Segment results for the three months ended June 27, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | Mobility Technologies | | Repair Solutions | | Environmental & Fueling Solutions | | Eliminations | | Total | Sales of products and services (a) | $ | 261.1 | | | $ | 150.8 | | | $ | 361.6 | | | $ | — | | | $ | 773.5 | | | | | | | | | | | | | Intersegment sales | 19.1 | | | — | | | — | | | (19.1) | | | — | | | Total sales | 280.2 | | | 150.8 | | | 361.6 | | | (19.1) | | | 773.5 | | | Operating costs and expenses: | | | | | | | | | | | Other segment items | (226.7) | | | (119.4) | | | (255.9) | | | 19.1 | | | (582.9) | | | Segment operating profit | $ | 53.5 | | | $ | 31.4 | | | $ | 105.7 | | | $ | — | | | $ | 190.6 | |
(a) Repair Solutions includes interest income related to financing receivables of $18.6 million. Segment results for the three months ended June 28, 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | Mobility Technologies | | Repair Solutions | | Environmental & Fueling Solutions | | | | Eliminations | | Total | Sales of products and services(a) | $ | 234.4 | | | $ | 150.8 | | | $ | 311.2 | | | | | $ | — | | | $ | 696.4 | | | | | | | | | | | | | | | Intersegment sales | 3.2 | | | — | | | — | | | | | (3.2) | | | — | | | Total sales | 237.6 | | | 150.8 | | | 311.2 | | | | | (3.2) | | | 696.4 | | | Operating costs and expenses: | | | | | | | | | | | | | Other segment items | (196.4) | | | (118.7) | | | (221.9) | | | | | 3.2 | | | (533.8) | | | Segment operating profit | $ | 41.2 | | | $ | 32.1 | | | $ | 89.3 | | | | | $ | — | | | $ | 162.6 | |
(a) Repair Solutions includes interest income related to financing receivables of $19.6 million. Segment results for the six months ended June 27, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | Mobility Technologies | | Repair Solutions | | Environmental & Fueling Solutions | | Eliminations | | Total | Sales of products and services (a) | $ | 519.4 | | | $ | 303.8 | | | $ | 691.4 | | | $ | — | | | $ | 1,514.6 | | | | | | | | | | | | | Intersegment sales | 31.3 | | | — | | | — | | | (31.3) | | | — | | | Total sales | 550.7 | | | 303.8 | | | 691.4 | | | (31.3) | | | 1,514.6 | | | Operating costs and expenses: | | | | | | | | | | | Other segment items | (445.3) | | | (239.2) | | | (488.2) | | | 31.3 | | | (1,141.4) | | | Segment operating profit | $ | 105.4 | | | $ | 64.6 | | | $ | 203.2 | | | $ | — | | | $ | 373.2 | |
(a) Repair Solutions includes interest income related to financing receivables of $36.9 million. Segment results for the six months ended June 28, 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | Mobility Technologies | | Repair Solutions | | Environmental & Fueling Solutions | | Other | | Eliminations | | Total | Sales of products and services(a) | $ | 475.5 | | | $ | 333.2 | | | $ | 642.2 | | | $ | 1.3 | | | $ | — | | | $ | 1,452.2 | | | | | | | | | | | | | | | Intersegment sales | 4.8 | | | — | | | — | | | — | | | (4.8) | | | — | | | Total sales | 480.3 | | | 333.2 | | | 642.2 | | | 1.3 | | | (4.8) | | | 1,452.2 | | | Operating costs and expenses: | | | | | | | | | | | | | Other segment items | (391.5) | | | (256.4) | | | (455.6) | | | (1.7) | | | 4.8 | | | (1,100.4) | | | Segment operating profit | $ | 88.8 | | | $ | 76.8 | | | $ | 186.6 | | | $ | (0.4) | | | $ | — | | | $ | 351.8 | |
(a) Repair Solutions includes interest income related to financing receivables of $38.5 million. A reconciliation of segment operating profit to earnings before income taxes for the three and six months ended June 27, 2025 and June 28, 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | ($ in millions) | June 27, 2025 | | June 28, 2024 | | June 27, 2025 | | June 28, 2024 | | Segment operating profit | $ | 190.6 | | | $ | 162.6 | | | $ | 373.2 | | | $ | 351.8 | | | Corporate & other unallocated costs: | | | | | | | | | Amortization of acquisition-related intangible assets | (19.2) | | | (20.0) | | | (38.8) | | | (40.0) | | | Stock-based compensation expense | (8.6) | | | (7.9) | | | (16.1) | | | (17.4) | | | Restructuring and other related charges | (2.6) | | | (1.8) | | | (6.9) | | | (6.5) | | | Other unallocated expense | (3.6) | | | (3.5) | | | (13.2) | | | (3.9) | | | Corporate costs | (31.0) | | | (26.2) | | | (53.4) | | | (49.6) | | | Repair Solutions Capital Charge | 10.8 | | | 10.9 | | | 21.7 | | | 21.8 | | | Total corporate & other unallocated costs | (54.2) | | | (48.5) | | | (106.7) | | | (95.6) | | | Operating profit | 136.4 | | | 114.1 | | | 266.5 | | | 256.2 | | | Interest expense, net | (15.6) | | | (18.4) | | | (30.7) | | | (37.3) | | | (Loss) gain on sale of business | — | | | (2.6) | | | — | | | 37.2 | | | Other non-operating expense, net | (0.1) | | | (1.1) | | | (4.0) | | | (1.3) | | | Earnings before income taxes | $ | 120.7 | | | $ | 92.0 | | | $ | 231.8 | | | $ | 254.8 | |
Depreciation expense by segment for the three and six months ended June 27, 2025 and June 28, 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | ($ in millions) | June 27, 2025 | | June 28, 2024 | | June 27, 2025 | | June 28, 2024 | | Mobility Technologies | $ | 10.2 | | | $ | 7.8 | | | $ | 19.9 | | | $ | 16.4 | | | Repair Solutions | 0.6 | | | 0.6 | | | 1.3 | | | 1.2 | | | Environmental & Fueling Solutions | 1.7 | | | 2.0 | | | 3.9 | | | 4.0 | | | | | | | | | | | Corporate | 0.3 | | | 0.7 | | | 0.6 | | | 0.9 | | | Total | $ | 12.8 | | | $ | 11.1 | | | $ | 25.7 | | | $ | 22.5 | |
|