v3.25.2
Operating segments
 9 Months Ended
Jul. 31, 2025
Segment Reporting [Abstract]  
Operating segments
Operating segments
We conduct business in three primary operating segments: IPS, MFS and ATS. The composition of segments and measure of segment profitability is consistent with that used by our chief operating decision maker. The primary measure used by the chief operating decision maker for purposes of making decisions about allocating resources to the segments and assessing performance is operating profit, which equals sales less cost of sales and certain operating expenses. Items below the operating profit line of the Condensed Consolidated Statements of Income (interest and investment income, interest expense and other income/expense) are excluded from the measure of segment profitability reviewed by our chief operating decision maker and are not presented by operating segment. The accounting policies of the segments are the same as those described in the Significant accounting policies Note.
Effective November 1, 2024, the MCS division was transferred from the IPS segment to the ATS segment due to an organizational change and determination that the economic and business characteristics of MCS better aligned with the Company’s ATS segment. Our segment reporting reflects this change and prior year financial information was revised to be comparable.
Industrial Precision Solutions: This segment focuses on delivering proprietary dispensing and processing technology, both standard and highly customized equipment, to diverse end markets. Product lines commonly reduce material consumption, increase line efficiency through precision dispensing, and enhance product brand and appearance. Components are used for
dispensing adhesives, coatings, paint, finishes, sealants and other materials. This segment primarily serves the industrial, agricultural, consumer durables and non-durables markets.
Medical and Fluid Solutions: This segment includes the Company’s fluid management solutions for medical, high-tech industrial and other diverse end markets. Related plastic tubing, balloons, catheters, syringes, cartridges, tips and fluid connection components are used to dispense or control fluids within customers’ medical devices or products, as well as production processes.
Advanced Technology Solutions: This segment focuses on products serving electronics and consumer non-durable end markets. Advanced Technology Solutions products integrate our proprietary product technologies found in progressive stages of an electronics customer’s production and measurement and control processes, such as surface treatment, precisely controlled dispensing of material and test and inspection to ensure quality and reliability. Applications include, but are not limited to, semiconductors, printed circuit boards, electronic components, automotive electronics, in-line measurement sensors, gauges and analyzers.
The following table presents information about our segments:
Three Months EndedIndustrial
Precision
Solutions		Medical and Fluid SolutionsAdvanced
Technology
Solutions		CorporateTotal
July 31, 2025    
Net external sales$350,784 $219,465 $171,260 $— $741,509 
Operating profit (loss)116,720 52,500 36,877 (18,330)187,767 
July 31, 2024
Net external sales$348,997 $166,737 $145,870 $— $661,604 
Operating profit (loss)115,023 48,374 26,032 (22,371)167,058 
Nine Months Ended
July 31, 2025
Net external sales$970,079 $615,883 $453,905 $— $2,039,867 
Operating profit (loss)308,153 150,241 86,558 (47,488)497,464 
July 31, 2024
Net external sales$1,031,717 $495,229 $418,493 $— $1,945,439 
Operating profit (loss)340,043 143,467 65,029 (53,430)495,109 
We had significant sales in the following geographic regions:
 Three Months EndedNine Months Ended
 July 31, 2025July 31, 2024July 31, 2025July 31, 2024
Americas$314,568 $287,016 $874,868 $855,456 
Europe186,620 179,370 526,878 540,750 
Asia Pacific240,321 195,218 638,121 549,233 
Total net external sales$741,509 $661,604 $2,039,867 $1,945,439