v3.26.1
Segment Results (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule Of Financial Information By Reportable Segment
Financial information by reportable segment is set forth below:
(in millions) Three months ended June 30, 2026
SATDTTTotal
Net Sales$226.7 $266.5 $493.2 
Less:
Cost of operations119.2 105.2 
Selling and administrative expense38.5 65.5 
Engineering expense7.4 14.2 
Other segment items1
22.7 37.5 
Segment operating profit$38.9 $44.0 $82.9 
Corporate costs(14.0)
Operating profit68.9 
Interest expense(21.0)
Equity investment income0.1 
Miscellaneous income, net(0.1)
Income before income taxes$47.9 
(in millions) Three months ended June 30, 2025
SATDTTTotal
Net Sales$193.0 $211.4 $404.4 
Less:
Cost of operations95.5 97.5 
Selling and administrative expense41.9 41.4 
Engineering expense9.2 9.3 
Other segment items1
28.4 14.2 
Segment operating profit$18.0 $49.0 $67.0 
Corporate costs(19.1)
Operating profit47.9 
Interest expense(16.4)
Equity investment income0.3 
Miscellaneous income, net1.0 
Income before income taxes$32.8 
(in millions) Six months ended June 30, 2026
SATDTTTotal
Net Sales$419.5 $461.4 $880.9 
Less:
Cost of operations216.7 196.5 
Selling and administrative expense78.3 118.6 
Engineering expense16.2 22.0 
Other segment items1
54.3 48.9 
Segment operating profit$54.0 $75.4 $129.4 
Corporate costs(38.3)
Operating profit91.1 
Interest expense(38.8)
Equity investment income4.8 
Miscellaneous income, net— 
Income before income taxes$57.1 
(in millions) Six months ended June 30, 2025
SATDTTTotal
Net Sales$320.4 $414.3 $734.7 
Less:
Cost of operations154.6 189.8 
Selling and administrative expense71.4 81.2 
Engineering expense18.4 18.9 
Other segment items1
55.6 25.7 
Segment operating profit$20.4 $98.7 $119.1 
Corporate costs(33.9)
Operating profit85.2 
Interest expense(27.9)
Equity investment income0.4 
Miscellaneous income, net3.2 
Income before income taxes$60.9 
1 Includes other cost of operations such as manufacturing costs, amortization expenses, shipping and handling costs, and certain overhead expenses, as well as corporate allocations.
Three months ended June 30,
Six months ended June 30,
(in millions)2026202520262025
Depreciation and amortization:
Security and Authentication Technologies$19.9 $19.2 $41.1 $33.1 
Detection and Traceability Technologies17.6 7.3 24.8 14.4 
Corporate 1.3 0.6 2.6 1.2 
Total$38.8 $27.1 $68.5 $48.7 
Six months ended June 30,
(in millions)20262025
Capital expenditures:
Security and Authentication Technologies$18.4 $13.1 
Detection and Traceability Technologies4.4 1.9 
Corporate 0.1 0.3 
Total$22.9 $15.3 
Reconciliation of Segment Assets to Consolidated Assets
(in millions)June 30, 2026December 31, 2025
Assets:
Security and Authentication Technologies$1,708.7 $1,734.9 
Detection and Traceability Technologies1,842.5 1,183.0 
Corporate and other43.9 198.5 
Total$3,595.1 $3,116.4 
Schedule Of Goodwill By Segment
(in millions)June 30, 2026December 31, 2025
Goodwill:
Security and Authentication Technologies$540.6 $539.8 
Detection and Traceability Technologies895.4 624.2 
Total$1,436.0 $1,164.0