v3.26.1
Reportable Segments (Tables)
6 Months Ended
Jun. 26, 2026
Segment Reporting [Abstract]  
Summary of Segment Description and Data
The following table describes each segment:
SegmentProduct or ServicesPrimary Markets ServedGeographic Areas
ProductsAssembly
Weldments
Machining
Fabrication
Semiconductor
Americas
Asia Pacific
EMEA
ServicesCleaning
Analytics
Coating
Semiconductor
Americas
Asia Pacific
EMEA
Segment Data
Three Months EndedSix Months Ended
(In millions)June 26,
2026
June 27,
2025
June 26,
2026
June 27,
2025
Revenues:
Products$572.7 $454.9 $1,038.4 $911.9 
Services72.2 63.9 140.2 125.5 
Total segment revenues$644.9 $518.8 $1,178.6 $1,037.4 
Cost of revenues:
Products$488.8 $393.3 $889.5 $783.5 
Services52.4 46.0 101.0 90.4 
Total segment cost of revenues$541.2 $439.3 $990.5 $873.9 
Gross profit:
Products$83.9 $61.6 $148.9 $128.4 
Services19.8 17.9 39.2 35.1 
Total segment gross profit$103.7 $79.5 $188.1 $163.5 
Operating expenses:
Products
Research and development$6.1 $5.4 $12.3 $10.5 
Sales and marketing12.812.72524.7
General and administrative40.236.879.876.3
Impairment of goodwill— 77.6— 77.6
Total Products operating expenses59.1132.5117.1189.1
Services
Research and development2.72.45.14.9
Sales and marketing3.62.86.95.7
General and administrative8.8 10.1 18.219.2 
Impairment of goodwill— 73.5— 73.5
Total Services operating expenses15.188.830.2103.3
Total segment operating expenses$74.2 $221.3 $147.3 $292.4 
Segment operating profit (loss):
Products$24.8 $(70.9)$31.8 $(60.7)
Services4.7 (70.9)9.0 (68.2)
Total segment operating profit (loss)$29.5 $(141.8)$40.8 $(128.9)
Reconciliation of segment operating profit (loss):
Total segment operating profit (loss)$29.5 $(141.8)$40.8 $(128.9)
Interest income1.0 0.8 2.4 1.9 
Interest expense(1.1)(10.1)(8.3)(20.0)
Other income (expense), net0.6 (2.2)(0.7)(1.3)
Income (loss) before provision for income taxes$30.0 $(153.3)$34.2 $(148.3)
Expenditures for segment property, plant and equipment
Products$12.6 $9.7 $19.4 $18.8 
Services3.6 7.1 6.4 10.3 
Total expenditures for segment assets$16.2 $16.8 $25.8 $29.1 
Depreciation and amortization
Products$12.8 $12.5 $25.6 $25.1 
Services6.5 6.2 12.9 12.6 
Total depreciation and amortization$19.3 $18.7 $38.5 $37.7 
(In millions)June 26,
2026
December 26,
2025
Assets
Products$1,617.0 $1,446.0 
Services301.1 283.0 
Total segment assets$1,918.1 $1,729.0