Segment results for the three months ended June 27, 2025 were: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | Test and Measurement | | Sensors and Safety Systems | | Unallocated Corporate Costs and Other (a) | | | | Sales | $ | 503.3 | | | $ | 192.5 | | | $ | 310.8 | | | $ | — | | | | | Cost of sales | (255.0) | | | (89.2) | | | (165.8) | | | — | | | | | | | | | | | | | | | Operating expenses | (189.4) | | | (117.6) | | | (65.5) | | | (6.3) | | | | | | | | | | | | | | | Operating profit (loss) | 58.9 | | | (14.3) | | | 79.5 | | | (6.3) | | | | | Non-operating income (expense), net | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other non-operating expense, net | — | | | 0.1 | | | (0.1) | | | — | | | | | Earnings (loss) before income taxes | $ | 58.9 | | | $ | (14.2) | | | $ | 79.4 | | | $ | (6.3) | | | | | | | | | | | | | | | Depreciation and amortization expenses | $ | (28.6) | | | $ | (25.1) | | | $ | (3.5) | | | $ | — | | | | | Capital expenditure | $ | (11.6) | | | $ | (7.1) | | | $ | (4.5) | | | $ | — | | | | (a) Amounts primarily related to standalone public company costs. | | |
Segment results for the three months ended June 28, 2024 were: | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | Test and Measurement | | Sensors and Safety Systems | | Unallocated Corporate Costs and Other | | Sales | $ | 533.7 | | | $ | 226.4 | | | $ | 307.3 | | | $ | — | | | Cost of sales | (259.0) | | | (90.8) | | | (168.2) | | | — | | | | | | | | | | | Operating expenses | (169.5) | | | (111.0) | | | (58.6) | | | 0.1 | | | | | | | | | | | Operating profit | 105.2 | | | 24.6 | | | 80.5 | | | 0.1 | | | Non-operating expense, net | | | | | | | | | | | | | | | | | Loss from divestiture | (25.6) | | | — | | | (25.6) | | | — | | | Other non-operating expense, net | (0.4) | | | (0.2) | | | (0.2) | | | — | | | Earnings before income taxes | $ | 79.2 | | | $ | 24.4 | | | $ | 54.7 | | | $ | 0.1 | | | | | | | | | | | Depreciation and amortization expenses | $ | (28.8) | | | $ | (25.0) | | | $ | (3.8) | | | $ | — | | | Capital expenditure | $ | (9.6) | | | $ | (7.2) | | | $ | (2.4) | | | $ | — | | | | | | | | | | | | | | | | | |
Segment results for the six months ended June 27, 2025 were: | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | Test and Measurement | | Sensors and Safety Systems | | Unallocated Corporate Costs and Other (a) | | Sales | $ | 985.1 | | | $ | 381.0 | | | $ | 604.1 | | | $ | — | | | Cost of sales | (493.4) | | | (176.2) | | | (317.2) | | | — | | | | | | | | | | | Operating expenses | (359.0) | | | (231.0) | | | (120.4) | | | (7.6) | | | | | | | | | | | Operating profit (loss) | 132.7 | | | (26.2) | | | 166.5 | | | (7.6) | | | Non-operating expense, net | | | | | | | | | | | | | | | | | | | | | | | | | Other non-operating expense, net | (0.5) | | | (0.2) | | | (0.3) | | | — | | | Earnings (loss) before income taxes | $ | 132.2 | | | $ | (26.4) | | | $ | 166.2 | | | $ | (7.6) | | | | | | | | | | | Depreciation and amortization expenses | $ | (55.5) | | | $ | (48.6) | | | $ | (6.9) | | | $ | — | | | Capital expenditure | $ | (17.2) | | | $ | (10.0) | | | $ | (7.2) | | | $ | — | | (a) Amounts primarily related to standalone public company costs. |
Segment results for the six months ended June 28, 2024 were: | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | Test and Measurement | | Sensors and Safety Systems | | Unallocated Corporate Costs and Other | | Sales | $ | 1,074.9 | | | $ | 470.6 | | | $ | 604.3 | | | $ | — | | | Cost of sales | (524.3) | | | (194.6) | | | (329.7) | | | — | | | | | | | | | | | Operating expenses | (367.4) | | | (256.8) | | | (110.7) | | | 0.1 | | Gain from sale of property (a) | 63.1 | | | 63.1 | | | — | | | — | | | Operating profit | 246.3 | | | 82.3 | | | 163.9 | | | 0.1 | | | Non-operating expense, net | | | | | | | | | | | | | | | | | Loss from divestiture | (25.6) | | | — | | | (25.6) | | | — | | | Other non-operating expense, net | (0.7) | | | (0.3) | | | (0.4) | | | — | | | Earnings before income taxes | $ | 220.0 | | | $ | 82.0 | | | $ | 137.9 | | | $ | 0.1 | | | | | | | | | | | Depreciation and amortization expenses | $ | (58.2) | | | $ | (50.6) | | | $ | (7.6) | | | $ | — | | | Capital expenditure | $ | (13.7) | | | $ | (8.7) | | | $ | (5.0) | | | $ | — | | (a) Refer to Note 1 for further detail on Gain on sale of property. |
Segment Assets: | | | | | | | | | | | | | | | June 27, 2025 | | December 31, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Test and measurement | $ | 3,652.1 | | | $ | 3,447.7 | | | | | Sensors and safety systems | 1,296.1 | | | 1,256.7 | | | | | Total segment assets | 4,948.2 | | | 4,704.4 | | | | Other (a) | 228.8 | | | 15.0 | | | | | | | | | | | Total assets | $ | 5,177.0 | | | $ | 4,719.4 | | | | (a) Other represents corporate assets which consist primarily of net deferred income tax assets. | | |
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