v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Information on Company's Business Segments
Three Months Ended June 30, 2026Three Months Ended June 30, 2025
Sealing SystemsFluid Handling SystemsTotalSealing SystemsFluid Handling SystemsTotal
Gross reportable segment sales$363,570 $346,541 $374,308 $323,162 
Intersegment sales9,616 1,277 9,940 732 
Total reportable segment sales$353,954 $345,264 $699,218 $364,368 $322,430 $686,798 
Reconciliation of segment sales
Corporate, eliminations and other (a)22,131 19,175 
Total consolidated sales$721,349 $705,973 
Cost of products sold (b)$315,843 $302,998 $312,687 $283,982 
Other segment items (c)11,982 14,611 11,336 11,451 
Total reportable segment adjusted EBITDA$26,129 $27,655 $53,784 $40,345 $26,997 $67,342 
Depreciation and amortization11,288 9,600 23,275 12,570 10,045 24,521 
Restructuring charges6,224 9,770 17,063 2,735 79 2,852 
Interest expense, net of interest income26,996 28,712 
Income tax expense5,428 8,081 
Corporate, eliminations and other135 (4,577)
Total consolidated net loss$(18,843)$(1,401)
(a)    Includes revenue from the Industrial and Specialty Group business, which is an operating segment that does not meet the quantitative thresholds for determining reportable segments.
(b)    Includes depreciation consistent with the Company's condensed consolidated statements of operations. Depreciation is subsequently excluded from segment adjusted EBITDA through the "Other segment items" row to align with management's performance measure.
(c)    Other segment items represent income and expenses that are included in the segment Adjusted EBITDA measure, such as selling, administration and engineering expenses and foreign currency gains and losses.
Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Sealing SystemsFluid Handling SystemsTotalSealing SystemsFluid Handling SystemsTotal
Gross reportable segment sales$722,876 $666,554 $730,229 $627,976 
Intersegment sales20,619 3,344 21,550 1,548 
Total reportable segment sales$702,257 $663,210 $1,365,467 $708,679 $626,428 $1,335,107 
Reconciliation of segment sales
Corporate, eliminations and other (a)42,241 37,935 
Total consolidated sales$1,407,708 $1,373,042 
Cost of products sold (b)$620,184 $585,052 $612,292 $556,135 
Other segment items (c)25,993 27,048 23,730 22,314 
Total reportable segment adjusted EBITDA$56,080 $51,110 $107,190 $72,657 $47,979 $120,636 
Depreciation and amortization22,509 19,063 46,295 24,421 18,991 48,349 
Restructuring charges7,967 12,002 21,695 4,256 533 4,963 
Interest expense, net of interest income55,304 57,331 
Income tax expense9,625 10,784 
Loss on refinancing and extinguishment of debt24,155 — 
Gain on sale of businesses, net— (98)
Corporate, eliminations and other(2,262)844 
Total consolidated net (loss) income$(52,146)$151 
(a)    Includes revenue from the Industrial and Specialty Group business, which is an operating segment that does not meet the quantitative thresholds for determining reportable segments.
(b)    Includes depreciation consistent with the Company's condensed consolidated statements of operations. Depreciation is subsequently excluded from segment adjusted EBITDA through the "Other segment items" row to align with management's performance measure.
(c)    Other segment items represent income and expenses that are included in the segment Adjusted EBITDA measure, such as selling, administration and engineering expenses and foreign currency gains and losses.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Capital expenditures
Sealing Systems$7,788 $4,172 $17,642 $13,644 
Fluid Handling Systems5,851 4,293 19,774 11,157 
Total for reportable segments$13,639 $8,465 $37,416 $24,801 
Corporate, eliminations and other180 693 444 514 
Consolidated$13,819 $9,158 $37,860 $25,315 
June 30, 2026December 31, 2025
Segment assets
Sealing Systems$900,016 $868,251 
Fluid Handling Systems778,388 731,230 
Total for reportable segments$1,678,404 $1,599,481 
Corporate, eliminations and other197,506 233,693 
Consolidated$1,875,910 $1,833,174