v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net sales [1],[2] $ 1,893.9 $ 1,903.0 $ 1,789.0
Cost of sales 1,459.1 1,433.2 1,355.8
Gross margin 434.8 469.8 433.2
Selling, general and administrative expenses 169.0 176.6 163.8
Research and technology expenses 56.4 57.1 52.7
Other operating expense (income) 37.8 50.0 1.4
Operating income 171.6 186.1 215.3
Interest expense, net 37.7 31.2 34.0
Other expense (income) (1.1) 0.0 71.6
Total income before income taxes 135.0 154.9 109.7
Income tax expense 25.6 22.8 12.1
Income before equity in earnings 109.4 132.1 97.6
Equity in earnings from affiliated companies 0.0 0.0 8.1
Net income $ 109.4 $ 132.1 $ 105.7
Basic net income per common share: $ 1.38 $ 1.61 $ 1.25
Diluted net income per common share: $ 1.37 $ 1.59 $ 1.24
Weighted-average common shares:      
Basic 79.5 82.3 84.6
Diluted 80.0 83.0 85.5
[1] Net sales by geography based on the location in which the product sold was manufactured.
[2] Net sales to external customers based on the location to which the product sold was delivered.