v3.26.1
Business Segment Information (Tables)
 6 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
Schedule of Reportable Segments
The following tables present financial information for the Company's reportable segments:
Three Months Ended July 4, 2026
(In thousands) Flow ControlIndustrial ProcessingMaterial HandlingTotal
Revenue$100,310 $143,800 $68,765 $312,875 
Cost of revenue
47,633 85,312 42,925 175,870 
Gross Profit52,677 58,488 25,840 137,005 
Gross Profit Margin52.5%40.7%37.6%43.8%
Operating Expenses:
Selling expenses14,988 13,658 6,834 35,480 
General and administrative expenses10,092 9,975 4,784 24,851 
Research and development expenses
1,658 2,195 631 4,484 
Intangible asset amortization expense1,268 4,669 2,689 8,626 
Other segment items(93)708 49 664 
Segment Operating Income
$24,764 $27,283 $10,853 $62,900 
Segment Operating Income Margin
24.7%19.0%15.8%
Corporate Expenses (a)(12,020)
Interest Expense, Net (b)(4,819)
Other Expense, Net (b)(32)
Income Before Provision for Income Taxes
$46,029 
(In thousands)Flow ControlIndustrial ProcessingMaterial HandlingCorporateTotal
Other Segment Disclosures
Depreciation expense (c)$1,773 $3,899 $1,221 $25 $6,918 
Capital expenditures (d)$7,027 $2,366 $1,482 $72 $10,947 
Three Months Ended June 28, 2025
(In thousands)Flow ControlIndustrial ProcessingMaterial HandlingTotal
Revenue$95,947 $95,937 $63,383 $255,267 
Cost of revenue
44,289 55,066 38,870 138,225 
Gross Profit51,658 40,871 24,513 117,042 
Gross Profit Margin53.8%42.6%38.7%45.9%
Operating Expenses:
Selling expenses14,478 10,851 6,825 32,154 
General and administrative expenses10,023 9,172 4,638 23,833 
Research and development expenses
1,330 1,824 570 3,724 
Intangible asset amortization expense1,410 2,436 2,689 6,535 
Other segment items(26)1,102 (148)928 
Segment Operating Income
$24,443 $15,486 $9,939 $49,868 
Segment Operating Income Margin
25.5%16.1%15.7%
Corporate Expenses (a)(10,491)
Interest Expense, Net (b)(2,899)
Other Expense, Net (b)(17)
Income Before Provision for Income Taxes
$36,461 
(In thousands)Flow ControlIndustrial ProcessingMaterial HandlingCorporateTotal
Other Segment Disclosures
Depreciation expense (c)$1,855 $2,468 $1,199 $12 $5,534 
Capital expenditures$1,380 $1,595 $993 $— $3,968 


Six Months Ended July 4, 2026
(In thousands) Flow ControlIndustrial ProcessingMaterial HandlingTotal
Revenue$198,918 $266,838 $128,624 $594,380 
Cost of revenue
94,275 156,059 80,338 330,672 
Gross Profit104,643 110,779 48,286 263,708 
Gross Profit Margin52.6%41.5%37.5%44.4%
Operating Expenses:
Selling expenses30,178 27,535 13,926 71,639 
General and administrative expenses20,100 21,801 9,549 51,450 
Research and development expenses
3,053 4,279 1,208 8,540 
Intangible asset amortization expense2,538 9,096 5,377 17,011 
Other segment items(194)872 (93)585 
Segment Operating Income
$48,968 $47,196 $18,319 $114,483 
Segment Operating Income Margin
24.6%17.7%14.2%
Corporate Expenses (a)(23,494)
Interest Expense, Net (b)(8,952)
Other Expense, Net (b)(45)
Income Before Provision for Income Taxes
$81,992 
(In thousands)Flow Control
 
Industrial ProcessingMaterial HandlingCorporateTotal
Other Segment Disclosures
Depreciation expense (c)$3,700 $7,009 $2,433 $38 $13,180 
Capital expenditures (d)$8,049 $3,229 $2,718 $209 $14,205 
Six Months Ended June 28, 2025
(In thousands)Flow ControlIndustrial ProcessingMaterial HandlingTotal
Revenue$188,388 $185,461 $120,628 $494,477 
Cost of revenue
87,457 105,142 74,506 267,105 
Gross Profit100,931 80,319 46,122 227,372 
Gross Profit Margin53.6%43.3%38.2%46.0%
Operating Expenses:
Selling expenses29,257 21,028 13,293 63,578 
General and administrative expenses18,836 17,559 8,879 45,274 
Research and development expenses
2,681 3,430 1,136 7,247 
Intangible asset amortization expense2,903 4,814 5,517 13,234 
Other segment items59 1,170 (177)1,052 
Segment Operating Income
$47,195 $32,318 $17,474 $96,987 
Segment Operating Income Margin
25.1%17.4%14.5%
Corporate Expenses (a)(22,024)
Interest Expense, Net (b)(6,204)
Other Expense, Net (b)(33)
Income Before Provision for Income Taxes
$68,726 
(In thousands)Flow ControlIndustrial ProcessingMaterial HandlingCorporateTotal
Other Segment Disclosures
Depreciation expense (c)$3,653 $4,815 $2,357 $23 $10,848 
Capital expenditures$2,889 $2,920 $1,992 $3 $7,804 

July 4,
2026		January 3,
2026
(In thousands)
Total Assets (e)
Flow Control$455,768 $450,911 
Industrial Processing
998,443 826,062 
Material Handling
406,713 411,813 
Corporate (f)28,372 23,392 
$1,889,296 $1,712,178 
(a)Primarily consists of general and administrative expenses.
(b)The Company does not allocate interest expense, net and other expense, net to its segments.
(c)Depreciation expense by reportable segment is included within cost of revenue and selling, general and administrative, and research and development expenses.
(d)Includes $5,842,000 for the purchase of a manufacturing facility in the Flow Control segment that was previously leased by the Company.
(e)Excludes intercompany receivables or payables and investment in subsidiary balances as the CODM uses total assets excluding these amounts as the measurement for the Company's segment assets.
(f)Corporate assets primarily consist of cash and cash equivalents, tax assets, right-of-use assets, and property, plant, and equipment, net.