v3.25.2
Segments
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segments Segments
The Company operates three reportable segments: Supply Technologies, Assembly Components and Engineered Products. The chief operating decision maker is the Company's Chief Executive Officer. For purposes of measuring business segment performance, the chief operating decision maker utilizes segment operating income, which is defined as revenues less expenses identifiable to the product lines within each segment. The Company does not allocate items that are non-operating; unusual in nature; or corporate costs, which include but are not limited to executive compensation and corporate office costs. Segment operating income reconciles to consolidated income before income taxes by adjusting for corporate costs; other components of pension and other postretirement benefits income, net; and interest expense, net.

Results by business segment were as follows:
Supply TechnologiesAssembly ComponentsEngineered ProductsCorporateTotal
(In millions)
Three Months Ended June 30, 2025
Net sales$187.1 $95.1 $117.9 $— $400.1 
Cost of sales154.3 84.2 93.4 — 331.9 
Gross profit32.8 10.9 24.5 — 68.2 
Selling, general and administrative expenses16.1 4.8 18.1 7.8 46.8 
Restructuring and other special charges0.4 0.5 0.4 — 1.3 
Operating income16.3 5.6 6.0 (7.8)20.1 
Other components of pension and other postretirement benefits income, net1.8 
Interest expense, net(11.2)
Income from continuing operations before income taxes$10.7 
Three Months Ended June 30, 2024
Net sales$202.6 $103.1 $126.9 $— $432.6 
Cost of sales165.3 92.4 101.7 — 359.4 
Gross profit37.3 10.7 25.2 — 73.2 
Selling, general and administrative expenses18.1 3.8 17.9 7.6 47.4 
Restructuring and other special charges0.2 — 1.0 — 1.2 
Operating income19.0 6.9 6.3 (7.6)24.6 
Other components of pension and other postretirement benefits income, net1.4 
Interest expense, net(12.0)
Income from continuing operations before income taxes$14.0 
Supply TechnologiesAssembly ComponentsEngineered ProductsCorporateTotal
(In millions)
Six Months Ended June 30, 2025
Net sales$374.9 $192.0 $238.6 $— $805.5 
Cost of sales307.5 169.9 191.8 — 669.2 
Gross profit67.4 22.1 46.8 — 136.3 
Selling, general and administrative expenses32.9 10.5 35.8 15.8 95.0 
Restructuring, acquisition-related and other special charges0.4 0.7 1.2 — 2.3 
Operating income34.1 10.9 9.8 (15.8)39.0 
Other components of pension and other postretirement benefits income, net3.6 
Interest expense, net(22.2)
Income from continuing operations before income taxes$20.4 
Six Months Ended June 30, 2024
Net sales$399.5 $210.3 $240.4 $— $850.2 
Cost of sales326.4 185.9 193.3 — 705.6 
Gross profit73.1 24.4 47.1 — 144.6 
Selling, general and administrative expenses34.4 8.9 36.0 15.2 94.5 
Restructuring, acquisition-related and other special charges0.2 — 1.3 — 1.5 
Operating income38.5 15.5 9.8 (15.2)48.6 
Other components of pension and other postretirement benefits income, net2.7 
Interest expense, net(23.9)
Gains on sales of assets— 
Income from continuing operations before income taxes$27.4 
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Capital expenditures:
Supply Technologies$3.1 $3.2 $7.8 $4.5 
Assembly Components1.5 1.5 2.9 3.3 
Engineered Products2.7 2.1 5.8 4.1 
Corporate0.1 0.6 0.4 1.3 
$7.4 $7.4 $16.9 $13.2 
Depreciation and amortization expense:
Supply Technologies$1.7 $1.7 $3.3 $3.4 
Assembly Components3.2 3.5 6.6 6.9 
Engineered Products3.3 3.1 6.4 6.3 
Corporate— — 0.2 0.1 
$8.2 $8.3 $16.5 $16.7 
June 30,
2025		December 31,
2024
Identifiable assets:
Supply Technologies$504.9 $465.6 
Assembly Components294.5 284.3 
Engineered Products467.1 468.8 
Corporate155.2 146.4 
$1,421.7 $1,365.1