v3.25.2
Investments in Unconsolidated Affiliates (Tables)
6 Months Ended
Jun. 30, 2025
Schedule of Equity Method Investments [Line Items]  
Schedule of Equity (Earnings) Losses from Unconsolidated Affiliates

The following table presents equity (earnings) losses from our unconsolidated affiliates for the three and six months ended June 30, 2025 and 2024:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

WAVE

 

$

(32.1

)

 

$

(26.5

)

 

$

(58.9

)

 

$

(53.9

)

Overcast

 

 

0.2

 

 

 

0.2

 

 

 

0.4

 

 

 

0.4

 

Equity (earnings) from unconsolidated affiliates, net

 

$

(31.9

)

 

$

(26.3

)

 

$

(58.5

)

 

$

(53.5

)

Summary of Investment in Joint Venture, Income Statement Data

The following table presents condensed financial statement data for WAVE:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net sales

 

$

140.0

 

 

$

126.1

 

 

$

264.1

 

 

$

251.9

 

Gross profit

 

 

86.7

 

 

 

71.1

 

 

 

161.8

 

 

 

147.8

 

Net earnings

 

 

66.4

 

 

 

55.2

 

 

 

121.7

 

 

 

112.2