Schedule of Reportable and Product Sales Information Segments |
Segment Financial Information | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Cryo Tank Solutions | | Heat Transfer Systems | | Specialty Products | | Repair, Service & Leasing | | Intersegment Eliminations | | Corporate | | Consolidated | Sales | $ | 155.9 | | | $ | 295.3 | | | $ | 292.9 | | | $ | 338.2 | | | $ | — | | | $ | — | | | $ | 1,082.3 | | Cost of sales | 113.1 | | | 206.2 | | | 212.2 | | | 187.3 | | | — | | | — | | | 718.8 | | Selling, general and administrative expenses | 15.1 | | | 11.1 | | | 32.7 | | | 35.3 | | | — | | | 51.1 | | | 145.3 | | Amortization expense | 2.0 | | | 5.0 | | | 5.0 | | | 36.7 | | | — | | | — | | | 48.7 | | Operating income (loss) | 25.7 | | | 73.0 | | | 43.0 | | | 78.9 | | | — | | | (51.1) | | | 169.5 | | Depreciation expense (1) | 3.0 | | | 4.0 | | | 6.7 | | | 4.7 | | | — | | | 4.0 | | | 22.4 | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Cryo Tank Solutions | | Heat Transfer Systems | | Specialty Products | | Repair, Service & Leasing | | Intersegment Eliminations | | Corporate | | Consolidated | Sales | $ | 165.5 | | | $ | 236.7 | | | $ | 277.6 | | | $ | 360.5 | | | $ | — | | | $ | — | | | $ | 1,040.3 | | Cost of sales | 132.1 | | | 175.9 | | | 196.8 | | | 183.9 | | | — | | | — | | | 688.7 | | Selling, general and administrative expenses | 15.5 | | | 10.7 | | | 20.7 | | | 42.8 | | | — | | | 46.5 | | | 136.2 | | Amortization expense | 1.9 | | | 5.0 | | | 5.1 | | | 35.8 | | | — | | | (0.2) | | | 47.6 | | Operating income (loss) | 16.0 | | | 45.1 | | | 55.0 | | | 98.0 | | | — | | | (46.3) | | | 167.8 | | Depreciation expense (1) | 3.6 | | | 4.1 | | | 1.7 | | | 7.1 | | | — | | | 1.9 | | | 18.4 | | | | Six Months Ended June 30, 2025 | | Cryo Tank Solutions | | Heat Transfer Systems | | Specialty Products | | Repair, Service & Leasing | | Intersegment Eliminations | | Corporate | | Consolidated | Sales | $ | 309.1 | | | $ | 562.6 | | | $ | 569.0 | | | $ | 643.1 | | | $ | — | | | $ | — | | | $ | 2,083.8 | | Cost of sales | 229.1 | | | 390.9 | | | 404.6 | | | 355.9 | | | — | | | — | | | 1,380.5 | | Selling, general and administrative expenses | 32.8 | | | 21.9 | | | 63.1 | | | 74.2 | | | — | | | 94.3 | | | 286.3 | | Amortization expense | 3.9 | | | 9.9 | | | 10.0 | | | 71.4 | | | — | | | — | | | 95.2 | | Operating income (loss) | 43.3 | | | 139.9 | | | 91.3 | | | 141.6 | | | — | | | (94.3) | | | 321.8 | | Depreciation expense (1) | 7.3 | | | 8.1 | | | 11.7 | | | 8.3 | | | — | | | 6.7 | | | 42.1 | | | | Six Months Ended June 30, 2024 | | Cryo Tank Solutions | | Heat Transfer Systems | | Specialty Products | | Repair, Service & Leasing | | Intersegment Eliminations | | Corporate | | Consolidated | Sales | $ | 325.2 | | | $ | 490.3 | | | $ | 514.1 | | | $ | 661.5 | | | $ | (0.1) | | | $ | — | | | $ | 1,991.0 | | Cost of sales | 259.0 | | | 359.4 | | | 374.4 | | | 344.4 | | | (0.1) | | | — | | | 1,337.1 | | Selling, general and administrative expenses | 32.4 | | | 24.6 | | | 49.4 | | | 82.3 | | | — | | | 89.0 | | | 277.7 | | Amortization expense | 3.8 | | | 10.0 | | | 10.2 | | | 71.7 | | | — | | | (0.2) | | | 95.5 | | Operating income (loss) | 30.0 | | | 96.3 | | | 80.1 | | | 163.1 | | | — | | | (88.8) | | | 280.7 | | Depreciation expense (1) | 7.0 | | | 8.3 | | | 3.7 | | | 14.2 | | | — | | | 3.2 | | | 36.4 | |
_______________ (1)Depreciation disclosed by reportable segment is included within cost of sales and selling, general and administrative expenses. Sales by Geography Net sales by geographic area are reported by the destination of sales. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Cryo Tank Solutions | | Heat Transfer Systems | | Specialty Products | | Repair, Service & Leasing | | Intersegment Eliminations | | Consolidated | North America | $ | 56.3 | | | $ | 179.5 | | | $ | 132.7 | | | $ | 109.3 | | | $ | — | | | $ | 477.8 | | Europe, Middle East, Africa and India | 55.3 | | | 50.1 | | | 73.2 | | | 137.0 | | | — | | | 315.6 | | Asia-Pacific | 43.0 | | | 65.0 | | | 78.8 | | | 74.9 | | | — | | | 261.7 | | Rest of the World | 1.3 | | | 0.7 | | | 8.2 | | | 17.0 | | | — | | | 27.2 | | Total | $ | 155.9 | | | $ | 295.3 | | | $ | 292.9 | | | $ | 338.2 | | | $ | — | | | $ | 1,082.3 | | | | Three Months Ended June 30, 2024 | | Cryo Tank Solutions | | Heat Transfer Systems | | Specialty Products | | Repair, Service & Leasing | | Intersegment Eliminations | | Consolidated | North America | $ | 68.3 | | | $ | 124.8 | | | $ | 109.1 | | | $ | 145.4 | | | $ | — | | | $ | 447.6 | | Europe, Middle East, Africa and India | 58.5 | | | 43.7 | | | 78.1 | | | 139.6 | | | — | | | 319.9 | | Asia-Pacific | 33.8 | | | 56.1 | | | 87.4 | | | 60.9 | | | — | | | 238.2 | | Rest of the World | 4.9 | | | 12.1 | | | 3.0 | | | 14.6 | | | — | | | 34.6 | | Total | $ | 165.5 | | | $ | 236.7 | | | $ | 277.6 | | | $ | 360.5 | | | $ | — | | | $ | 1,040.3 | | | | Six Months Ended June 30, 2025 | | Cryo Tank Solutions | | Heat Transfer Systems | | Specialty Products | | Repair, Service & Leasing | | Intersegment Eliminations | | Consolidated | North America | $ | 114.9 | | | $ | 342.0 | | | $ | 255.1 | | | $ | 223.0 | | | $ | — | | | $ | 935.0 | | Europe, Middle East, Africa and India | 112.6 | | | 89.5 | | | 137.8 | | | 256.7 | | | — | | | 596.6 | | Asia-Pacific | 78.6 | | | 129.6 | | | 161.7 | | | 135.4 | | | — | | | 505.3 | | Rest of the World | 3.0 | | | 1.5 | | | 14.4 | | | 28.0 | | | — | | | 46.9 | | Total | $ | 309.1 | | | $ | 562.6 | | | $ | 569.0 | | | $ | 643.1 | | | $ | — | | | $ | 2,083.8 | | | | Six Months Ended June 30, 2024 | | Cryo Tank Solutions | | Heat Transfer Systems | | Specialty Products | | Repair, Service & Leasing | | Intersegment Eliminations | | Consolidated | North America | $ | 154.3 | | | $ | 282.4 | | | $ | 201.9 | | | $ | 267.5 | | | $ | — | | | $ | 906.1 | | Europe, Middle East, Africa and India | 104.0 | | | 83.9 | | | 143.1 | | | 260.2 | | | — | | | 591.2 | | Asia-Pacific | 58.1 | | | 108.2 | | | 159.7 | | | 106.0 | | | (0.1) | | | 431.9 | | Rest of the World | 8.8 | | | 15.8 | | | 9.4 | | | 27.8 | | | — | | | 61.8 | | Total | $ | 325.2 | | | $ | 490.3 | | | $ | 514.1 | | | $ | 661.5 | | | $ | (0.1) | | | $ | 1,991.0 | |
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Schedule of Segment Assets |
| | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | Cryo Tank Solutions | $ | 575.4 | | | $ | 614.0 | | Heat Transfer Systems | 771.0 | | | 669.7 | | Specialty Products | 1,060.3 | | | 920.6 | | Repair, Service & Leasing | 1,024.4 | | | 889.9 | | Total assets of reportable segments | 3,431.1 | | | 3,094.2 | | Goodwill | 3,066.6 | | | 2,899.9 | | Identifiable intangible assets, net | 2,617.0 | | | 2,540.6 | | Corporate | 604.3 | | | 589.2 | | Total | $ | 9,719.0 | | | $ | 9,123.9 | |
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