The following table summarizes disaggregated external net sales by product category:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in millions)	2025		2024		2025		2024
Net sales:
Electronics
Assembly Solutions	$	221.0	$	198.1	$	415.1	$	365.6
Circuitry Solutions	130.9		121.7		251.0		233.5
Semiconductor Solutions	87.5		71.9		167.6		141.8
Total Electronics	439.4		391.7		833.7		740.9
Industrial & Specialty
Industrial Solutions	163.5		165.0		320.7		331.5
Graphics Solutions	—		36.8		24.2		73.8
Energy Solutions	22.3		19.2		40.3		41.5
Total Industrial & Specialty	185.8		221.0		385.2		446.8
Total net sales	$	625.2	$	612.7	$	1,218.9	$	1,187.7

The following table reconciles "Net income" to Adjusted EBITDA:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in millions)	2025		2024		2025		2024
Net income	$	47.5	$	93.3	$	145.5	$	149.3
Add (subtract):
Income from discontinued operations, net of tax	—		(1.6)		—		(1.6)
Income tax expense (benefit)	15.8		(17.5)		33.6		(4.0)
Interest expense, net	12.9		14.3		27.2		28.2
Depreciation expense	9.7		10.3		19.7		20.4
Amortization expense	28.5		29.8		55.7		60.0
EBITDA	114.4		128.6		281.7		252.3
Adjustments to reconcile to Adjusted EBITDA:

Restructuring expense	2.1		3.5		3.2		5.8
Acquisition, integration and transaction expenses	3.3		3.3		11.6		5.0
Foreign exchange losses (gains) on intercompany loans	10.6		(3.9)		16.6		(10.7)
Loss (gain) on divestitures	5.5		—		(66.6)		—
Debt financing costs	—		—		1.8		—

Kuprion Acquisition research and development charge	—		—		—		3.9

Other, net	0.1		3.6		16.1		5.8
Adjusted EBITDA	$	136.0	$	135.1	$	264.4	$	262.1

The following tables summarize financial information regarding each reportable segment's results of operations. As noted above, Adjusted EBITDA for each segment excludes certain items that may not be indicative of the Company's core operating results for its reportable segments. As such, the "Segment Total" below may not agree to the corresponding amounts on the Condensed Consolidated Statements of Operations.


	Three Months Ended June 30,
	2025						2024
(dollars in millions)	Electronics		Industrial & Specialty		Segment Total		Electronics		Industrial & Specialty		Segment Total
Net sales	$	439.4	$	185.8	$	625.2	$	391.7	$	221.0	$	612.7
Cost of sales	260.6		98.3		358.9		221.6		123.4		345.0
Selling, technical, general and administrative	71.0		48.8		119.8		60.5		56.3		116.8
Research and development	12.8		2.8		15.6		11.7		3.3		15.0
Other segment items (1)	4.6		—		4.6		11.2		(0.1)		11.1
Add: Depreciation expense	6.1		3.6		9.7		5.5		4.8		10.3
Adjusted EBITDA	$	96.5	$	39.5	$	136.0	$	92.2	$	42.9	$	135.1


	Six Months Ended June 30,
	2025						2024
(dollars in millions)	Electronics		Industrial & Specialty		Segment Total		Electronics		Industrial & Specialty		Segment Total
Net sales	$	833.7	$	385.2	$	1,218.9	$	740.9	$	446.8	$	1,187.7
Cost of sales	493.8		208.0		701.8		422.5		251.7		674.2
Selling, technical, general and administrative	136.3		100.7		237.0		118.3		112.3		230.6
Research and development	24.8		6.1		30.9		21.9		6.7		28.6
Other segment items (1)	5.3		(0.8)		4.5		13.2		(0.6)		12.6
Add: Depreciation expense	11.9		7.8		19.7		11.1		9.3		20.4
Adjusted EBITDA	$	185.4	$	79.0	$	264.4	$	176.1	$	86.0	$	262.1

(1) Other segment items for the Electronics segment primarily consisted of $2.5 million and $11.2 million of realized losses associated with metals derivative contracts for the three months ended June 30, 2025 and 2024, respectively. Other segment items for the Electronics segment primarily consisted of $2.8 million and $14.0 million of realized losses associated with metals derivative contracts for the six months ended June 30, 2025 and 2024, respectively. See Note 7, Financial Instruments, to the Condensed Consolidated Financial Statements for further discussion of these derivative instruments.