Technologies$262.5 $209.0 $159.0 
Process Flow Technologies263.5 240.3 208.5 
Corporate(101.8)(93.5)(117.1)
TOTAL OPERATING PROFIT$424.2 $355.8 $250.4 
Capital expenditures:
Aerospace & Advanced Technologies$20.9 $10.6 $9.7 
Process Flow Technologies32.6 26.0 29.1 
Corporate— — 0.2 
TOTAL CAPITAL EXPENDITURES$53.5 $36.6 $39.0 
Depreciation and amortization:
Aerospace & Advanced Technologies$17.8 $22.3 $13.9 
Process Flow Technologies32.3 28.6 21.4 
Corporate0.1 0.1 0.1 
TOTAL DEPRECIATION AND AMORTIZATION$50.2 $51.0 $35.4 
Balance sheet items by reportable segment is set forth below:
(in millions) December 31,20252024
Goodwill:
Aerospace & Advanced Technologies$248.6 $248.5 
Process Flow Technologies435.3 413.1 
TOTAL GOODWILL$683.9 $661.6 
Assets:
Aerospace & Advanced Technologies$936.3 $896.2 
Process Flow Technologies1,326.0 1,265.0 
Corporate(a)
1,591.1 262.8 
Assets held for sale— 217.9 
TOTAL ASSETS$3,853.4 $2,641.9 
(a) For the year ended December 31, 2025, Corporate Assets include $1,223.3 million restricted cash.
Revenue from External Customers by Geographic Areas
Net sales by geographic region:
(in millions) December 31,202520242023
Net sales (a)
United States$1,368.8 $1,210.0 $1,052.4 
Canada76.2 72.8 65.3 
United Kingdom149.1 137.7 120.3 
Continental Europe390.1 390.9 325.6 
Other international320.8 319.8 298.5 
TOTAL NET SALES$2,305.0 $2,131.2 $1,862.1 
(a) Net sales by geographic region are based on the destination of the sale.
Long-lived assets by geographic region:
(in millions) December 31,20252024
Long-lived assets (a)
United States$188.1 $180.2 
Europe102.4 90.9 
Other international46.1 49.6 
Corporate7.0 9.7 
TOTAL LONG-LIVED ASSETS$343.6 $330.4 
(a) Long-lived assets, net by geographic region are based on the location of the business unit.