v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Operating activities    
Net income $ 8.1 $ 2.2
Net loss from discontinued operations 2.4 0.2
Net income from continuing operations 10.5 2.4
Adjustments to reconcile net income to net cash provided / (used) by operating activities    
Depreciation 4.5 4.5
Depreciation of right of use assets 1.5 1.9
Amortization of purchased intangible assets 0.4 0.4
Amortization of debt issuance costs 0.1 0.1
Share-based compensation charges 1.8 1.4
Deferred income taxes 0.3 0.3
Non-cash restructuring charges 1.7 0.0
Loss on held for sale asset group 0.0 7.5
Defined benefit pension credit (1.2) (0.5)
Changes in assets and liabilities    
Accounts and other receivables (2.9) (9.5)
Inventories (4.2) (7.5)
Current assets held-for-sale (2.5) (2.5)
Prepayments and accrued income 0.6 1.6
Accounts payable (6.1) 2.4
Accrued liabilities 2.9 3.5
Current liabilities held-for-sale 2.6 2.0
Other current liabilities (1.5) 5.8
Other non-current assets and liabilities (2.1) (1.3)
Net cash provided by operating activities - continuing 6.4 12.5
Net cash provided by operating activities - discontinued 0.2 0.1
Net cash provided by operating activities 6.6 12.6
Investing activities    
Capital expenditures (3.1) (4.1)
Net cash used by investing activities - continuing (3.1) (4.1)
Net cash used by investing activities - discontinued (0.2) (0.1)
Net cash used by investing activities (3.3) (4.2)
Financing activities    
Net drawdown / (repayment) of bank overdraft 0.6 (4.4)
Net drawdown of long-term borrowings 4.9 6.4
Repurchase of own shares (1.1) (1.0)
Share-based compensation cash paid (0.6) (0.3)
Dividends paid (7.0) (7.0)
Net cash used by financing activities (3.2) (6.3)
Effect of exchange rate changes on cash and cash equivalents 0.4 (0.1)
Net increase 0.5 2.0
Cash, cash equivalents and restricted cash; beginning of year 6.3 2.6
Cash, cash equivalents and restricted cash; end of the second quarter 6.8 4.6
Supplemental cash flow information:    
Interest payments 1.6 2.8
Income tax payments, net $ 6.0 $ 0.3