v3.25.2
Segments (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Results by Business Segment
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