v3.26.1
SEGMENT INFORMATION
 6 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
The Company’s segments are reported on the same basis used by our chief operating decision maker (CODM) for evaluating performance and for allocating resources. The Company’s CODM is the President and Chief Executive Officer. The CODM allocates resources based on revenue and operating income primarily through the annual budget and periodic forecasting process. The CODM considers budget-to-actual variances when making decisions about allocating capital and personnel to the segments. As a result of the SPX FLOW acquisition, the Company renamed the Industrial Process segment as Flow Technologies to reflect the expanded scale and capabilities of the combined operations. Our three reportable segments are referred to as Flow Technologies, Motion Technologies and Connect & Control Technologies.
Flow Technologies manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, marine, mining, nutrition and health, and is a provider of pumps, valves, mixers, aftermarket services and parts.
Motion Technologies manufactures brake components, shock absorbers and damping technologies primarily for the global automotive and rail transportation markets.
Connect & Control Technologies manufactures harsh-environment connector solutions, cable assemblies, critical energy absorption, and flow control components for the aerospace and defense, general industrial, medical, and energy markets.
Assets of our reportable segments exclude general corporate assets, which principally consist of cash, investments, deferred taxes, and certain property, plant and equipment. These assets are included within Corporate and Other.
Corporate and Other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, including environmental liabilities, which are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources.
The following table presents our revenue for each segment and reconciles our total segment revenue to total consolidated revenue.
Three Months Ended July 4, 2026Flow Technologies
Motion Technologies
Connect & Control Technologies
Total
Revenue
$792.5 $386.0 $295.7 $1,474.2 
Other / Eliminations
(1.1)
Consolidated revenue
$1,473.1 
Costs of revenue(a)
518.5 263.0 182.8 
Selling, general and administrative expenses(a)
140.5 27.1 38.0 
Research and development expenses(a)
11.2 13.611.1 
Intangible amortization(a)
59.4 0.2 3.0 
Segment operating income$62.9 $82.1 $60.8 $205.8 
Corporate and other(25.5)
Interest expense(49.7)
Interest income3.8 
Other non-operating income, net0.8 
Income from continuing operations before income tax$135.2 
Six Months Ended July 4, 2026Flow Technologies
Motion Technologies
Connect & Control Technologies
Total
Revenue$1,329.9 $783.2 $574.2 $2,687.3 
Other / Eliminations
(2.3)
Consolidated revenue$2,685.0 
Costs of revenue(a)
848.2 541.1 359.4 
Selling, general and administrative expenses(a)
235.349.874.6
Research and development expenses(a)
19.026.223.7
Intangible amortization(a)
82.4 0.5 6.4 
Segment operating income$145.0 $165.6 $110.1 $420.7 
Corporate and other
(99.1)
Interest expense(74.5)
Interest income14.2 
Other non-operating income, net2.7 
Income from continuing operations before income tax$264.0 
Three Months Ended June 28, 2025
Flow Technologies
Motion TechnologiesConnect & Control TechnologiesTotal
Revenue$355.9 $365.7 $251.9 $973.5 
Other / Eliminations
(1.1)
Consolidated revenue$972.4 
Costs of revenue(a)
210.7 254.1 157.7 
Selling, general and administrative expenses(a)
59.3 28.4 32.6
Research and development expenses(a)
5.011.79.7
Intangible amortization(a)
4.3 0.3 7.0 
Segment operating income$76.6 $71.2 $44.9 $192.7 
Corporate and other(17.6)
Interest expense(12.6)
Interest income2.4 
Other non-operating expense, net(0.7)
Income from continuing operations before income tax$164.2 
Six Months Ended June 28, 2025
Revenue$689.2 $711.8 $486.6 $1,887.6 
Other / Eliminations
(2.2)
Consolidated revenue$1,885.4 
Costs of revenue(a)
409.7 493.9 310.0 
Selling, general and administrative expenses(a)
118.555.563.7
Research and development expenses(a)
9.823.118.0
Intangible amortization(a)
11.10.514.0
Segment operating income$140.1 $138.8 $80.9 $359.8 
Corporate and other
(33.8)
Interest expense(21.9)
Interest income4.1 
Other non-operating income, net0.3 
Income from continuing operations before income tax$308.5 
(a)The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM.
The following table presents our operating margin for each segment. Segment operating margin is calculated as segment operating income divided by segment revenue.
Three Months EndedSix Months Ended
July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Flow Technologies(a)
7.9 %21.5 %10.9 %20.3 %
Motion Technologies21.3 %19.5 %21.1 %19.5 %
Connect & Control Technologies20.6 %17.8 %19.2 %16.6 %
(a)Operating margin for Flow Technologies decreased for the three and six months ended July 4, 2026 primarily due to acquisition-related impacts associated with the SPX FLOW acquisition.
The following table presents our total assets, capital expenditures, and depreciation & amortization expense for each segment.
As of and for the
Six Months Ended
Total AssetsCapital
Expenditures		Depreciation &
Amortization
July 4,
2026		December 31, 2025July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Flow Technologies(b)
$8,013.8 $1,993.2 $13.0 $9.7 $101.6 $19.9 
Motion Technologies1,263.5 1,257.3 30.4 37.4 31.1 28.9 
Connect & Control Technologies1,392.2 1,332.5 11.2 5.8 14.7 22.0 
Corporate and Other(c)
366.8 1,727.4 0.6 0.3 2.2 1.9 
Total$11,036.3 $6,310.4 $55.2 $53.2 $149.6 $72.7 
(b)Total assets and depreciation and amortization for Flow Technologies increased for the six months ended July 4, 2026 as a result of the acquisition of SPX FLOW.
(c)Total assets for Corporate and Other as of the six months ended July 4, 2026 reflect a decline in cash and equivalents of approximately $1.3 billion utilized to finance a portion of the SPX FLOW acquisition.