Business Segments (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Information on Company's Business Segments

Information on the Company’s business segments is presented below based on the nature of the products and services offered. The Company uses Adjusted EBITDA as its principal measure of segment performance. Intersegment sales are accounted for at fair value as if the sales were to third parties.

	Three Months Ended March 31,
	2023		2022
Net sales
Fluid & Metering Technologies
External customers	$	321.1	$	271.9
Intersegment sales	0.7		0.1
Total segment sales	321.8		272.0
Health & Science Technologies
External customers	350.3		314.6
Intersegment sales	0.7		0.6
Total segment sales	351.0		315.2
Fire & Safety/Diversified Products
External customers	174.0		164.6
Intersegment sales	0.4		0.1
Total segment sales	174.4		164.7
Intersegment eliminations	(1.8)		(0.8)
Net sales	$	845.4	$	751.1
ADJUSTED EBITDA
Fluid & Metering Technologies	$	106.2	$	88.4
Health & Science Technologies	100.7		99.8
Fire & Safety/Diversified Products	49.7		44.4
Segment Adjusted EBITDA	256.6		232.6
Corporate and other	(26.8)		(17.9)
Adjusted EBITDA	229.8		214.7
- Interest expense	13.1		9.5
- Depreciation	12.8		12.2
- Amortization	23.6		15.3
- Restructuring expenses and asset impairments	0.5		—
+ Gains on sales of asset	—		2.7
Income before income taxes	$	179.8	$	180.4

	March 31, 2023		December 31, 2022
ASSETS
Fluid & Metering Technologies	$	1,720.9	$	1,676.9
Health & Science Technologies	2,960.9		2,931.1
Fire & Safety/Diversified Products	787.3		771.8
Corporate and other	188.9		132.1
Total assets	$	5,658.0	$	5,511.9