Item 2. Properties.
2K characters. Original on sec.gov ·
Item 2. Properties.
The Company conducts business at plants and offices that can be owned or leased and located in the U.S. or outside the U.S., with international square footage primarily in Germany (12%), the Netherlands (7%), India (6%), the U.K. (5%), Italy (3%), Canada (3%), China (2%) and Switzerland (2%). Management considers its facilities suitable and adequate for the Company’s operations and believes it has ample capacity in its plants and equipment to meet demand increases for future growth in the intermediate term, especially given its operational improvement initiatives that usually increase capacity.
A summary of properties used by the Company’s operations as of December 31, 2024 are shown in the following table:
| Square footage (in millions) | ||||||||||||||||||||||||||||||||
| Location | Owned/Leased | |||||||||||||||||||||||||||||||
| Total | Domestic | International | Owned | Leased | ||||||||||||||||||||||||||||
| Fluid & Metering Technologies | 1.8 | 1.4 | 0.4 | 1.1 | 0.7 | |||||||||||||||||||||||||||
| Health & Science Technologies | 2.4 | 1.2 | 1.2 | 0.6 | 1.8 | |||||||||||||||||||||||||||
| Fire & Safety/Diversified Products | 1.1 | 0.6 | 0.5 | 1.0 | 0.1 | |||||||||||||||||||||||||||
| Other(1) | 0.4 | 0.1 | 0.3 | 0.3 | 0.1 | |||||||||||||||||||||||||||
| Total | 5.7 | 3.3 | 2.4 | 3.0 | 2.7 |
(1) Other includes shared service locations as well as the Company’s executive office, which occupies 40,261 square feet of leased space in Northbrook, Illinois and 16,268 square feet of leased space in Chicago, Illinois.
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