v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net sales $ 798.0 $ 788.5 $ 1,590.0 $ 1,609.2
Cost of sales 658.8 660.2 1,335.6 1,368.9
Gross profit 139.2 128.3 254.4 240.3
Operating expenses:        
Selling and distribution 35.0 35.5 71.4 78.4
General and administrative 51.3 54.2 107.0 110.0
Amortization expense 13.2 12.1 26.3 24.2
Asset impairment 0.0 19.3 0.0 19.3
Other operating expense, net 12.4 11.2 27.9 17.6
Total operating expenses 111.9 132.3 232.6 249.5
Operating income (loss) 27.3 (4.0) 21.8 (9.2)
Other expense:        
Interest expense 22.2 15.6 41.5 31.2
Interest income (0.2) (0.1) (3.0) (4.1)
Loss on extinguishment of debt 0.0 0.0 2.6 0.0
(Gain) loss on foreign currency exchange (4.7) 1.5 (5.0) 4.9
Other expense (income), net 15.6 (0.1) 34.9 (5.0)
Total other expense 32.9 16.9 71.0 27.0
Loss before income taxes (5.6) (20.9) (49.2) (36.2)
Income tax benefit (2.7) (4.2) (14.5) (7.8)
Net loss $ (2.9) $ (16.7) $ (34.7) $ (28.4)
Earnings (loss) per common share:        
Basic (in dollars per share) $ (0.06) $ (0.32) $ (0.69) $ (0.54)
Diluted (in dollars per share) $ (0.06) $ (0.32) $ (0.69) $ (0.54)
Weighted average common shares:        
Basic (in shares) 50.5 52.3 50.5 53.0
Diluted (in shares) 50.5 52.3 50.5 53.0